Linde invests HUF 14 billion in Hungary

The company is making the investment in its air separation plant in Kazincbarcika.

The investment will protect 430 jobs, and the government is providing HUF 1.9 billion in non-refundable support, Minister of Foreign Affairs and Trade Szijjártó said in Budapest on Friday.

The minister added that Linde Hungary is one of the largest companies in the country producing industrial and medical gases and provides Hungarian hospitals with more than 80 percent of the medical oxygen needed for coronavirus patients to breathe. The company also uses its technology to provide the highly specialized conditions required for the delivery of the coronavirus vaccine.

Thanks to this new investment, Linde will be able to produce liquid oxygen and liquid nitrogen, some of which will be used in Hungary to increase the competitiveness of domestic companies and some of which will be exported. 

Andreas X. Müller, Managing Director of Linde Gáz Magyarország Zrt., said that they picked Hungary due to its attractive business environment and geographical location. Linde employs 80,000 people in 100 countries, and the company had sales of EUR 25 billion in 2019.

Szijjártó also reported on the procurement of coronavirus vaccines, stressing that the goal is to be able to vaccinate people in Hungary as soon as possible; the country is therefore looking for different ways to get vaccines.

Negotiations with Chinese and Russian manufacturers have intensified, and permission from the Hungarian national authority might be granted soon to acquire vaccines from the East. The FM also indicated that the UAE and the Government of Bahrain are being consulted on an ongoing basis, as the Chinese vaccine has been used in these countries.

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