Carl von Linde, a German engineer, invented the refrigerator in the late 19th century. He was inspired to create the first modern refrigerator by industrial refrigeration techniques that had been in use for a few years.
Linde studied these industrial processes and realized that a refrigerator could be used in the home to preserve food, allowing households to store and cook food much longer. He began work on his concept in 1871, eventually coming up with an economical and reliable way to compress and liquefy ammonia in order to create cooling air.
This provided a way to circulate cool air through a refrigerator, ultimately allowing the temperature inside to be lowered.
Linde developed a variety of other technologies over the years, including the vapor absorption refrigerator and the absorption refrigerator. By 1908, he had put together a commercial refrigerator that used the vapor absorption principle to create a cooling effect.
In total, over three decades of research and development, Linde invented a number of components and techniques necessary for an efficient refrigerator.
Linde’s invention eliminated the need for households to buy large blocks of ice for refrigeration, revolutionizing the way homes store and cook food. Not only does a refrigerator enable us to keep food fresh for longer periods of time and retain its flavor, it also helps to reduce food waste, saving time and money.
An invention like this one was crucial in the 20th century, as populations and household incomes grew, making food storage and preservation an absolute necessity.
What is Linde known for?
Linde is a leading industrial gases and engineering company that is known for providing a wide range of products and services to customers around the world. The company specializes in industrial gases such as oxygen, nitrogen and argon, as well as related engineering and application solutions.
Linde also provides technology, accessories and services related to industrial gases and production processes. Their strong commitment to safety and quality, along with their passion to innovate and collaborate, has earned Linde a reputation as a reliable, high-quality partner.
Linde’s core business is focused on producing and selling industrial, medical and specialty gases. They are one of the world’s largest producers of such gases, with operations in all major geographic regions.
Linde has invested in state-of-the-art technology and advanced production processes that enable them to ensure consistent product quality and safe delivery of their products. In addition to selling gases, Linde also offers a wide range of products and services, including engineering, process design, equipment supply, installation, maintenance and safety training.
Beyond their gas operations, Linde is also known for its climate-neutral energy solutions. Through its technological capabilities, Linde has pioneered the development of post-combustion carbon capture, hydrogen production, and renewable gas production.
These advanced solutions contribute to their goal of supporting global efforts to lower emissions and create a more sustainable world.
When did Linde start?
Linde was founded in 1879 by Carl von Linde, a Bavarian professor of engineering. Initially, the company was involved in the manufacture of ice production and refrigeration. By the end of the 19th century, it had ventured into air separation and gas liquification operations.
By 1902, it was already supplying oxygen to all major cities in Germany and had established its first international subsidiaries. In the decades to follow, Linde expanded both domestically and internationally and eventually became the largest industrial gases supplier in the world.
Today, the company is present in more than 100 countries, with its headquarters located in Munich, Germany.
Who bought Linde?
In May 2021, German industrial gas company Linde was acquired by U. S. speciality chemicals company Praxair in a deal valued at $86 billion. The deal was finalized after gaining approval from shareholders of both companies along with all necessary regulatory authorities.
The combined company, Linde Plc, will be the leading industrial gas supplier in the world, with a market share of roughly 33%. The purchase makes Linde the largest company listed on the Frankfurt stock exchange, and will result in the formation of the world’s third largest chemical company.
In addition, this deal strengthens Praxair’s presence in both the U. S. and Europe, particularly in the health, food, and beverage industries. The merger will result in more than $1 billion in annual cost savings.
Who is the biggest industrial gas company?
The world’s largest industrial gas company is Linde. They are a global supplier of industrial and medical gases with a wide range of products, such as helium, nitrogen, oxygen, carbon dioxide, argon, hydrogen, and much more.
Founded in 1879, this German-based company has over 77,000 employees and operates in more than 100 countries. They have production sites in over 60 countries and have a variety of businesses from natural gas and hydrogen to carbon related businesses.
Linde provides innovative solutions and services to over a million customers worldwide. They are committed to health and safety, the environment and sustainability, and have created safety and quality standards for their products and services.
In addition, Linde strives to reduce their environmental impact and continually develops new technologies that enable more efficient use and reuse of energy sources.
When did Praxair merger with Linde?
Praxair and Linde announced a merger of equals on December 16, 2018. The merger created the world’s largest industrial gas company and was designed to bring the two companies’ complementary businesses and strengths together.
In accordance with the merger agreement, a new company, named Linde plc, was formed and it was listed on the New York and Frankfurt Stock Exchanges on September 16, 2020. Following the merger, the company had 90,000 employees spread out over more than 100 countries and was expected to generate total sales of $28 billion in 2020.
The merger was supported by both Praxair and Linde’s boards of directors, who both voted unanimously in favor of it. The deal was also approved by shareholders of both companies, with 93. 5 % of Praxair’s shareholders, and 96.
5% of Linde’s, voting in favor of the merger.
Who are Linde competitors?
Linde, a gas and engineering company, has a range of competitors from different sectors, including both industrial gases suppliers and engineering firms. Some of Linde’s most notable competitors are Air Liquide, Praxair and Airgas in the industrial gases sector, and Rolls-Royce, Siemens and ABB in the engineering sector.
Air Liquide is the largest industrial gases provider in the world, supplying a range of products, services and technologies to more than 3 million customers in over 80 countries. Praxair is another global leader in the industrial gases sector, offering a range of products and services for a wide range of markets, including electronics, healthcare and environmental protection.
Airgas is the largest U. S. supplier of industrial, medical and specialty gases and related hardgoods, such as welding supplies.
In terms of engineering companies, Rolls-Royce is a leading provider of power systems, capable of powering aircraft, ships and land vehicles. Siemens is involved in the development of a range of products, including automation, digitalization and electrification.
ABB is a global leader in the development of power grids, motors, generators and robotics.
Overall, Linde competes with a wide range of companies, both in the industrial gases sector and engineering sector. Some of its most notable competitors are Air Liquide, Praxair and Airgas in industrial gases, and Rolls-Royce, Siemens and ABB in engineering.
How many countries does Linde operate in?
Linde operates in more than 100 countries around the world. Linde has approximately 60,000 employees and a global network of over 800 subsidiaries, affiliates, and joint venture companies. In addition to its traditional industrial gases business, it has diversified its portfolio of products and services to include alternative energy, welding technology, medical equipment, chemicals, and professional services.
Linde’s products and services are used in a wide range of industries, including healthcare, aviation, manufacturing, chemicals, food, electronics, government and defense, transportation, and oil and gas.
What kind of company is Linde PLC?
Linde PLC is a global industrial gases and engineering company headquartered in Ireland. It is the largest industrial gases supplier in the world, supplying a wide range of products and services to customers in the industrial and healthcare industries.
The company’s product portfolio includes oxygen, nitrogen, hydrogen, carbon dioxide and other industrial gases, as well as engineering services and on-site gas production plants. The company has operations in more than 100 countries and employs around 80,000 people.
Linde PLC is committed to innovation and sustainability, and innovates products and services to help reduce energy consumption, improve air quality and increase safety. The company integrates sustainable practices into its business strategy, creating products and services that help customers lower their environmental impact.
What sells Linde?
Linde is a global industrial gases and engineering company that specializes in a variety of industrial, medical, and specialty gases, as well as energy and other related technologies. Their portfolio of products includes industrial gases such as oxygen, nitrogen, argon, helium, carbon dioxide, and more, as well as process chemicals, specialty gases, and more.
The company provides product and service solutions to customers in a number of industries including food and beverage, manufacturing, automotive, healthcare, refining, and many others. In addition to sales of industrial gases and related products, Linde also provides a variety of services such as gas delivery, equipment installation and maintenance, safety equipment, engineering and maintenance, nitrogen and hydrogen generation and storage, and many others.
Those seeking to do business with Linde can find the products and services they need through their website and various resellers and distributors that partner with the company.
Is Linde stock a buy?
The answer to whether or not Linde stock is a buy depends on many factors, including your individual financial goals. Linde is a global industrial gas company, and is one of the largest industrial gas producers in the world.
It recently entered a merger with Praxair, another major industrial gas supplier. When it comes to Linde’s financials, the company is highly profitable and has strong cash flow. Its earnings have grown steadily in recent years, and management has put a lot of energy into cost cutting and efficiency improvements.
The dividend yield of Linde stock is also relatively high. Therefore, from a financial point of view, Linde appears to be a solid investment.
From an investment perspective, Linde is exposed to a lot of volatility, since it serves the volatile industrial gases market. The company recently announced several large contracts with major customers, but given the cyclical nature of the industry, it is important to keep an eye on the contracts.
Additionally, Linde does have a significant amount of debt on its balance sheet, and it can be prone to leverage risk. Thus, investors should take a closer look at Linde’s balance sheet before making an investment decision.
Overall, whether or not Linde stock is a buy for you will depend on your individual financial goals and risk profile. If you have a high-risk tolerance and can tolerate market volatility, then Linde may be a good buy.
However, if you are more risk-averse and prefer stable returns, then you may want to consider other wealthier companies in a more stable industry.
What does Linde Corporation do?
Linde Corporation is a global provider of industrial gases and chemicals. Based in Germany, Linde is one of the largest suppliers of industrial gases and chemicals worldwide. They offer a diverse product range of industrial and medical gases, chemicals and equipment to their customers.
Linde’s gases and chemicals are used in a range of industries, including chemical processing, pharmaceuticals, natural gas processing, welding and cutting, water purification and the production of electronics.
Linde also provides products such as cryogenics, turbines, and natural refrigerants. Their industrial gases and chemicals are utilized to support customers in the Power and Energy, Metals, Healthcare and Food & Beverage industries.
In addition, Linde offers gas delivery systems, onsite gas generation and gas safety solutions. Linde continually works to develop new technologies that reduce emissions and enable more efficient manufacturing processes.
Is Linde a good company to work for?
Linde is a great company to work for! They have been rated as one of the best employers in their industry and consistently receive excellent reviews from employees. Linde is a global leader in the industrial gas and engineering industries, providing a wide range of services to customers in more than 100 countries.
The company focuses on safety, diversity, innovation, and sustainability. Linde provides an attractive working environment, with a range of on-site services and amenities, plus generous employee benefits.
They have an excellent record of promoting from within, and offer industry-leading pay and rewards for achieving excellence. With a focus on learning and development opportunities, a commitment to respect for diversity and inclusion, and a strong corporate culture, it’s no wonder why Linde is considered a great place to work.
Is Linde the same as Praxair?
No, Linde and Praxair are two separate companies. Praxair is an American-based industrial gas company based in Danbury, Connecticut, while Linde is a multinational gas and engineering company based in Munich, Germany.
Although both companies are gas-focused, they both operate in different geographical regions. Praxair provides gases and related services to various customers primarily in North and South America, and Linde is primarily involved in Europe, the Middle East, and Africa, although it does have operations in the Asia-Pacific region as well.
Additionally, the two companies have different product ranges. Praxair offers packaged and bulk industrial, specialty, and medical gases, welding equipment, and related services, while Linde mainly manufactures industrial gases, power plants, and medical technology, and provides a range of related services.
Although both companies don’t announce their financial results separately, it is known that Linde is the larger of the two, with revenues of more than €20 billion in 2019 compared to Praxair’s reported total of €10.
5 billion.
Does Linde own Air Products?
No, Linde does not own Air Products. Linde and Air Products are two separate companies. Linde is a global industrial gas supplier headquartered in Ireland and Air Products is an American industrial gases supplier headquartered in Pennsylvania.
In 2016, Linde and Praxair (another large industrial gases supplier) announced that they had reached an agreement to merge. If the merger is completed, it will create the world’s largest industrial gases company.
However, Air Products is not involved with this proposed merger and will remain a separate entity.
When was Linde founded?
Linde was founded by Carl von Linde in Berlin, Germany in 1879. In the beginning, Linde was a small family business that focused on developing industrial cooling and refrigeration technology. After several years of success, the company decided to expand their operations and enter the industrial gases business, where they began producing industrial oxygen, nitrogen, hydrogen and other products.
By 1901 the company had branches across Europe and the United States, and in 1906 the company introduced the first liquefied gas cylinders. This marked a major milestone in the company’s history, and they have continued to diversify and expand their product range ever since.
Today, Linde is a leading industrial gas supplier and is active in more than 100 countries across Europe, North and South America, Africa and Asia Pacific.
What is the meaning of Linde?
The meaning of Linde is German for “linden tree”. The linden tree (Tilia) is a species of flowering tree that is native to Europe, Asia, and North America. These trees are known for their fragrant, heart-shaped leaves, which are bright green during summer but yellow and orange during autumn.
Linden trees also produce a sweet and refreshing scent, often used in perfumes and soaps. Traditionally, linden trees are associated with love, grace, protection, fertility, and elegance. In popular culture, they have also become a symbol of beauty and hope, often used in poetry and literature to express feelings of affection and reverence.
Who owns Praxair?
Praxair, Inc. , a leading industrial gas manufacturer, is owned by Linde plc, which is a multinational chemical company based in Germany. Praxair and Linde merged in 2018 to create the largest industrial gas manufacturer in the world.
Praxair, Inc. is headquartered in Danbury, Connecticut and has over 28,000 employees that serve customers in more than 50 countries. The company produces and distributes a wide variety of gases, including oxygen, nitrogen, hydrogen, helium, and other rare gases, as well as industrial gases, medical gases, and specialty gases.
Praxair is committed to sustainability and has set ambitious goals to reduce its carbon footprint and increase the utilization of renewable energy sources.
What is Praxair called now?
Praxair is now known as Linde plc. The company name was officially changed to Linde plc in June 2020, when Praxair and Linde AG merged to create the world’s largest industrials gases company. Praxair, which was founded in 1907, was a major industrial gas company in North America and one of the largest worldwide.
Linde AG, established in 1879, is a global industrial gas leader and a pioneer in the field of alternative energy sources.
The new company will be headquartered in London and have 145,000 employees in more than 100 countries. Linde plc will have a pro forma revenue of approximately € 28 billion in 2019 and will focus on five business segments: On-site Gases, Merchant Gases, Healthcare, Engineering, and Specialty Gases.
The combined company has a wide range of areas of expertise, including gases and engineering, as well as advanced electronics and materials technologies, and will be in a strong strategic and technological position to create more value for its customers.
