The Linde Group and Russia’s Power Machines PJSC have set up a joint venture (JV) to produce equipment for natural gas liquefaction plants and equipment.
The partner companies hold equal shares in the JV at 50% each. Under the partnership, Tier One player Linde will develop and supply relevant technology and Power Machines will ensure the localisation of equipment manufacturing.
The Russian-German collaboration will focus on the localisation of world-class, high-tech products in the Eastern Europe country and plans to support its rapidly growing liquefied natural gas (LNG) market.
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