The Linde Group and Delvar Afzar Industrial Gases, part of the Delvar Afzar Industrial Group, have agreed to form a joint venture, Linde Delvar Afzar Industrial Gases (LDAIG), headquartered in Teheran, that will leverage the strengths of both JV partners to become a leading supplier of industrial merchant gases and healthcare gases in Iran.
Adam Jennings-Frisby from Linde said:
“We look forward to developing new sales by leveraging Linde’s comprehensive expertise and outstanding application know-how. We see great business opportunities in Iran’s fast-growing merchant gases market, particularly in the specialty gases, healthcare, food and beverage sectors and in the manufacturing industries.”
Dr. Iraj Ghorbani from Delvar Afzar Industrial Group added:
“We are pleased to collaborate with the Linde Group to establish a new organization with the mission to contribute to the long-term strategy of creating a culture of merchant businesses including healthcare in Iran. The bright future of the joint venture company is supported by the Delvar Afzar Industrial Group, as the Iranian industrial gas leader, which shall assist technically with its existing resources to make LDAIG a game-changer in Iran.”
Most of the new company’s supply of liquid gases will be provided by Delvar Afzar’s facilities. The Iranian merchant gas market is expected to double by 2025 based on market experts’ expectations.
In the 2015 financial year, The Linde Group generated revenue of roughly EUR 18 bn, making it one of the leading gases and engineering companies in the world, with approximately 65,000 employees working in more than 100 countries worldwide.
(Source: Delvar Afzar)