Who is the best domestic industrial gas equipment manufacturer in China?

The editor has compiled the following information, hoping it will be helpful to you (data source: Hanghangcha | Industry Research Database): Introduction to Chinese Industrial Gas Companies 1. Linde Gas Linde Gas is one of the world’s leading industrial gas and engineering companies. Linde serves a wide range of end markets, including chemicals and energy, food and beverage, electronics, healthcare, manufacturing, as well as metals and mining. The industrial gases produced by Linde are applied across diverse fields—from medical oxygen used in hospitals to high-purity and specialty gases for the electronics industry, and hydrogen for clean energy. In addition, Linde provides a suite of cutting-edge gas processing solutions to support customers’ business growth, improve efficiency, and reduce carbon emissions. Products and Supply Linde’s gas product portfolio includes oxygen, nitrogen, argon, rare gases, carbon oxides, helium, hydrogen, electronic gases, and specialty gases. Its gas business is concentrated across three major regions: the Americas (United States, Brazil, Mexico, Canada), EMEA (Europe, Middle East, and Africa), and APAC (China, Australia, South Korea, India, and other Asia-Pacific countries). Industrial Gas Supply Industry Linde’s supply portfolio achieves exceptional breadth and depth, with focused operations in niche markets such as olefins, natural gas, air separation, hydrogen, and syngas plants. Leveraging mature process technologies, the company plans, designs, and constructs highly efficient gas production equipment, covering the entire value chain of hydrogen—from production and liquefaction to storage, distribution, and application. Technical Application Solutions Industrial gas supply models generally fall into three categories: on-site gas generation, bulk supply, and packaged gas supply. Selection of the optimal model depends on a comprehensive assessment of customer needs and cost considerations. Cross-regional transportation of gases is often economically inefficient; therefore, Linde adopts different supply models across various markets. Overall, packaged gas is the most widely adopted supply method within the group, whereas on-site gas generation accounts for a higher share of business in the Asia-Pacific region. 2. Hangyang Co., Ltd. Hangyang Group Co., Ltd. was founded in 1950 and listed on the Shenzhen Stock Exchange in 2010. It is a world-class supplier of air separation units (ASUs) and low-temperature petrochemical equipment, and a pioneer and leader in China’s industrial gas industry. Hangyang manufactured China’s first ASU and ranks first globally in both production volume and sales of large- and extra-large-scale ASUs. Its 100,000-ton-per-day ASU for Shenhua Ningxia Coal Group is hailed as a “major national asset,” with overall technology reaching internationally leading levels. Its low-temperature petrochemical products—including ethylene cold boxes—hold the largest market share domestically. The project titled “Research and Industrial Application of Complex-Feedstock Hundred-Thousand-Ton Ethylene Complete Technology” won the First Prize of the National Science and Technology Progress Award. Revenue Breakdown In 2022, Hangyang achieved operating revenue of RMB 12.803 billion, an increase of 7.79% year-on-year. Of this, revenue from the gas business amounted to RMB 8.008 billion, up 21.04% year-on-year; revenue from manufacturing stood at RMB 4.458 billion, down 7.66% year-on-year; other revenue totaled RMB 207 million, down 7.03% year-on-year; and revenue from engineering EPC contracts reached RMB 131 million, down 38.23% year-on-year.

India Finance, September 5, 2024 — Another Chinese company begins producing EV components in India

1. Following the Indian government’s withdrawal of road tax exemptions for electric vehicles (EVs), prices rose by 10%, causing EV sales in Delhi to nearly halt. This move severely impacted sales of both electric two-wheelers and four-wheelers. Industry stakeholders plan to meet with state transport authorities to address their concerns. The Indian government implemented this measure on August 31. Officials from the Federation of Automobile Dealers Associations stated that the removal of subsidies significantly increased EV purchase prices, severely affecting sales. 2. The Indian government will maintain a substantial tax differential between electric vehicles and hybrid vehicles to promote zero-emission technologies. G20 Sherpa Amitabh Kant confirmed this policy during a Mercedes-Benz event, underscoring efforts to accelerate electrification. This decision affects automakers including Maruti Suzuki, Toyota, and Honda, which have been lobbying for lower excise duty rates on hybrid vehicles. Now, manufacturers like Maruti and Toyota may have cause for concern: hybrids will attract a 48% excise duty, while EVs will continue to be taxed at only 5%. 3. On September 4, India’s Ministry of Electronics and Information Technology launched a series of blockchain-based solutions aimed at enhancing transparency, security, and efficiency in digital service delivery. Vishvasya—the Blockchain Technology Stack—is designed to provide Blockchain-as-a-Service (BaaS) with geographically distributed infrastructure to support a range of licensed blockchain applications. The Indian government stated that the stack is hosted across NIC data centers in Bhubaneswar, Pune, and Hyderabad to ensure robust and scalable service delivery. 4. Data released on September 4 shows that Indian Oil Corporation blended 232.4 million liters of biodiesel with conventional diesel, achieving a blending rate of 0.49%, surpassing other oil marketing companies’ average of 0.43%—a landmark industry achievement. This milestone forms part of Indian Oil’s broader initiative to promote sustainable energy. For the current fiscal year, Indian Oil’s biodiesel blending rate has reached 0.73%. At the 2024 India Bioenergy & Tech Expo, Indian Oil was honored for its significant contributions to India’s biofuel advancement. Its achievements align with India’s national target of achieving 20% ethanol blending in gasoline by 2025. Currently, Indian Oil’s base gasoline already contains over 15% ethanol. The company has rolled out E20 fuel—containing 20% ethanol—at nearly 7,000 fuel stations across India, highlighting its commitment to expanding green fuel supply. 5. The Indian government has proposed reducing the local value-addition (LVA) requirement for certain critical components in public procurement of IT hardware—a move drawing industry opposition, which argues it will make it difficult for many enterprises to participate in government tenders. Based on inputs from the team overseeing the Production-Linked Incentive (PLI) scheme, the government proposes lowering the LVA weightage for locally procured items under the ‘Preferential Market Access for Make in India’ order. This adjustment aims to curb potential invoice fraud. Under the revised LVA calculation mechanism for desktops and laptops, the LVA weightage for printed circuit board assemblies (PCBAs) has been slashed from 45–52% to just 5%. Suppliers procuring bare PCBs may add an additional 5% weightage. Similarly, proposed changes also reduce weightages for other components, including memory, storage, and batteries. 6. Latest Reserve Bank of India (RBI) data reveals that, as of end-June 2024, over two-thirds of bank-mobilized deposits carried interest rates of 7% or higher—up from 45% a year earlier—indicating banks now must offer higher returns to attract depositors amid surging credit demand. According to the RBI’s latest figures, as of June 2024, banks offered interest rates above 7% on deposits totaling ₹77.63 trillion, compared to ₹45.12 trillion a year earlier.

Linde doubles on-site industrial gas capacity for Tata Steel in India

1 day ago

Linde plc doubled its on-site industrial gas capacity for Tata Steel in India using two air separation units, enabling annual steel production growth from 3 million to 8 million tons.

ChemEngOnline

2026-04-08

Asio Capital LLC Increases Stake in Linde PLC

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Yousif Capital Management LLC Sells 2,739 Shares of Linde PLC

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BIP Wealth LLC Acquires 3,403 Shares of Linde PLC

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Franklin Street Advisors Inc. NC Trims Stake in Linde PLC

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Jackson Square Capital Reduces Stake in Linde PLC to $2.90 Million