Latest news with #Linde
Yahoo
2 days ago
- Business
- Yahoo
Linde Secures $400M Contract to Supply Industrial Gases to Blue Point's World-Scale Low-Carbon Ammonia Plant in Louisiana
Linde (NASDAQ:LIN) is one of the best basic materials stocks to invest in. On June 23, Linde announced a new long-term agreement with Blue Point Number One, which is a joint venture comprising CF Industries, JERA, and Mitsui & Co. Under this agreement, Linde will supply industrial gases to Blue Point's low-carbon ammonia plant, which will have a capacity of 1.4 million metric tons, located in Ascension Parish, Louisiana. This facility is anticipated to be one of the largest low-carbon ammonia projects globally. The ASU (air separation unit) will provide oxygen and nitrogen to the Blue Point project. Linde's investment in this new on-site plant is expected to exceed $400 million, with a projected start-up in 2029. An industrial facility emitting natural gas from large pipes, with workers in the foreground. This new facility will become the largest ASU in the Mississippi River corridor of southeast Louisiana, further strengthening Linde's extensive US Gulf Coast infrastructure, which already includes multiple industrial gases production facilities and hydrogen & syngas infrastructure in the area. Linde (NASDAQ:LIN) is an industrial gas company with operations in the US, China, Germany, the UK, Australia, Mexico, Brazil, and internationally. While we acknowledge the potential of LIN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
2 days ago
- Business
- Business Insider
Linde (LIN): New Buy Recommendation for This Basic Materials Giant
RBC Capital analyst Arun Viswanathan maintained a Buy rating on Linde yesterday and set a price target of $576.00. The company's shares closed yesterday at $461.29. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Viswanathan covers the Basic Materials sector, focusing on stocks such as DuPont de Nemours, PPG Industries, and FMC. According to TipRanks, Viswanathan has an average return of -3.6% and a 45.24% success rate on recommended stocks. In addition to RBC Capital, Linde also received a Buy from TR | OpenAI – 4o's Dorian Reaxon in a report issued on July 16. However, on July 9, UBS maintained a Hold rating on Linde (NASDAQ: LIN). LIN market cap is currently $216.8B and has a P/E ratio of 33.42. Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LIN in relation to earlier this year. Most recently, in May 2025, Sean Durbin, the Executive VP, North America of LIN sold 7,261.00 shares for a total of $3,314,048.71.
Gulf Today
3 days ago
- Sport
- Gulf Today
Henry and Duffy shine as gritty New Zealand hold nerve to down SA in tri-series clash
Matt Henry and Jacob Duffy shared six wickets between them as New Zealand began their T20I Tri-Series campaign with a 21-run win over South Africa, defending a total of 173 at Harare Sports Club. Henry's incisive early bursts (3/34) and Duffy's clutch strikes at the death (3/20) proved too much for the Proteas, who fell short despite a valiant lower-order fightback led by George Linde. The victory also marked a winning start to Rob Walter's coaching tenure with New Zealand — against the very team he previously coached. Chasing 174, South Africa were reeling at 111 for 7 in the 14th over, before Linde (30 off 20) and Gerald Coetzee (17) stitched a 37-run partnership to keep hopes alive. With 31 needed from the last three overs, Linde mistimed a pull and holed out at deep mid-wicket off Duffy, who then removed Coetzee next ball to end the contest and bag a well-deserved three-wicket haul. Earlier, it was Henry's new-ball spell that set the tone. He struck early blows, including the key wicket of Lhuan-dre Pretorius, who had raced to a brisk 27 but edged behind in the fourth over. Henry's bounce and movement proved difficult for the South African top order, who crumbled to 62 for 5 inside nine overs. Though Dewald Brevis (35) and Linde counter-attacked, South Africa never quite recovered from their early collapse, especially with untimely dismissals and a mid-innings run-out of skipper Rassie van der Dussen (6). Earlier in the day, New Zealand posted 173 for 5, thanks to a stunning fightback from Tim Robinson (75)* and debutant Bevon Jacobs (44), who added an unbroken 103-run stand for the sixth wicket. Their partnership rescued the BlackCaps from a precarious 70 for 5 in the 10th over — New Zealand's second-highest stand for the sixth wicket in T20Is. Robinson showed composure and flair, launching Coetzee for three sixes, including a jaw-dropping uppercut over backward point. Jacobs, playing his first game for New Zealand, rotated the strike smartly and punished loose deliveries to play the perfect foil. South Africa's bowlers had earlier struck regularly, with Kwena Maphaka, Gerald Coetzee, and Corbin Bosch chipping away. But they couldn't contain the late surge, which proved decisive in the end. After a golden duck in the series opener, Pretorius came out swinging. He smashed five boundaries in his 17-ball 27 and gave the chase early momentum. But once Henry dismissed him, wickets tumbled quickly. Rassie van der Dussen's run-out — a sharp piece of fielding involving Tom Seifert and Mitchell Santner — added to South Africa's woes. The middle-order failed to fire, and even Brevis and Linde's counterattacks weren't enough. With the likes of Michael Bracewell, Glenn Phillips, and Rachin Ravindra unavailable due to MLC duties, New Zealand will be buoyed by the performance of their bench strength. Walter's new era has started with grit, control, and a win. Earlier, South Africa continued their dominance over Zimbabwe by beating their neighbouring country by five wickets in the opening match of a Twenty20 international tri-series at Harare Sports Club on Monday. New Zealand will play their first match of the tournament when they meet South Africa at the same venue on Wednesday. Zimbabwe were restricted to 141 for six after being sent in, with captain Sikandar Raza top-scoring with 54 not out. Both teams showed multiple changes following a two-match Test series in Bulawayo, which South Africa won comfortably. Agencies
Business Times
4 days ago
- Business
- Business Times
Secretive family behind Tetra Pak bets bulk of US$9b on stocks via Singapore entities
[KUALA LUMPUR] A mysterious entity based in the heart of Singapore's financial district emerged as the biggest shareholder in International Flavors & Fragrances (IFF) nine years ago. It turned out that the owner was the Rausing family, which hails from Sweden and made a fortune from Tetra Pak cartons. It is now also clear that the stake was one of the first public disclosures about how the media-shy clan deploys its billions. Today, the family has amassed a stock portfolio worth around US$9 billion and spanning more than 100 companies in Europe and the United States, according to a Bloomberg analysis of regulatory filings. Through entities in Liechtenstein, Singapore and Switzerland, the Rausings have a US$1.9 billion stake in IFF, US$2.4 billion in industrial-gas company Linde and US$2.2 billion in flavour-maker Givaudan, and smaller holdings in companies from Apple to Wells Fargo, regulatory filings show. The scale of these bets, which has not previously been reported, and the entities that hold them, highlight the growing sophistication in how some of the world's richest families manage their money, and the broader boom in the family office industry. Representatives for the Rausing family-owned corporation Tetra Laval, and the different entities, either declined to comment or did not respond to requests for comment. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up The vast majority of the US$9 billion is concentrated in just five stocks: IFF, Linde, Givaudan, Sensient Technologies, which makes speciality ingredients, and consumer-packaging company SIG Group. Those investments have been held by Singaporean companies that ultimately are controlled by a Liechtenstein entity called Haldor Foundation. A Switzerland-based investment firm called Longbow Finance held a portfolio of about 80 US-traded securities that added up to US$835 million as of March 31. Longbow has catered to the Rausing family's wealth for decades. Another Swiss investment firm, called Freemont Management, also held a broad portfolio of securities worth US$304 million at the end of March. Freemont was established in 1994 and was recorded as a subsidiary of Tetra Laval as recently as May 2025, according to Orbis, a database of company data. The disclosures only comprise holdings in publicly traded securities that meet certain thresholds for size or complexity. It is possible that the three entities hold investments in other assets with different transparency rules. Longbow's assets, for example, have also included hedge funds, private credit and real estate. It is difficult to discern how the bets have played out because the filings largely show their present value but often not their purchase price. IFF's shares, for example, have returned -29 per cent since the Rausings first disclosed their stake in the New York-based company, compared with 242 per cent for the S&P 500 Index. By contrast, Givaudan has returned 41 per cent since the stake appeared in its annual report for fiscal 2022, almost double the Swiss Exchange Performance Index. But the portfolio has kept growing regardless of share prices. Filings in Singapore show that two subsidiaries there – Winder Investments and Winder – periodically received infusions of tens or hundreds of millions of US dollars, respectively. The source of the money remains unclear, like much else about the finances of the Rausings and Tetra Laval. The closely held company does not disclose its complete results, so it is not possible to determine how much of its potential profits is distributed to the owners. It is also not clear which family members are the ultimate beneficiaries of the three investment entities. Previous news reports have named Finn, Jorn, and Kirsten Rausing, grandchildren of Tetra Laval founder Ruben Rausing, as the beneficiaries of Haldor. The Bloomberg Billionaires Index credits each of the siblings with one-third of Tetra Laval, which helps put their respective net worth at about US$5.9 billion. But the index does not allocate them a specific slice of either of the three investment firms. The siblings, who are in their 60s and 70s, came in line to take over the business after their father, Gad Rausing, bought out their uncle in 1995. Gad's father, Ruben, was born in the small community of Raus in southern Sweden in 1895. He spent several years in New York where he studied at Columbia University. He saw the city's self-service grocery stores and figured the concept would soon be adopted in Europe, which would drastically increase demand for hygienic and practical consumer-sized packages of grocery staples. He returned home and started a packaging company. The tetrahedron-shaped milk carton, developed in the 1940s and 1950s, became a breakthrough product. Last year, the company produced 178 billion packs and collected US$18.5 billion of revenue. BLOOMBERG
Business Times
4 days ago
- Business
- Business Times
Secretive family behind Tetra Pak bets US$9 billion on stocks via Singapore entity
[KUALA LUMPUR] A mysterious entity based in the heart of Singapore's financial district emerged as the biggest shareholder in International Flavors & Fragrances (IFF) nine years ago. It turned out that the owner was the Rausing family, which hails from Sweden and made a fortune from Tetra Pak cartons. It is now also clear that the stake was one of the first public disclosures about how the media-shy clan deploys its billions. Today, the family has amassed a stock portfolio worth around US$9 billion and spanning more than 100 companies in Europe and the US, according to a Bloomberg analysis of regulatory filings. Through entities in Liechtenstein, Singapore and Switzerland the Rausings have a US$1.9 billion stake in IFF, US$2.4 billion in industrial-gas company Linde and US$2.2 billion in flavour-maker Givaudan, and smaller holdings in companies from Apple to Wells Fargo, regulatory filings show. The scale of these bets, which has not previously been reported, and the entities that hold them, highlight the growing sophistication in how some of the world's richest families manage their money, and the broader boom in the family office industry. Representatives for the Rausing family-owned corporation Tetra Laval, and the different entities, either declined to comment or did not respond to requests for comment. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up The vast majority of the US$9 billion is concentrated in just five stocks: IFF, Linde, Givaudan, Sensient Technologies, which makes speciality ingredients, and consumer-packaging company SIG Group. Those investments have been held by Singaporean companies that ultimately are controlled by a Liechtenstein entity called Haldor Foundation. A Switzerland-based investment firm called Longbow Finance held a portfolio of about 80 US-traded securities that added up to US$835 million as of March 31. Longbow has catered to the Rausing family's wealth for decades. Another Swiss investment firm, called Freemont Management, also held a broad portfolio of securities worth US$304 million at the end of March. Freemont was established in 1994 and was recorded as a subsidiary of Tetra Laval as recently as May 2025, according to Orbis, a database of company data. The disclosures only comprise holdings in publicly traded securities that meet certain thresholds for size or complexity. It is possible that the three entities hold investments in other assets with different transparency rules. Longbow's assets, for example, have also included hedge funds, private credit and real estate. It is difficult to discern how the bets have played out because the filings largely show their present value but often not their purchase price. IFF's shares, for example, have returned -29 per cent since the Rausings first disclosed their stake in the New York-based company, compared with 242 per cent for the S&P 500 Index. By contrast, Givaudan has returned 41 per cent since the stake appeared in its annual report for fiscal 2022, almost double the Swiss Exchange Performance Index. But the portfolio has kept growing regardless of share prices. Filings in Singapore show that two subsidiaries there – Winder Investments and Winder – periodically received infusions of tens or hundreds of millions of US dollars, respectively. The source of the money remains unclear, like much else about the finances of the Rausings and Tetra Laval. The closely held company doesn't disclose its complete results, so it's not possible to determine how much of its potential profits is distributed to the owners. It's also not clear which family members are the ultimate beneficiaries of the three investment entities. Previous news reports have named Finn, Jorn, and Kirsten Rausing, grandchildren of Tetra Laval founder Ruben Rausing, as the beneficiaries of Haldor. The Bloomberg Billionaires Index credits each of the siblings with one-third of Tetra Laval, which helps put their respective net worth at about US$5.9 billion. But the index does not allocate them a specific slice of either of the three investment firms. The siblings, who are in their 60s and 70s, came in line to take over the business after their father, Gad Rausing, bought out their uncle in 1995. Gad's father, Ruben, was born in the small community of Raus in southern Sweden in 1895. He spent several years in New York where he studied at Columbia University. He saw the city's self-service grocery stores and figured the concept would soon be adopted in Europe, which would drastically increase demand for hygienic and practical consumer-sized packages of grocery staples. He returned home and started a packaging company. The tetrahedron-shaped milk carton, developed in the 1940s and 1950s, became a breakthrough product. Last year, the company produced 178 billion packs and collected US$18.5 billion of revenue. BLOOMBERG
