China Information

Thursday, December 21, 2006

Fortune 500 Facilitating Industry in Shandong with 123 Enterprises Settled

Linde Group, the world biggest industrial gas producer and supplier and one of the Fortune 500 enterprises, made a joint announcement with Sinopec Company recently that both parties had officially established Zi Bo Qilu BOC Gases Ltd. The new joint venture was co-founded by British BOC Company under Linde Group and Sinopec Qilu Company Ltd. with investment of USD70m from both parties. By the end of November this year there were 123 fortune 500 enterprises that had investment in Shandong and set up 301 projects, over 60% of which were related to manufacturing.

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