Linde announced it has signed a record 36 new small on-site contracts during 2020, a 20% increase compared with the prior year despite a more challenging economic environment.

Linde has signed new agreements with customers across multiple end-markets, including pharmaceuticals, electronics, mining, solar panels and aerospace. In addition to meeting Linde's investment criteria, these long-term agreements offer a steady revenue stream that will contribute directly to Linde's underlying growth. The majority of the new contracts are separate from the company's reported project backlog.

"Throughout 2020, we continued to unlock value by leveraging Linde's comprehensive portfolio of products and technologies," said Sanjiv Lamba, Chief Operating Officer at Linde. "By offering our customers a range of solutions, not only are we helping them to increase their efficiency, but we are also helping them to reduce their carbon footprint."

In addition to signing a record number of new contracts, Linde started up 27 small on-site plants during 2020.