USA: Chart to Expand Manufacturing Capacity for LNG Equipment

Chart Industries, Inc., a leading independent global manufacturer of highly engineered equipment used in the production, storage and end-use of hydrocarbon and industrial gases, announced that its Distribution & Storage Group (Chart D&S) is expanding manufacturing capacity for liquefied natural gas (LNG) equipment to meet growing LNG infrastructure demand in North America.

Chart plans to begin with a first phase investment in the fourth quarter 2011 of approximately $4 million at a site to be located in the Upper Midwest Region of the United States, where Chart has existing production locations. Site selection for a leased facility is nearing completion, and the additional capacity is expected to be ready to fulfill customer orders before the end of this year.

“We are expanding capacity to meet current customer needs and to remain ready to serve the rapid growth we are seeing in North America for LNG equipment for applications such as fueling stations, transportation and remote power generation,” stated Tom Carey, President of Chart D&S. “We believe we are in the early stages of a substantial LNG infrastructure build-out in North America that we expect will last for many years, similar to opportunities we are pursuing in China and elsewhere,” Carey continued.

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Source: Chart Industries, October 6, 2011