Chart Expands LNG Capacity - 7/12/2012
Chart Industries’ Distribution & Storage Group is expanding its manufacturing capacity for liquefied natural gas equipment. Chart D&S plans to invest approximately $23 million to acquire property and build a new facility adjacent to its existing facility in New Prague, MN. The Company expects that the new facility will be ready to fulfill customer orders by the second quarter of 2013. Tom Carey, president of Chart D&S, says, “We continue to see clear signs of a substantial LNG infrastructure build-out in North America, and we are committed to serve this rapid growth for equipment for applications such as LNG fueling stations, transportation and remote power generation. At the same time, we have an established commitment to supply industrial gas customers and our expansion plan is predicated upon continued servicing of our historic customer base.”
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