In its Q3 2016 conference call with shareholders, the Linde Group released a new three-year efficiency programme, Linde LIFT. But what exactly does this strategic business plan entail?
It has three main objectives; to LIFT operating profit margins, to LIFT return on capital employed and to LIFT shareholder value.
The Linde LIFT plan was initially introduced after the first round of merger talks with Praxair broke down, with Dr. Wolfgang Büchele, then CEO of Linde, indicating that the need for the company to manage costs was one of the main reasons that the Praxair/Linde merger was originally discussed.
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