Praxair Announces Price Increases for Argon Effective May 15, 2014
30 April 2014 - 11:00PM
Business Wire
Praxair, Inc. (NYSE:PX) is notifying bulk and packaged
industrial, and specialty customers in the United States and Puerto
Rico of price increases, effective May 15, 2014, or as contracts
permit, as follows:
- Up to 20% for argon
- Up to 15% for argon facility fees or
monthly bulk product charges
Price adjustments will vary as permitted by individual supply
contracts.
Over the past few years, argon demand has exceeded capacity
requiring investments in production capacity upgrades and
additional distribution resources. The combination of these and
other investments to enhance reliability of supply have increased
argon costs significantly.
About Praxair
Praxair, Inc., a Fortune 250 company with 2013 sales of $12
billion, is the largest industrial gases company in North and South
America and one of the largest worldwide. The company produces,
sells and distributes atmospheric, process and specialty gases, and
high-performance surface coatings. Praxair products, services and
technologies are making our planet more productive by bringing
efficiency and environmental benefits to a wide variety of
industries, including aerospace, chemicals, food and beverage,
electronics, energy, healthcare, manufacturing, metals and many
others. More information about Praxair, Inc. is available at
www.praxair.com.
Praxair, Inc.Media:Kristen McCarthy,
203-837-2371kristen_mccarthy@praxair.comorInvestors:Kelcey Hoyt,
203-837-2118kelcey_hoyt@praxair.com
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