Praxair Distribution Announces Price Increases Effective September 1, 2008
Praxair Distribution, Inc., a subsidiary of Praxair, Inc. (NYSE: PX), is notifying its industrial, medical and specialty gas cylinder customers in the U.S. and Canada of price increases effective September 1, 2008 or as otherwise permitted by customer contracts.
Increases will be up to:
— 30% for helium, hydrogen, fuel gases and rare gases
— 15% for oxygen, nitrogen, argon, carbon dioxide/dry ice and specialty gases
— 15% for cylinder rental and facility fees
— 5% for equipment and consumables
In some circumstances, price adjustments may be higher or lower than these percentages.
These actions are being implemented in response to rapidly escalating energy, fuel and other operational costs, current supply/demand imbalances and increases in the cost of capital goods required to support product supply to customers.
Praxair is the largest industrial gases company in North and South America, and one of the largest worldwide, with 2007 sales of $9.4 billion. The company produces, sells and distributes atmospheric, process and specialty gases, and high-performance surface coatings. Praxair products, services and technologies bring productivity and environmental benefits to a wide variety of industries, including aerospace, chemicals, food and beverage, electronics, energy, healthcare, manufacturing, metals and others. More information on Praxair is available on the Internet at www.praxair.com.