September 2, 2008
Praxair China Expands Supply Agreement With Shaoguan Iron & Steel Group Co., Ltd.
Praxair (China) Investment Co., Ltd. has signed a long-term supply agreement with Guangdong Shaoguan Iron & Steel Group Co., Ltd (Shaoguan Steel). Under this contract, Praxair China will build a large air separation plant to go on stream in mid-2010.
The new plant will supply oxygen, nitrogen and argon for Shaoguan Steel's increased production capacity. The plant will be the fourth Praxair air separation unit constructed at Shaoguan Steel and will increase Praxair's total production capacity to 3,550 metric tons of oxygen per day.
Praxair China has been supplying gases to the rapidly-growing Shaoguan Steel, one of China's key industrial enterprises, for nearly 10 years.
"We're honored to play a continuing role in supporting the growth and success of the leading steel supplier in Guangdong province," said David Chow, president of Praxair China.
About Praxair China
Praxair (China) Investment Co., Ltd is a leading industrial gas provider in China. It is headquartered in Shanghai, has 15 wholly owned companies, 10 joint ventures and over 1,200 employees in the country with 2007 sales above $300 million. More information on Praxair China is available on the Internet at www.praxair.cn
Praxair, Inc. (NYSE:PX) 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.