• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

Industrial Chemicals Manufacturer Praxair Brings Record Quarterly Income From Strong International Sales, an Industrial Info News Alert

Posted on: Thursday, 30 October 2008, 09:00 CDT

Researched by Industrial Info Resources (Sugar Land, Texas) -- On October 29, Praxair Incorporated (NYSE:PX) (Danbury, Connecticut), a global supplier of industrial gases, reported positive earnings for the third quarter of 2008. The company announced net profits of $355 million for the quarter, up from $305 million in the same period last year. This gain comes even after losses from hurricanes Gustav and Ike. Praxair estimates the two hurricanes brought $10 million of lost operating profits, primarily from a loss of hydrogen sales while customers' plants remained closed and without power. Strong sales of hydrogen outside of the hurricanes helped boost the Praxair's sales figures, however. Industrial Info is currently tracking $860 million of projects of Praxair and its subsidiaries.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=140654, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to chemicalsgroup@industrialinfo.com or visit us online at www.industrialinfo.com.

Related News Articles

Olin Posts $37.7 Million Profit from Strong Chlor-Alkali Performance Despite Hurricane Disruptions

Texas Expects to Keep its Leading Role in 2009 Chemical Project Spending

Third Quarter Produces the Highest Number of Grassroot Chemical Plant Start-Ups of the Year

 Contact: Joe Govreau 713-783-5147  

SOURCE: Industrial Info Resources

Source: MARKET WIRE

More News in this Category