Latest In Praxair

Praxair, Inc., Danbury, CT, reported first quarter sales of $2.6 billion, up 22% from the first quarter 2007. Profit was $307 million.
 
Growth came primarily from new business, plant start-ups, and strong pricing trends.
 
In North America, first-quarter sales reached $1.4 billion, 21% above the prior year. Sales grew in all major end markets, led by energy and general manufacturing.
 
In Europe, sales in the first quarter of $390 million grew 18%. Currency effects contributed 13% to sales growth. Underlying sales growth came primarily from growth in merchant and packaged gases volumes in Spain, Italy, and Germany.
 
In South America, first-quarter sales of $466 million grew 34% versus the prior-year quarter due to higher prices and volumes, …

Praxair Distribution, Inc.,, Danbury, CT, a subsidiary of Praxair, Inc., announced discount reductions and price increases for its industrial, medical and specialty gas cylinder customers in the U.S. and Canada.

Increases will be up to 30% for helium, fuel gases and rare gases; 15% for argon, hydrogen and carbon dioxide/dry ice; 10% for oxygen, USP oxygen, nitrogen and nitrous oxide; and 15% for cylinder rental and facility fees.
 
Praxair said the price increases were due in part to escalating labor, energy and fuel costs and reflect the limited global availability of raw materials for certain products, particularly helium.

Praxair, Inc. is an industrial gases company with 2007 sales of $9.4 …

Praxair, Inc., Danbury, CT, reported third-quarter 2007 sales of $2.37 billion, 13% above the prior-year period. Profit grew 23% to $305 million.
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Sales were led by strong growth in Asia and South America from new business and project start-ups, and continued stable growth in North America.
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In North America, third-quarter sales reached $1.3 billion, 10% above the prior year. Growth came primarily from higher sales to energy and general manufacturing markets.
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In Europe, third-quarter sales of $325 million increased 11%, and 4% excluding currency effects, versus the prior year. Underlying sales growth came from all major regions and end-markets.
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In South America, third-quarter sales of $419 million grew 23% from the prior-year …

Praxair China has announced plans to build a specialty gases facility in the Nanjing Science Park, in Nanjing, China.
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This facility will allow Praxair to dramatically increase its presence in the rapidly growing Chinese specialty gas markets,” said David Chow, president of Praxair China. “With the addition of high-purity gases, calibration gases and ultra-high-purity gases for the electronics segment, this facility will also be capable of producing complex mixtures for research laboratories and emission testing centers being developed throughout China.”
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The facility is scheduled to start up in August 2008. Markets served will include the petrochemical, automobile, lighting, and pollution control industries as well as laboratories and research centers. In a …

Industrial gases company Praxair, Inc., Danbury, CT, has agreed to sell its majority interest in Maxima Air Separation Center Ltd., Ramat Gan, Israel, to Discount Investment Corporation Ltd., one of Israel’s largest holding companies, a part of the IDB Group.
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DIC already holds an interest in Maxima.
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Maxima has two air separation plants and had sales of $23 million in 2006. Following the sale, Maxima will continue to serve as a distributor of Praxair’s products in Israel and will continue to have access to certain Praxair technology. Under the agreement, Maxima will be defined as a Praxair technology associate.
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Praxair had 2006 sales of $8.3 billion. The company produces, sells and distributes atmospheric, process and specialty gases, and …

Praxair, Inc., Danbury, CT, reported sales in the second quarter 2007 increased to $2.3 billion, 12% above the same period a year ago. Sales growth was led by significant new business coming on-stream in the energy sector and new business in Asia and South America.
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Profit was up 18% to $291 million.
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In North America, second-quarter sales reached $1.3 billion, 12% above the prior-year quarter. Sales growth came primarily from higher sales to energy and general manufacturing markets, followed by electronics, healthcare and food and beverage.
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In Europe, sales in the quarter of $336 million grew 14%, and increased 6% excluding currency effects, as compared to the prior year. Underlying sales growth was broad-based across Europe and most major end …

Praxair, Inc., Danbury, CT, reported sales in the first quarter 2007 rose 8% from the prior-year quarter, excluding the effect of lower natural gas prices passed through in hydrogen prices. Profit rose 18%.
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Higher overall pricing and volumes across all major end markets contributed to the increase.
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In North America, first-quarter sales reached $1,205 million, 5% above the prior-year quarter excluding the effect of lower natural gas prices passed through in hydrogen prices. Sales growth came primarily from energy and general manufacturing markets, where demand continues to be strong for new gases applications.
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In Europe, sales in the quarter of $330 million grew 23%, and increased 14% excluding currency effects. Underlying sales growth …

Industrial gases producer and distributor Praxair, Inc., Danbury, CT, reported sales of $8.3 billion for 2006, an increase of 10% over last year. In North America, sales reached $4.6 billion for the year, up 9%.

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Sales in the fourth quarter were $2.123 billion, up 9% from the same period a year ago. In North America, fourth-quarter sales hit $1.182 billion, up 6%.

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Praxair achieved strong growth from new business and the start-up of new supply systems in every geography and end market.

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Sales growth occurred in most major end markets and the company completed seven major projects in 2006. Additionally, the number of new projects underway and set to come on stream in the next several years increased significantly …