Praxair Announces Price Increases Effective June 1, 2015
May 15, 2015
DANBURY, Conn., May 15, 2015 – Praxair, Inc. (NYSE: PX) is notifying packaged industrial, specialty, medical gas and bulk gas customers in the United States, Canada and Puerto Rico of price increases effective June 1, 2015, or as contracts permit, as follows:
- Up to 15% for nitrogen, oxygen and carbon dioxide
- Up to 20% for argon and hydrogen
- Up to 15% for facility fees or cylinder rental rates
- Up to 5% on hardgoods
Price adjustments may be higher or lower in accordance with individual contract provisions.
These adjustments are in response to rising operational costs for all products and will support capacity expansion and infrastructure reinvestment.
Praxair, Inc., a Fortune 250 company with 2014 sales of $12.3 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, primary metals and many others. More information about Praxair, Inc. is available at www.praxair.com.