Praxair China Signs Supply Contract With Zhenshi Group
April 30, 2008
SHANGHAI, China, April 30, 2008 — Praxair (China) Investment Co., Ltd., has signed a contract with Zhenshi Group Eastern Special Steel Co., Ltd. to supply oxygen, nitrogen and argon for its 500,000-ton stainless steel project. Praxair will build a new air separation plant in Jiaxing with a capacity of 400 tons per day. The plant is scheduled to start up in mid-2009. In addition to supplying Eastern Special Steel, Praxair will produce by-product liquids to meet the growing demand of the neighboring markets.
With guests from Jiaxing Municipality, Nanhu District Government, XinFeng Town, Zhenshi Group and Praxair China, a signing and groundbreaking ceremony was held at Eastern Special Steel's plant on April 29.
"Winning this contract provides us with the opportunity to both demonstrate our world-class quality, service and technology to Eastern Special Steel and support the regional economic development of Jiaxing," 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 and has 15 wholly owned companies and 10 joint ventures in China. 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.