Praxair Signs Contract with Evraz in Russia
January 12, 2011
DANBURY, Conn., January 12, 2011 — Praxair Rus, a subsidiary of Praxair, Inc. (NYSE: PX), has entered into a contract to supply oxygen, nitrogen and argon to NTMK, a division of the EVRAZ Group, a leading global steel company with its main steel production facilities in Russia. Praxair will build new, energy-efficient air separation plants and supply more than 3,000 tons per day of industrial gases to NTMK in Nizhniy Tagil, the center of the industrial region of Sverdlovsk in central Russia. The new plants are scheduled to start up in late 2013 and will replace older air separation plants and produce liquid products for the local market.
“Praxair is pleased to be selected by Evraz to be part of their program to modernize and expand its facility in Nizhniy Tagil,” said Todd Skare, president of Praxair Europe. “Outsourcing of the gas supply allows Evraz to focus on their core skills of steel making while gaining operational reliability and savings over the life of the facility.”
Dmitry Sotnikov, Evraz’s vice president and head of the Urals Division, said, “Optimization and efficiency improvement are among Evraz’s priorities. Cooperation with Praxair will allow Evraz to focus on its core business and will enhance reliability of industrial gas supplies to NTMK.”
Evraz Group S.A. is a large vertically-integrated steel, mining and vanadium business with operations in the Russian Federation, Ukraine, Europe, U.S., Canada and South Africa. The company was ranked the 14th largest steel producer in the world based on crude steel production of 15.3 million tonnes in 2009. Evraz’s internal consumption of iron ore and coking coal is covered by its mining operations. Evraz's consolidated revenues for the nine months ended 30 September 2010 were US$9,729 million and consolidated adjusted EBITDA amounted to US$1,766 million. For further information contact email@example.com.
Praxair is the largest industrial gases company in North and South America, and one of the largest worldwide, with 2009 sales of $9 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.