Praxair Signs New Contract with Deacero in Mexico
April 19, 2012
DANBURY, Conn. and MONTERREY, Mexico, April 19, 2012 – Praxair Mexico, a subsidiary of Praxair, Inc. has signed a new contract with Deacero, a leading Mexican steel company, to supply oxygen, argon and nitrogen to a new plant being built in Ramos Arizpe, Coahuila, a major industrial region in north Mexico. Praxair will build, own and operate a new state-of-the-art and energy efficient cryogenic air separation unit with a capacity of 500 tons per day which is expected to start up in the first semester of 2014. The steel plant will produce 1.5 million tons of steel per year.
With this new plant Praxair is expanding its capacity in this important industrial region of Mexico with a reliable, cost competitive and world class industrial gas supply and logistics network to serve current customers as well as future growing demand.
“We are happy to have Praxair as a key supplier to our new steel plant and look forward to a joint effort that results in innovative solutions and productivity gains that benefit both companies,” said David Gutiérrez, Deacero’s general director of operations.
“Praxair Mexico is proud to be awarded this new contract and is committed to providing Deacero and the Mexican market with cutting edge technology, high quality products and reliable world class gas supply services in order to support its growth, productivity and environmental initiatives,” said Murilo Melo, president and general director of Praxair Mexico and Central America.
Deacero is a leading steel company in Mexico and one of the largest wire rod producers in the world. It produces a wide range of steel products for several segments including agro-industry, construction and general industry. Deacero competes worldwide and has exported its products for more than 25 years to North, Central and South America, the Caribbean, and several countries in Europe. With more than 50 years of experience and technology development, the company is committed to productivity, process improvement, customer orientation, product quality and innovation.
About Praxair Mexico
Praxair Mexico is a leading industrial and medical gas provider in Mexico, operating as a global company with local efficiency and world class capabilities. It operates more than 300 production, distribution and sales sites, has 2,500 employees and serves more than 35,000 customers in a wide range of industries.
About Praxair, Inc.
Praxair, Inc., (NYSE: PX), is the largest industrial gases company in North and South America, and one of the largest worldwide, with 2011 sales of approximately $11 billion. 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, metals and others. More information on Praxair, Inc. is available on the Internet at www.praxair.com.