Praxair Surface Technologies and GE Aviation Launch Joint Venture Company PG Technologies
October 17 2016 - 02:00PM
Business Wire
Praxair Surface Technologies, Inc., a wholly owned subsidiary of
Praxair, Inc. (NYSE: PX), and GE Aviation today announced the
formal creation of PG Technologies, LLC, a joint venture. Praxair
Surface Technologies and its subsidiary will hold the majority
interest in the venture with GE Aviation and its subsidiary holding
the remainder.
PG Technologies will focus on development, support and
application of specialized coatings tailored for GE Aviation’s and
CFM International’s current and future engine models, including the
GE9X and LEAP engines. CFM International is a 50/50 joint venture
company between GE and Safran Aircraft Engines of France.
“The formation of PG Technologies builds upon decades of
collaboration between Praxair Surface Technologies and GE Aviation.
This joint venture will take the leadership role in the next
generation of coating technology applications and will invest in
new coating production capacity to meet the needs of the burgeoning
aviation sector,” said PG Technologies Board Member and Praxair
Surface Technologies President Pierre Lüthi.
“PG Technologies will play an important role in GE Aviation’s
engine manufacturing system,” said Colleen Athans, vice president
and general manager of GE Aviation’s Supply Chain. “With engine
production volume levels growing, GE’s need for specialized
coatings will also increase, and this joint venture will ensure we
meet our commitments on the performance and durability of our
engines.”
Coating operations for PG Technologies will be based in
Ellisville, Mississippi, Indianapolis, Indiana, and the Republic of
Singapore. PG Technologies services will also be supported by the
global facility network of Praxair Surface Technologies.
About PG Technologies, LLC
PG Technologies, LLC focuses on the development, support and
application of specialized coatings tailored for GE Aviation’s
current and future engine platforms including GE9X and LEAP
engines. PG Technologies is headquartered in Indianapolis, Indiana,
with other coating operations in Ellisville, Mississippi, and the
Republic of Singapore.
About Praxair
Praxair, Inc., a Fortune 300 company with 2015 sales of $11
billion, is a leading industrial gas 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. Additional information about
Praxair Surface Technologies is available at
www.praxairsurfacetechnologies.com.
About Praxair Surface Technologies
Praxair Surface Technologies, with 2015 sales of $0.6 billion,
offers a comprehensive array of high-performance coatings and
technologies to the aviation, energy and other industries. By
continuously advancing coatings technologies, Praxair Surface
Technologies helps customers improve environmental performance,
decrease energy consumption, extend component life, improve
productivity, minimize downtime, reduce operating costs and produce
high-quality products. Additional information about Praxair Surface
Technologies is available at
www.praxairsurfacetechnologies.com.
About GE Aviation
GE Aviation, an operating unit of GE (NYSE: GE), is a
world-leading provider of jet and turboprop engines, components and
integrated systems for commercial, military, business and general
aviation aircraft. GE Aviation has a global service network to
support these offerings. For more information,
visit www.ge.com/aviation. Follow GE Aviation on Twitter
at http://twitter.com/GEAviation and YouTube
at http://www.youtube.com/user/GEAviation.
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version on businesswire.com: http://www.businesswire.com/news/home/20161017005961/en/
Praxair, Inc.Media:Jason Stewart, 203-837-2448orInvestor:Juan
Pelaez, 203-837-2213
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