Praxair Announces Helium Price Increases
November 15 2017 - 8:30AM
Business Wire
Praxair, Inc. (NYSE:PX) is notifying bulk liquid helium
customers worldwide of increases in helium prices of up to 10%,
depending upon the region, effective January 1, 2018, or as
contracts permit. Price adjustments may be higher or lower than
this range in accordance with contract provisions.
This adjustment is in response to continuing cost inflation
impacting crude and refined helium, including the most recent U.S.
Department of the Interior, Bureau of Land Management (BLM)
announced price increase, as well as higher distribution costs
worldwide. Praxair continues to make investments and enhancements
in capacity and the efficiency of its helium operations worldwide;
this adjustment will further enable the company to continue to
deliver high levels of supply reliability.
About Praxair
Praxair, Inc. is a leading industrial gas company in North and
South America and one of the largest worldwide. With market
capitalization of approximately $40 billion and 2016 sales of $11
billion, the company employs over 26,000 people globally and has
been named to the Dow Jones® World Sustainability Index for 15
consecutive years. Praxair produces, sells and distributes
atmospheric, process and specialty gases, and high-performance
surface coatings. Our 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. For more
information about the company, please visit our website at
www.praxair.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20171115005769/en/
PraxairMedia:Jason Stewart,
203-837-2448jason_stewart@praxair.comorInvestors:Juan Pelaez,
203-837-2213juan_pelaez@praxair.com
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