Praxair Starts Up New Air Separation Unit In Colombian Industrial Complex
Praxair, Inc. (NYSE: PX) has started up a new air separation plant in the free trade zone of Gran Sabana, 50 km from Bogota, Colombia. The plant has the capacity to produce 200 tons of oxygen, nitrogen and argon per day and will be part of Praxair's new industrial complex, which will now serve as the company’s new Colombia headquarters. This industrial complex also includes a modern cylinder filling station, a specialty gases production facility and a shared service center.
The new complex will supply Gerdau’s Colombia plant. Gerdau is a leading producer of long steel in the Americas and one of the largest suppliers of special steel in the world. Praxair’s air separation unit will also produce liquid oxygen, nitrogen and argon to the local market, in segments such as oil and gas, manufacturing, chemicals, food and beverage and medical.
"This project reaffirms our commitment to the economic development and the reliability of our services throughout the region,” said Domingos Bulus, president of Praxair in South America. “We will continue to focus on increasing the productivity of our clients through operational excellence. The new industrial complex will foster greater agility and efficiency in our operations.”
This is Praxair's third cryogenic air separation plant in Colombia. The company has production facilities located in all the regions of the country, which ensures supply reliability throughout Colombia.
Praxair, Inc. is the largest industrial gases company in North and South America, and one of the largest worldwide, with 2011 sales of $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.Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
