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TheStreet Open House

Praxair China Signs Contract With Oxiranchem Yangzhou

Stocks in this article: PX

Praxair China has signed a long-term contract with Oxiranchem Yangzhou Co., Ltd. to supply on-site industrial gases to their chemical park located in the Jiangsu province.

Oxiranchem Yangzhou Co., Ltd. is a wholly-owned subsidiary of Liaoning Oxiranchem, Inc., a National Key High-Tech Enterprise of China in the fine chemical industry. Oxiranchem produces ethylene oxide, fine chemicals and related derivatives.

Praxair China will construct and operate an air separation plant with a capacity of 500 tons per day of oxygen, which is planned to start-up in 2014. The plant will supply oxygen and nitrogen to the Yangzhou Chemical Industry Park for the production of 200,000 tons per year of ethylene oxide and 300,000 tons per year of derivative fine chemicals at the Oxiranchem Yangzhou Co., Ltd. project located within the same park.

“We are proud to demonstrate our strong commitment to Oxiranchem’s project in the Jiangsu province,” said Dr. Minda Ho, president of Praxair China. “And, we are honored to be selected as the pipeline industrial gases supplier for Yangzhou Chemical Industry Park.”

About Praxair China

Praxair (China) Investment Co., Ltd is a leading industrial gas provider in China headquartered in Shanghai. It has 22 wholly owned companies, 10 joint ventures and over 1,400 employees in the country. More information on Praxair China is available on the Internet at www.praxair.cn.

About Praxair

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 $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.

About Oxiranchem

Liaoning Oxiranchem, Inc. is a high-tech industrial company focused on research, production and sale of ethylene oxide derivative fine chemicals. Its leading products are crystalline silicon cutting liquid for photovoltaic industry, water reducing agent for high-performance cement, polyethylene glycol, etc. It’s National Innovative Enterprise and National Key High-Tech Enterprise of PRC. More information about Oxiranchem is available on the Internet at www.oxiranchem.com .

Copyright Business Wire 2010

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