Airgas, Inc. (NYSE: ARG) today announced that beginning July 1, 2014, or as contracts permit, its operating units will increase prices on bulk and packaged industrial, medical, and specialty gases by 5 – 15% and on argon by up to 25%. Welding hardgoods and safety products prices will increase by 3 – 5%, and delivery and other service fees will also be adjusted. Cylinder and bulk tank rental rates will increase by 5 – 15% effective June 1, 2014, or as contracts permit. Some price adjustments may be outside of these ranges based on specific market conditions.
“Our actions are in response to cost pressure on several fronts, including production expenses, supplier costs, labor and benefits, and regulatory compliance. In addition, persistent imbalances in supply and demand for certain products, particularly argon, are affecting distribution expenses, while natural gas and power costs continue to rise,” said Airgas President and Chief Executive Officer Michael L. Molinini. “We are working to mitigate rising costs by investing in technology and infrastructure to more efficiently serve our customers and further ensure the unmatched reliability of our supply chain and safety practices.”
About Airgas, Inc
Airgas, Inc. (NYSE: ARG), through its subsidiaries, is one of the nation’s leading suppliers of industrial, medical and specialty gases, and hardgoods, such as welding equipment and related products. Airgas is a leading U.S. producer of atmospheric gases with 16 air separation plants, a leading producer of carbon dioxide, dry ice, and nitrous oxide, one of the largest U.S. suppliers of safety products, and a leading U.S. supplier of refrigerants, ammonia products, and process chemicals. More than 16,000 employees work in approximately 1,100 locations, including branches, retail stores, gas fill plants, specialty gas labs, production facilities and distribution centers. Airgas also markets its products and services through e-Business, catalog and telesales channels. Its national scale and strong local presence offer a competitive edge to its diversified customer base. For more information, please visit
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