Praxair, Inc. (NYSE:PX) is notifying bulk and packaged industrial, medical, and specialty gas customers in the United States, Canada, and Puerto Rico of price increases, effective July 15, 2014, or as contracts permit, as follows:
- Up to 15% for nitrogen, oxygen, hydrogen, helium, and carbon dioxide
- Up to 10% for facility fees or monthly bulk product charges and cylinder rental rates
- Up to 10% on hardgoods
Price adjustments will vary as permitted by individual supply contracts.
These adjustments are required to offset continuing escalation of costs for production, distribution, feedstock sourcing and other operational factors. Praxair continues to invest to support the growth of its customers and maintain reliable supply.
About PraxairPraxair, Inc., a Fortune 250 company with 2013 sales of $12 billion, is the largest industrial gases 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, metals and many others. More information about Praxair, Inc. is available at www.praxair.com.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts