Posted March 1, 2011
Praxair to raise prices
Praxair Inc. announced price increases of up to 20 percent on bulk and packaged industrial gas sold to customers in the United States and Canada.
The increases, which will take effect March 15, or as contracts permit, include up to 15% for nitrogen, oxygen, argon, hydrogen, and carbon dioxide; up to 20% for helium; up to 15% for facility fees or monthly bulk product charges and cylinder rental rates; up to 6% on equipment and consumables.
Price adjustments may be higher or lower than these ranges in accordance with contract provisions.
These adjustments are being implemented in response to continuing premium production, distribution and feedstock sourcing costs; current supply/demand imbalances in some products; hardgoods vendor increases; and to improve and maintain infrastructure necessary to reliably supply our customers.
Praxair Inc. is the largest industrial gases company in North and South America, and one of the largest worldwide, with 2010 sales of $10 billion.
