Dallas, Texas 07/05/2013 (Financialstrend) – The shares of Praxair, Inc. (NYSE:PX) is currently trading at $115.35, up by 0.51%. Praxair Inc. (NYSE:PX) is an industrial supplier of gases, one of the largest worldwide and is based in the US. Praxair adopted its name from the Greek word “praxis”, standing for practical application, and “air”, as a primary raw material. The company provides distinctive, process and specialty gases and other related services to a large mixture of customers across the world. Praxair has more than 4,000 patents and operates in approximately 50 countries, in such diverse fields as food and beverages, metals, energy, chemicals, and other health care-related services.
Praxair, in collaboration with KuibyshevAzot, will be constructing a new energy-efficient air separation unit that will produce almost 1,400 tons of oxygen, argon and nitrogen. The Joint Venture will be producing oxygen, nitrogen and compressed dry air for KuibyshevAzot and will be expanding its caprolactam, fertilizer and ammonia production, liquid oxygen, as well as nitrogen and argon for sales to customers living in the Volga region. Approximately 2000 tonnes of oxygen will be produced per day after the implementation of this venture.
Praxair’s main motive is to make our surroundings healthier and better in terms of quality. Company’s total sales amounted to $11 billion in the year 2012.
Praxair is among leading gas companies, according to the Global Hydrogen Gas Market 2012-2016 report. The company is present both locally and globally, except for Australia;it is found in every major country worldwide and is well-established in Europe. In South America it is known as White Martin.China and India are currently the largest industrial gases manufacturers.