Praxair Starts up New Air Separation Plant in India

  Praxair Starts up New Air Separation Plant in India

Business Wire

BANGALORE, India -- January 18, 2013

Praxair India Private Limited, a subsidiary of Praxair, Inc. (NYSE:PX),
India’s leading industrial gases supplier, announced the start-up of its third
production facility to supply Usha Martin Limited, India’s leading wire and
wire rope manufacturer. The plant will supply gaseous oxygen and nitrogen to
support Usha Martin’s expansion.

The new plant utilizes Praxair’s energy-efficient technology and has a
production capacity of approximately 130 tons per day of gaseous oxygen and 65
tons per day of gaseous nitrogen. Praxair India has supported Usha Martin’s
Jamshedpur steel mill since 2000, where the company has been operating two
oxygen plants with a capacity of 220 tons per day of oxygen.

“Praxair has been serving the global iron and steel industry for over 70
years,” said Mr. Asit Gangopadhyay, managing director of Praxair India. “Usha
Martin is a leading specialty steel manufacturer in India and we are proud to
have been chosen to be part of their expansion,” added Mr. Gangopadhyay.

“To support our expansion plans, we need technically strong and reliable
suppliers,” said Dr. Vijay Sharma, joint managing director, Usha Martin
Limited. “We have been highly satisfied with Praxair’s services over the years
and are confident that their global expertise in industrial gases will help us
meet the growing demand for our products.”

“We value Praxair’s energy-efficient air separation plant design and execution
capabilities, as well as their commitment to safety and operational
efficiency,” said Mr. Rajeev Jhawar, vice chairman and managing director, Usha
Martin Limited. “We believe this will support us in achieving our long-term
operational goals.”

About Praxair India

Praxair India, a wholly owned subsidiary of Praxair Inc., started operations
in 1996 and is headquartered in Bangalore. Praxair has invested over Rs.2,500
Crores (US$565 million) in India to meet the country’s growing industry
requirements and has evolved into India’s largest industrial and medical gases
supplier serving varied industry segments including steel, refineries,
petrochemicals, glass, automobile, shipbuilding and healthcare. Praxair India
has 35 locations across the country employing more than 600 people.

About Praxair

Praxair, Inc. 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 is available on the Internet at
www.praxair.com.

Contact:

Praxair
Kelcey Hoyt, Investors (203) 837-2118 - kelcey_hoyt@praxair.com
Jacqueline Hunt, Media (203) 837-2663 - jacqueline_hunt@praxair.com
 
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