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Last $111.82 USD
Change Today -1.16 / -1.03%
Volume 1.3M
PX On Other Exchanges
As of 8:04 PM 07/27/15 All times are local (Market data is delayed by at least 15 minutes).

praxair inc (PX) Snapshot

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09/19/14 - $134.06
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07/27/15 - $111.54
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praxair inc (PX) Details

Praxair, Inc. produces, sells, and distributes atmospheric, process, and specialty gases, as well as surface coatings in North America, Europe, South America, and Asia. The company offers atmospheric gases, such as oxygen, nitrogen, argon, and rare gases; and process gases comprising carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene. It also designs, engineers, and builds equipment that produces industrial gases; and manufactures precious metal and ceramic sputtering targets used primarily in the production of semiconductors. In addition, the company supplies wear-resistant and high-temperature corrosion-resistant metallic and ceramic coatings and powders to the aircraft, energy, printing, primary metals, petrochemical, textile, and other industries. Further, it provides electric arc, plasma, and high-velocity oxy-fuel equipment; and distributes hardgoods and welding equipment purchased from independent manufacturers. The company sells its products primarily through independent distributors. It serves various industries, such as healthcare, petroleum refining, computer-chip manufacturing, beverage carbonation, fiber-optics, steel making, aerospace, chemicals, and water treatment. The company was founded in 1907 and is headquartered in Danbury, Connecticut.

27,780 Employees
Last Reported Date: 02/27/15
Founded in 1907

praxair inc (PX) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.3M
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $500.0K
Executive Vice President and President of US ...
Total Annual Compensation: $575.0K
Executive Vice President
Total Annual Compensation: $552.5K
Compensation as of Fiscal Year 2014.

praxair inc (PX) Key Developments

Praxair Inc. Announces the Introduction of its Patented OPTIMELTTM thermochemical Regenerator System

Praxair Inc. announced the introduction of its patented OPTIMELTTM thermochemical regenerator system. The company’s technology productively recovers waste energy from furnace flue gases, reducing emissions and improving the energy efficiency of glass production. Through the process, incoming natural gas is heated and reacted with a portion of waste flue gas to produce a hot syngas fuel that captures both the heat and chemical potential of the waste stream. This process can result in a reduction in fuel consumption of up to 20% compared to oxy-fuel glass furnaces and as high as 30% when compared to air-fuel furnaces. In addition to increased productivity, reduced emissions and fuel savings, the OPTIMELT system delivers operational benefits that help ensure production of high-quality glass. The OPTIMELT system equipment is custom designed by Praxair and can be installed with new furnaces or retrofitted to existing facilities. Praxair’s OPTIMELT system is being made available market-wide for glass melting furnaces and has been proven on a commercial scale in a glass-melting furnace at Grupo Pavisa in Mexico.

Praxair and Delaware City Refining Sign Long-Term Supply Agreement for Refinery’s Carbon Dioxide

Praxair Inc. has signed a long-term agreement with Delaware City Refining Company in which Praxair will purchase crude carbon dioxide from the refinery. Praxair will build, own and operate a 450-ton-per-day carbon dioxide purification and liquefaction plant at the refinery, producing beverage-quality liquid carbon dioxide for distribution into the Northeastern U.S. merchant market. Praxair already supplies Delaware City Refining with nitrogen for its operational needs. This new carbon dioxide source, which will begin serving customers in 2016, further strengthens Praxair’s supply position in the Northeast. Praxair previously started up a 450-ton-per-day carbon dioxide purification facility in Hopewell, Virginia, and also operates carbon dioxide facilities in Southeastern Canada.

Praxair Inc. Will Build New Air Separation Unit Supporting its Detroit, Michigan, Area Pipeline System

Praxair Inc. announced it will build a new air separation unit (ASU) supporting its Detroit, Michigan, area pipeline system to meet the growing demand for industrial gases from customers in the region as well as rare gas customers worldwide. This expansion coincides with renewals of multiple existing pipeline customer agreements. The project will include the installation of operating equipment and systems. The new 1,650 tons per day plant will begin operations in 2017 and will supply existing pipeline customers with improved efficiency and continued reliability. The plant will also produce liquid oxygen, nitrogen, argon and rare gases for use by hospitals, food processors, and industrial companies supplying the automobile industry.


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