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Praxair Announces Helium Price Increase in China

Praxair (China) Investment Co., Ltd
2006-12-12 16:39 3996

SHANGHAI, Dec. 12 /Xinhua-PRNewswire/ -- Praxair China today announced it

is notifying its helium gas customers in China of helium gas price increase

of 25 percent. The increase shall be effective December 15th 2006, or as

otherwise permitted by the terms and conditions of customer contracts.

The increase is being implemented in response to strong demand as well as

continued fuel, logistics and other operational cost pressures, especially

the high cost of crude gas and refined liquid purchases. Praxair has taken

this action as an effort to ensure customer reliability and service in the

tight supply market of these products.

About Praxair China

Praxair (China) Investment Co., Ltd is a leading industrial air provider

in China. It is headquartered in Shanghai and has 13 solely invested

companies and 11 joint ventures in China. More information on Praxair China

is available on the Internet at http://www.praxair.com.cn .

About Praxair

Praxair is the largest industrial gases company in North and South

America, and one of the largest worldwide, with 2005 sales of $7.7 billion.

The company produces, sells and distributes atmospheric, process and

specialty gases, and high-performance surface coatings. Praxair products,

services and technologies bring productivity 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

http://www.praxair.com .

Source: Praxair (China) Investment Co., Ltd
Keywords: Oil/Energy
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