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Stock Market & Financial Investment News

News Breaks
January 28, 2014
09:09 EDTPXPraxair signs long-term supply agreement in Brazil
Praxair has signed a long-term contract to supply industrial gases to a new steel mill being built near the Port of Pecem in an international free trade zone in the state of Ceara, located in the northeast region of Brazil. The mill will be operated by Companhia Siderurgica do Pecem, a joint venture between Brazilian Vale and South Korean Dongkuk Steel and Posco Steel. Praxair will build, own and operate a 2,400 tons per day cryogenic plant that will produce gaseous and liquid oxygen, nitrogen and argon. The plant will enable CSP to produce an expected 3M tons of steel slabs annually, which will largely be exported for further processing by CSP’s Korean partners. The plant is expected to start up in 2016. The new plant will also serve merchant and packaged gas customers in a variety of sectors across the northern and northeastern regions of Brazil, including food and beverage, metal fabrication, healthcare and automotive.
News For PX From The Last 14 Days
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October 16, 2014
15:30 EDTPXPraxair announces price increases, effective November 1
Praxair is notifying bulk industrial gas customers in the United States of price increases of up to 10% for nitrogen, oxygen, argon, hydrogen and carbon dioxide effective November 1, or as contracts permit. These adjustments will address higher production and distribution costs. Praxair is also reducing or eliminating discounts on premium cost products. Price adjustments will vary as permitted by individual supply contracts

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