Praxair expects to grow 2014 earnings at double-digit rate Says looking selectively for tuck-in acquisitions for core business. Expects return on capital to trend upward in 2014. Sees FY BRL currency headwind >10%. Sees significant foreign currency headwinds. Expects to grow earnings at double digit rate in 2014. Expects acquisitions to generate 1% top-line growth this year. Sees U.S. pension tailwind of 5c per share, mostly offset by interest expense. Comments made during the company's Q4 earnings conference call.
Praxair signs long-term agreement with Castleton Commodities Praxair announced that it has signed a long-term agreement with Castleton Commodities International for the refining and purchase of helium. CCI owns and operates a gas processing facility and helium refinery in Utah. Praxair has been actively developing helium-rich natural gas fields in the region, including helium associated with a recently announced purchase agreement with Nacogdoches Oil & Gas. With Praxair's additional feedstock, CCI will restart its idled refinery, which can produce up to 150 million cubic feet per year of liquid helium.