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News Breaks
April 30, 2014
09:01 EDTPXPraxair announces price increases for argon, effective May 15
Praxair is notifying bulk and packaged industrial, and specialty customers in the United States and Puerto Rico of price increases, effective May 15, or as contracts permit, as follows: Up to 20% for argon; Up to 15% for argon facility fees or monthly bulk product charges. Price adjustments will vary as permitted by individual supply contracts. Over the past few years, argon demand has exceeded capacity requiring investments in production capacity upgrades and additional distribution resources. The combination of these and other investments to enhance reliability of supply have increased argon costs significantly.
News For PX From The Last 14 Days
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October 1, 2015
08:13 EDTPXPraxair valuation attractive, says SunTrust
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September 29, 2015
09:31 EDTPXPraxair 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.
September 24, 2015
09:30 EDTPXPraxair acquiers Tecnogas, terms not disclosed
Praxair announced that it has acquired Tecnogas, a local producer and distributor of carbon dioxide and industrial gases in Peru. Financial terms of the transaction were not disclosed. With annual revenue of approximately $10M, Tecnogas serves almost four hundred customers across a variety of end markets including food and beverage, healthcare and metal fabrication. Additionally, Tecnogas owns and operates three carbon dioxide production plants that Praxair will use to serve the growing demand for the gas in the country.
08:13 EDTPXPraxair volatility flat as shares near three-year low
Praxair October and November call option implied volatility is at 23; compared to its 52-week range of 14 to 34, suggesting non-directional price movement.
September 23, 2015
15:44 EDTPX52-week low stocks with active options: WYNN SNCR PX MON MOS DECK
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08:10 EDTPXMallinckrodt says USPTO grants requests for trial by Praxair
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