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Stock Market & Financial Investment News

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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April 27, 2015
09:32 EDTPXPraxair signs contract to provide gases to CNOOC
Praxair (PX) announced it has signed a long-term contract to provide industrial gases to the China National Offshore Oil Company (CEO). "The project, expected to start up in 2017, will enable the reliable and efficient supply of industrial gases for CNOOC’s refinery and downstream chemical production," it stated. Praxair will build, own and operate two 2,400 tons per day air separation plants in the Huizhou Daya Bay Chemical Industrial Park, located in Huizhou, Guangdong, China.

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