- Honeywell names Intek Turkmenistan gas distributor
- Russia ASU start-up plans for Air Liquide
- Big growth predicted for LNG market
- Siemens awarded agreement for Santos’ GLNG project
- Third deal between Iwatani and Praxair
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Latest financial news
Linde profits up 6.2% in first quarter
Increase of €808m in profits in line with 2012 target of “increasing revenue and operating profit expectation”.
Airgas reports record fourth quarter earnings
Full year earnings are also a record high with new roles for Airgas founder Peter McCausland and Michael L. Molinini.
Foster Wheeler reports $17.6m rise in income
First quarter for 2012 amounts to $40.6m per diluted share, compared to $23m in the first quarter of 2011 – or $0.38 per diluted share in the first quarter of 2012 compared to $0.18 during the same time frame last year.
Breakdown of how Messer broke the billion barrier
In fiscal year 2011 the largest privately managed industrial gas company, Messer, was able to increase its sales by 13% when compared to the previous year to more than one billion euros.
Billion barrier broken for first time in record year for Messer
In fiscal year 2011 the largest privately managed industrial gas company, Messer, was able to increase its sales by 13% when compared to the previous year to more than one billion euros.
Latest mergers & acquisitions
Air Products completes DuPont acquisition
The North American industrial gas company, Air Products, has publicised the completed acquisition of DuPont’s stake in DuPont Air Products NanoMaterials LLC JV.
Airgas acquires Nordan Smith
Airgas, Inc. has acquired the assets and operations of Industrial Welding Supplies of Hattiesburg, LLC, which is doing business as Nordan Smith.
Air Liquide acquires 75% shares in Moscow stronghold, LOGIKA
Air Liquide completes 75% share acquisition of LOGIKA – a regional industrial gas producer for bulk and packaged gases for industrial and medical markets.
REGO invests in Integrated Gas Technologies (IGT) of Denmark
RegO Products has made a significant investment in Integrated Gas Technologies (IGT) of Denmark, allowing the company to grow it’s reach and market share in this market.
Company profiles
Adanac – 25 years of process valve solutions Subscription
Adanac has been involved in cryogenics since 1986. Over this time the company has worked to understand how materials behave and perform at such extreme temperatures and apply this scientific understanding to developing valve products suitable for use with cryogenic applications.
Poll
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Fiscal reports
Praxair reports 5% profit growth for first quarter of 2012
Sales in the first quarter were $2.840m, an increase of 5% compared to $2.702m in the previous year.
Air Products profits in second quarter 'below expectations'
However, Chairman, President and CEO, John McGlade said there was, “positive impact from… pricing efforts and new plants.”
EBITDA pulls down Foster Wheeler's 2011 net income
Foster Wheeler AG, the Swiss global engineering, construction contractor and power equipment supplier has revealed a decline in quarterly fiscal results for 2011 - attributed in part to lower EBITDA.
TNSC reduces forecast after latest fiscal results
Taiyo Nippon Sanso Corporation, TNSC has released its fiscal report for the first three quarters of 2012, certain sectors have seen sales depreciate.
Recent appointments
Promotion for Butler Gas recent recruit
Butler Gas Products of Pennsylvania has just announced the promotion of Bob Urie from General Manager of Purchasing and Branch Operations to the new Vice President of Operations.
Airgas names Doug Sherman Vice President of Communications
Pennsylvanian based North American industrial gas company, Airgas, Inc., has appointed Doug Sherman Vice President of Communications.
Industrial Scientific promotes Kevin Miller to COO and VP
Gas detection expert, Industrial Scientific Corporation has promoted Kevin Miller to Chief Operating Officer and Vice President. This marks the second high level appointment for the firm in recent weeks.
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Further financial news
Praxair Mexico to build 500tpd cryogenic ASU
Praxair Mexico has entered into a supply contract with leading Mexican steel company, Daecero. Praxair will provide oxygen, argon and nitrogen to facilitate Daecero’s 1.5m tons of steel per year target.
European Commission approves Linde homecare purchase
The European Commission has approved of Linde AG’s purchase of Air Products’ Continental-European homecare business. The deal, which has an enterprise value of €590m and was given unconditional approval yesterday 18th April, is expected to be closed by the end of this month.
ASCO Carbon Dioxide acquires 20% share of HTC Purenergy
ASCO Carbon Dioxide Ltd., a Messer Schweiz AG subsidiary, has announced a long-term agreement with HTC Purenergy Inc.
