By Stuart Radnedge2014-10-02T10:59:00+01:00
Airgas has announced that its operating units will increase prices on argon by up to 15%, effective November 1st or as contracts permit. Price adjustments may vary based on specific market conditions or contractual provisions.
“In recent years, there has been limited investment in new argon capacity in the US, and overall argon production has not been keeping pace with demand at a time when increasing activity in energy and infrastructure construction is driving up demand for the product.”
“As a result, our costs to secure and distribute argon from where we receive it to where it is needed by our customers are increasing,” said Airgas Chief Executive Officer Michael L. Molinini. “We continue to invest in production capacity and infrastructure to serve our customers as efficiently as possible and further ensure the reliability of our supply chain, but increasing demand for argon is likely to result in continued pressure on product and distribution costs for the foreseeable future.”
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