Tier One corporation Praxair, Inc. has announced yet another price rise on its products, affecting bulk gas and medical gas customers in North America.
Effective as of 1st January, 2017, or as contracts permit, the 15% price increase affects supplies of nitrogen, oxygen, argon, hydrogen, helium and carbon dioxide, as well as facility fees and rent.
A press release claimed these adjustments were in response to “rising costs” and that they will support the capital investment required for continued supply reliability of Praxair’s operations.
This is the third price increase in the last 12 months for Praxair. The company implemented a 10-20% price rise for bulk gases and facility fees at the beginning of 2016 with a further increase of 15% for bulk industrial gases in July.
Praxair outlined that individual price adjustments may be higher or lower in accordance with contract provisions.
Month on month the gasworld website continues to be the primary portal for information, on a global scale, about our industry - be it through the provision of news and features, or information in the expansive company directory section. Launched in 2004, it is the only independent online news provider and information portal for the global industrial gas community and the larger end-user markets. The website also now incorporates news for gasworld US and Specialty Gas Report.
To find out more about gasworld's advertising opportunities click here.