Praxair is notifying bulk and packaged industrial, and specialty customers in the United States and Puerto Rico of price increases, effective from the 15th of May 2014 or as contracts permit.
The details of the increase are 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.
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