By Rhea Healy2016-07-01T15:29:00+01:00
Tier One corporation Praxair is the latest major company in the industry to announce a price hike on its bulk industrial gases.
It has announced an increase of up to 15% for nitrogen (N2), oxygen (O2), argon (Ar), hydrogen (H2), helium (He) and carbon dioxide (CO2) for bulk industrial and medical gas customers in the US.
The spike is effective as of 15th July 2016, or as contracts permit.
A press release from Praxair signified that the increase was due to, “continued investments in capacity, reliability and efficiency of Praxair’s operations and enhancements to the company’s production and distribution capabilities.”
This is the second time in 2016 that Praxair has issued a price hike, with the first one at the beginning of the year announcing an increase of between 10-20% for bulk gases and facility fees.
Air Products’ merchant customers in North America will soon be hit with bigger bills after the Tier One corporation announced double-digit price hikes for its industrial gases.
Effective 1st October (2016), or as contracts permit, Air Products is to increase product pricing and monthly service charges for merchant customers in North America, citing rising costs and continued investment as factors in these changes.
Following up on a recent increase in CO2 price, Praxair announces price increases for nitrogen, oxygen, argon, hydrogen and helium, as well as a general facility fee increase, effective Jan. 1.
Month on month, the gasworld website is the market-leading news portal for the global industrial gas sector, growing at an unprecedented rate and keeping its readers at the forefront of breaking news, insightful analysis and must-see features across the industry. Launched in 2004 and continually evolving, it is the only independent online news, views and intelligence portal for the global industrial gas community and the larger end-user markets – and home to the ever-increasing range of gasworld platforms.
To find out more about gasworld's advertising opportunities click here.