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Praxair Inc Acquires Volgograd Oxygen Factory

Monday, 24 Jun 2013 09:00am EDT 

Praxair Inc announced that it has acquired Volgograd Oxygen Factory (VOF), a producer and distributor of industrial gases in southern Russia, significantly strengthening the Company`s merchant liquid and packaged gas business in this key region. Financial terms of the transaction were not disclosed. This is the latest in a series of investments in Russia that expands Praxair`s production and distribution capacity. VOF is an established leader in the Volgograd region, serving more than two thousand customers in a variety of industries including steel, aerospace, healthcare and food and beverage. Praxair has invested in four other projects in Russia, with combined production capacity greater than 3,500 tons per day of gaseous and liquid oxygen, nitrogen, hydrogen and argon. In addition, the Company acquired Volzhsky Azot in 2012, which included two air separation units and a bulk and packaged gas business located in the Volgograd region. 

Company Quote

0.11 +0.08%
29 Aug 2014