Profile: Praxair Inc (PX.N)

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Praxair, Inc. (Praxair), incorporated on October 26, 1988, is an industrial gases supplier. The Company’s products are oxygen, hydrogen, nitrogen, argon, carbon dioxide, helium, electronic gases and a range of specialty gases. Praxair Surface Technologies supplies coatings, which protect metal parts from wear, corrosion and heat. Praxair’s industrial gas operations are managed on a geographical basis. During the year ended December 31, 2012, 94% of sales were generated in four geographic segments (North America, Europe, South America, and Asia). The surface technologies segment generated the remaining 6% of sales. Praxair serves approximately 25 industries, including healthcare and petroleum refining; computer-chip manufacturing and beverage carbonation; fiber-optics and steel making, and aerospace, chemicals and water treatment. In September 2014, Generational Equity announced the acquisition of its client, Genie Products, Inc., by Praxair Inc.

Praxair manufactures and distributes its products through a network of production plants, pipeline complexes, distribution centers and delivery vehicles. Praxair’s products in its industrial gases business are atmospheric gases (oxygen, nitrogen, argon, rare gases) and process gases (carbon dioxide, helium, hydrogen, electronic gases, specialty gases, acetylene). The company also designs, engineers, and builds equipment, which produces industrial gases for internal use and external sale. The company’s surface technologies segment, operated through Praxair Surface Technologies, Inc., supplies wear-resistant and high-temperature corrosion-resistant metallic and ceramic coatings and powders.

Industrial Gases Products and Manufacturing Processes

Atmospheric gases are the products produced by Praxair. Using air as its raw material, Praxair produces oxygen, nitrogen and argon through several air separation processes. Praxair also manufactures precious metal and ceramic sputtering targets used in the production of semiconductors. Process gases, including carbon dioxide, hydrogen, carbon monoxide, helium, specialty gases and acetylene are produced by methods other than air separation. Its carbon dioxide is purchased from by-product sources, including chemical plants, refineries and industrial processes and is recovered from carbon dioxide wells. Carbon dioxide is processed in Praxair’s plants to produce commercial and food-grade carbon dioxide. Hydrogen and carbon monoxide are produced by either steam methane reforming of natural gas or by purifying by-product sources obtained from the chemical and petrochemical industries.

Praxair constructs plants on or adjacent to customers’ sites and supplies the product directly to customers by pipeline. The merchant business is associated with distributable liquid oxygen, nitrogen, argon, carbon dioxide, hydrogen and helium. The deliveries are made from Praxair’s plants by tanker trucks to storage containers owned or leased and maintained by Praxair or the customer at the customer’s site. Customers requiring small volumes are supplied products in metal containers called cylinders, under medium to high pressure. Packaged gases include atmospheric gases, carbon dioxide, hydrogen, helium and acetylene. Praxair also produces and distributes in cylinders a range of specialty gases and mixtures.

The Company competes with Air Products and Chemicals, Inc., Airgas Inc., L’Air Liquide S.A., and Linde AG.

Surface Technologies

Praxair’s surface technologies segment supplies wear-resistant and high-temperature corrosion-resistant metallic and ceramic coatings and powders to the aircraft, energy, printing, textile, plastics, primary metals, petrochemical and other industries. It also manufactures a range of electric arc, plasma and oxygen fuel spray equipment, as well as arc and flame wire equipment used for the application of wear-resistant coatings. The coatings extend wear life and are applied at Praxair’s facilities using a range of thermal spray coatings processes. The coated parts are finished to the customer’s specifications before shipment.

The Company competes with Sequa Corporation, Bodycote, PLC, and Sulzer Ltd.

Company Address

Praxair Inc

DANBURY   CT   06810-5113
P: +1203.8372000
F: +1800.7729985

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