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Profile: Praxair Inc (PX.N)

PX.N on New York Stock Exchange

116.41USD
24 Mar 2017
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Praxair, Inc., incorporated on October 26, 1988, is an industrial gas company. The Company's operations are organized into five segments, four of which have been determined on a geographic basis of segmentation: North America, Europe, South America and Asia. In addition, the Company operates its surface technologies business through its subsidiary, Praxair Surface Technologies, Inc., which represents the fifth segment. Its operations consist of two product lines: industrial gases and surface technologies. Its industrial gases product line centers on the manufacturing and distribution of 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 that produces industrial gases primarily for internal use. 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. The Company serves a group of industries, including healthcare, petroleum refining, manufacturing, food, beverage carbonation, fiber-optics, steel making, aerospace, chemicals and water treatment.

North America

The North America segment includes the Company's industrial gases operations in the United States, Canada and Mexico. It operates production facilities in the United States, Canada and Mexico, approximately 255 of which are cryogenic air separation plants, hydrogen plants and carbon dioxide plants. As of December 31, 2016, there were five pipeline complexes in North America located in Northern Indiana, Houston, along the Gulf Coast of Texas, Detroit and Louisiana. Also located throughout North America are noncryogenic air separation plants, packaged gas facilities, specialty gas plants, helium plants and other smaller plant facilities.

Europe

The Europe segment includes the Company's industrial gases business in Spain, Ireland, Italy, France, Germany, Russia, the United Kingdom, Scandinavia and the Benelux region. The Europe segment has production facilities in Italy, Spain, Germany, the Benelux region, the United Kingdom, Scandinavia and Russia, which include approximately 70 cryogenic air separation plants and carbon dioxide plants. As of December 31, 2016, there were three pipeline complexes in Europe located in Northern Spain and the Rhine and Saar regions of Germany. Its pipeline complexes are supplied by cryogenic air separation plants. Also located throughout Europe are noncryogenic air separation plants, packaged gas facilities and other smaller plant facilities.

South America

The Company's South American industrial gases business operates in Brazil, Argentina, Bolivia, Chile, Colombia, Paraguay, Peru and Uruguay. As of December 31, 2016, the South America segment operated over 60 cryogenic air separation plants and carbon dioxide plants, primarily located in Brazil. Many of these plants support a pipeline complex in Southern Brazil. Also located throughout South America are packaged gas facilities and other smaller plant facilities.

Asia

The Asia segment includes the Company's industrial gases operations in China, India, Korea and Thailand, with smaller operations in Taiwan and the Middle East. The Asia segment has production facilities located in China, Korea, India and Thailand, approximately 60 of which are cryogenic air separation plants. Also located throughout Asia are noncryogenic air separation, carbon dioxide, hydrogen, packaged gas and other production facilities.

Surface Technologies

As of December 31, 2016, the Surface Technologies segment provides coating services and manufactures coating equipment at approximately 45 sites. The majority of its sites are located in the United States and Europe, with operations in Asia and Brazil. It also supplies thermal spray consumables to customers in the aircraft, energy, printing, primary metals, petrochemical, textile and other industries. Its coatings are used to provide wear resistance, corrosion protection, thermal insulation, and many other surface-enhancing functions. It also manufactures a line of electric arc, plasma and wire spray and high-velocity oxy-fuel (HVOF) equipment.

The Company competes with Air Products and Chemicals, Inc., L'Air Liquide S.A., Linde AG, Sequa Corporation, Bodycote, PLC and OC Oerlikon Corp AG.

Company Address

Praxair Inc

10 Riverview Dr
DANBURY   CT   06810-6268
P: +1203.8372000
F: +1800.7729985

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