Last $130.55 USD
Change Today +1.73 / 1.34%
Volume 1.3M
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As of 8:04 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

praxair inc (PX) Snapshot

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praxair inc (PX) Details

Praxair, Inc. produces, sells, and distributes atmospheric, process, and specialty gases, as well as surface coatings in North America, Europe, South America, and Asia. The company offers atmospheric gases, such as oxygen, nitrogen, argon, and rare gases; and process gases comprising carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene. It also designs, engineers, and builds equipment that produces industrial gases; and manufactures precious metal and ceramic sputtering targets used primarily in the production of semiconductors. In addition, the company supplies wear-resistant and high-temperature corrosion-resistant metallic and ceramic coatings and powders to the aircraft, energy, printing, primary metals, petrochemical, textile, and other industries. Further, it provides electric arc, plasma, and high-velocity oxy-fuel equipment; and distributes hardgoods and welding equipment purchased from independent manufacturers. The company sells its products primarily through independent distributors. It serves various industries, such as healthcare, petroleum refining, computer-chip manufacturing, beverage carbonation, fiber-optics, steel making, aerospace, chemicals, and water treatment industries. The company was founded in 1907 and is headquartered in Danbury, Connecticut.

27,560 Employees
Last Reported Date: 02/25/14
Founded in 1907

praxair inc (PX) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.2M
Executive Vice President and President of Nor...
Total Annual Compensation: $522.5K
Executive Vice President
Total Annual Compensation: $556.5K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $516.3K
Compensation as of Fiscal Year 2013.

praxair inc (PX) Key Developments

Praxair Prices EUR 500 Million of 1.625% Notes Due 2025

Praxair Inc. has priced EUR 500 million of 1.625% notes due December 1, 2025. The notes are being offered under its shelf registration statement filed with the U.S. Securities and Exchange Commission. The offering is led by Citigroup Global Markets Limited, Deutsche Bank AG, London Branch, HSBC Bank plc and Merrill Lynch International. The offering is expected to close on December 1, 2014. The company anticipates using the proceeds of the offering for general corporate purposes, including repayment of debt and share repurchases under its share repurchase program. Prior to that use, the net proceeds may be invested in short-term investments.

Praxair Signs Long-Term Contract to Provide Hydrogen to Repsol

Praxair Inc. announced it has signed a long-term contract to provide hydrogen to Repsol. The new steam methane reformer (SMR) will be constructed at Repsol's La Pampilla Refinery, in the Callao district, near Lima, and is expected to start up in 2016. The 12 million standard cubic feet per day SMR will use natural gas or naphtha as feedstock for the production of hydrogen. The La Pampilla refinery produces gasoline, liquefied petroleum gas, jet fuel, kerosene, diesel and asphalts, among other products, to serve the local market. The Repsol refinery will also produce low-sulfur diesel fuel that will comply with the strictest environmental standards and be used to serve customers in the local market.

Plug Power Inc. Signs Long-Term Hydrogen Distribution Agreement with Praxair, Inc

Plug Power Inc. announced it has signed a long-term hydrogen distribution agreement with Praxair Inc. The agreement pairs Plug Power's GenFuel hydrogen fueling infrastructure solution with Praxair's liquid hydrogen supply capability helping customers realize productivity and environmental benefits. Plug Power will offer Praxair hydrogen to its customers throughout the United States who are using the company's GenKey hydrogen fuel cell solution. The GenKey solution consists of three separate elements: GenDrive fuel cell units, GenFuel hydrogen fuel and infrastructure, and GenCare maintenance service. Plug Power provides customers with full integration and deployment of the entire GenKey package to ensure a seamless transition to hydrogen fuel cell-based power for their material handling operations. Praxair's hydrogen supply system provides a high-quality, reliable source of hydrogen for Plug Power customers.


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