News Article
Praxair to hike gas prices and facility fees in 2013
The price of gases used in III-V MOCVD growth will be increased by between 15 and 30 percent in the US, Canada and Puerto Rico
Praxair and its divisions and subsidiaries are notifying bulk and packaged, industrial, electronics, specialty and medical gas customers in the United States, Canada and Puerto Rico of increases in prices effective January 1st, 2013, or as contracts permit.
Nitrogen, oxygen and carbon dioxide prices will increase by 15 percent, argon and hydrogen by 20 percent and helium by 30 percent.
Facility fees or monthly bulk product charges and cylinder rental rates and hardgoods will be stepped up by up to 15 percent. Price adjustments will vary as permitted by individual supply contracts.
These adjustments are due to persistent supply/demand imbalances for some products in the United States and Canada combined with increases in the cost of feedstock and other raw materials.
What's more, energy costs in the United States continue to increase, driven by state renewable energy requirements and associated utility transmission and distribution upgrades.
Praxair is one of the largest industrial gas companies in the world, with 2011 sales of $11 billion. The company produces, sells and distributes atmospheric, process and specialty gases used in MOCVD growth of III-V semiconductors.
Nitrogen, oxygen and carbon dioxide prices will increase by 15 percent, argon and hydrogen by 20 percent and helium by 30 percent.
Facility fees or monthly bulk product charges and cylinder rental rates and hardgoods will be stepped up by up to 15 percent. Price adjustments will vary as permitted by individual supply contracts.
These adjustments are due to persistent supply/demand imbalances for some products in the United States and Canada combined with increases in the cost of feedstock and other raw materials.
What's more, energy costs in the United States continue to increase, driven by state renewable energy requirements and associated utility transmission and distribution upgrades.
Praxair is one of the largest industrial gas companies in the world, with 2011 sales of $11 billion. The company produces, sells and distributes atmospheric, process and specialty gases used in MOCVD growth of III-V semiconductors.
