|Traded as||NYSE: PX
S&P 500 Component
|Industry||Chemicals (industrial gases)|
|Key people||Steve Angel - Chairman, President and CEO|
|Revenue||US$ 12 billion (2013)|
Praxair, Inc. is a large international industrial gases company. Praxair supplies atmospheric, process, and specialty gases as well as high-performance coatings and related services. It is the largest industrial gases company in North and South America and one of the largest worldwide; Praxair does business in more than 50 countries and has approximately 4,000 patents. Praxair serves a wide range of industries including metals, health care, food & beverage, energy, aerospace, chemicals, electronics, manufacturing, and others.
Headquartered in Danbury, Connecticut, the company was originally founded in 1907. Praxair was the first company in North America to commercialize cryogenically separated oxygen. The company introduced the first distribution system for liquid gas in 1917 and developed on-site gas supply in the 1940s. In the 1960s, Praxair introduced non-cryogenic means of air separation.
The company is present in different locations in the world. In South America it is known as White Martins. In China and India it is among the largest industrial gases manufacturer present. Praxair is also well established in Europe.
Praxair adopted its name from the Greek word "praxis", or practical application, and "air", its primary raw material.
Praxair has a long history of being recognized for its commitment to sustainable development. Most recently, the company was named one of the world's greenest companies by Newsweek magazine. The magazine ranked Praxair No. 30 in the U.S. 500 and No. 52 in the Global 500 Newsweek Green Rankings. Praxair was ranked No. 3 in the Global 500 worldwide Materials sector. This is the fifth time Praxair was cited by Newsweek as a Top Green Company, being recognized each year the study has been published. Additionally, Praxair was named in CR Magazine’s 100 Best Corporate Citizens list. Praxair is also the only U.S. chemical company selected for 11 consecutive years to the prestigious Dow Jones World Sustainability Index. In 2013 Praxair was listed in the Global Carbon Disclosure Index for the 6th consecutive year, one of only four companies in the world to have this distinction. For more information about Praxair’s Sustainable Development program, please read the company’s Sustainable Value Report which is available on the company’s Reporting Center web page.
Praxair's primary products are:
- Atmospheric gases—oxygen, nitrogen, argon and rare gases (produced when air is purified, compressed, cooled, distilled and condensed).
- Process & specialty gases—carbon dioxide, helium, hydrogen, semiconductor process gases, and acetylene (produced as by-products of chemical production or recovered from natural gas).
- Applications technologies that help customers increase productivity and yield, reduce energy consumption and operating costs, and/or improve environmental performance.[clarification needed]
The company also designs, engineers and constructs cryogenic and non-cryogenic supply systems.