|Traded as||NYSE: PX
S&P 500 Component
|Industry||Chemicals (industrial gases)|
|Steve Angel - Chairman, President and CEO|
|Revenue||US$ 12 billion (2013)|
Number of employees
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.
Praxair adopted its name from the Greek word "praxis", or practical application, and "air", its primary raw material.