Praxair
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| File:Praxair company logo.jpg | |
| Company type | Public (NYSE: PX) S&P 500 Component |
|---|---|
| Industry | Chemicals (industrial gases) |
| Founded | 1907 |
| Headquarters | Danbury, Connecticut |
Key people | Steve Angel - Chairman, President and CEO |
| Revenue | US$ 11.2 billion (2012) |
Number of employees | 26,000 (2012) |
| Website | http://www.praxair.com |
Praxair, Inc. (NYSE: PX) is the largest industrial gases company in North and South America and one of the largest worldwide. The company supplies atmospheric, process and specialty gases as well as high-performance coatings and related services to a wide diversity of customers around the world. 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.
History
Headquartered in Danbury, Connecticut, the company was originally founded in 1907 when it was the first company in North America to commercialize cryogenically separated oxygen.[citation needed] 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, and since then has continued to introduce innovative applications technologies for various industries.
The company is present in different locations in the world. Excluding Australia, it is present in almost every continent. 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.[citation needed]
Environmental record
Praxair is a recognized leader in sustainable development. For ten consecutive years, the company has been selected as a component of the Dow Jones Sustainability World Index -- the only U.S. chemical company with this distinction -- and for three consecutive years has been selected for the Carbon Disclosure Project’s Carbon Disclosure Leadership Index.
Products
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.
External links
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