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Praxair

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Praxair, Inc.
Company typePublic
NYSE: PX
S&P 500 Component
IndustryChemicals (industrial gases)
Founded1907
HeadquartersDanbury, Connecticut
Key people
Steve Angel - Chairman, President and CEO
Revenue
  • Increase US$ 11.925 billion (2013) [1]
  • Decrease US$ 11.224 billion (2012) [1]
  • Increase US$ 2.625 billion (2013) [1]
  • Decrease US$ 2.437 billion (2012) [1]
  • Increase US$ 1.755 billion (2013) [1]
  • Increase US$ 1.692 billion (2012) [1]
Total assets
  • Increase US$ 20.255 billion (2013) [2]
  • Increase US$ 18.09 billion (2012) [1]
Total equity
  • Increase US$ 7.003 billion (2013) [2]
  • Increase US$ 6.421 billion (2012) [1]
Number of employees
27,000 (2014)
Websitehttp://www.praxair.com

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 [citation needed]; 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. Praxair 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.[citation needed] In the 1960s, Praxair introduced non-cryogenic means of air separation.[citation needed]

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.[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[citation needed]; Praxair is the only U.S. chemical company with this distinction. [citation needed] For three consecutive years Praxair has been selected for the Carbon Disclosure Project’s Carbon Disclosure Leadership Index. [citation needed]

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.

See also

  1. ^ a b c d e f g h "PRAXAIR INC 2013 Annual Report Form (10-K)" (XBRL). United States Securities and Exchange Commission. February 25, 2014.
  2. ^ a b "PRAXAIR INC 2014 Q1 Quarterly Report Form (10-Q)" (XBRL). United States Securities and Exchange Commission. April 23, 2014.
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