DANBURY, Conn., March 10, 2003 — Praxair, Inc. (NYSE: PX) announced today that it is implementing a transportation charge for bulk oxygen, nitrogen, carbon dioxide, hydrogen and helium, effective March 12, 2003. The charges will range from $25 to $50 per full-load delivery and will vary according to product. The transportation charge is necessitated by the dramatic rise in the cost of diesel fuel.
In addition, Praxair will also continue to utilize regional programs to recover costs related to the surging increase in energy costs arising from natural gas and oil prices.
Praxair is the largest industrial gases company in North and South America, and one of the largest worldwide, with 2002 sales of $5.1 billion. The company produces, sells and distributes atmospheric and process gases, and high-performance surface coatings. Praxair products, services and technologies bring productivity and environmental benefits to a wide variety of industries, including aerospace, chemicals, food and beverage, electronics, energy, healthcare, manufacturing, metals and others. More information on Praxair is available on the Internet at www.praxair.com.
Susan Szita Gore