DANBURY, Conn., September 8, 2003 — Praxair, Inc. (NYSE:PX) has been selected as an index component for the 2003 Dow Jones Sustainability World Index. Praxair joins 300 other companies from 22 countries that are included in the index because of their industry leadership in terms of corporate sustainability.
The Dow Jones Sustainability World Index was launched in 1999 as the first equity benchmark to track the financial performance of leading corporations which are committed to sustainability on a global scale. Corporations are selected for the index after a thorough assessment of economic, environmental and social criteria with a major focus on long-term shareholder value creation.
"Praxair’s selection to this important index is recognition of our substantial efforts in developing products, technologies and services that support global, sustainable economic growth", said Praxair chairman and CEO, Dennis Reilley.
"Praxair is continually introducing products designed to help our customers improve their energy efficiency and reduce their environmental impact," Reilley added. "At the same time, we work with the local communities where we operate facilities to address their social and environmental needs. And, we are committed to maintaining our strong financial performance to fund our sustainable growth in the years."
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.