DANBURY, Conn., September 4, 2008 — Praxair (China) Investment Co., Ltd. has signed a long-term supply contract with Anhui HuaYi Chemical Co., Ltd., an affiliate of Shanghai HuaYi (Group) Co., Ltd., one of the largest chemical groups in China supplying fine and specialty chemicals.
Under this contract, Praxair China will build another of the largest single-train air separation plants in Asia. The plant, due to start up in early 2011, will supply 3,000 tons per day of oxygen for the Wuwei coking project of Anhui HuaYi, which is located in Anhui Province, about 100 kilometers from Nanjing. At present, Praxair is constructing a similar sized plant for another Chinese customer in Jiangsu Province. Both plants will supply oxygen to gasification units which will provide feedstock to the chemical industry.
“The Wuwei coking project is a long-term investment by Anhui HuaYi and we are confident that its growth potential will lead to a future expansion of the partnership between the HuaYi Group and Praxair China,” said David Chow, president of Praxair China.
About Praxair China
Praxair (China) Investment Co., Ltd is a leading industrial gas provider in China. It is headquartered in Shanghai, has 15 wholly owned companies, 10 joint ventures and over 1,200 employees in the country with 2007 sales of more than $300 million. More information on Praxair China is available on the Internet at www.praxair.cn.
Praxair, Inc. (NYSE:PX) is the largest industrial gases company in North and South America, and one of the largest worldwide, with 2007 sales of $9.4 billion. The company produces, sells and distributes atmospheric, process and specialty 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.
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