(Archived) Praxair Expands Supply to Samsung in Korea
DANBURY, Conn., April 21, 2008 — Praxair, Inc. (NYSE:PX) and Samsung Electronics have signed a memorandum of understanding under which Praxair will increase production capability to 3,300 tons per day for line #8 at Samsung Electronics’ advanced thin-film-transistor, liquid-crystal-display (TFT-LCD) factory in Tangjeong, South Korea. To meet this demand, Praxair will build a new air separation plant with a capacity of 2,000 tons per day, scheduled to start up in the third quarter of 2009.
"We are committed to providing Samsung Electronics with world-class service and a reliable supply of industrial gases as Samsung meets the rapidly growing demand in the LCD markets,” said K.H. Lee, president of Praxair Korea. “This project is an extension of the strong relationship Praxair Korea has enjoyed with Samsung for more than 15 years.”
Praxair began operation of another air separation plant at the same location in 2007. In addition to nitrogen, oxygen and argon, Praxair supplies helium and hydrogen by pipeline to the facility. Additional volumes of liquid oxygen, nitrogen and argon will be supplied to the growing Korean merchant market from the new facility.
Samsung’s newest complex in Tangjeong is the world’s first seventh-generation TFT-LCD complex, comprised of four production lines.
Praxair Korea supplies Samsung’s manufacturing complexes in Gihueng and Hwasung as well as Tangjeong.
About Praxair Electronics
Praxair Electronics provides the global semiconductor industry with process consumables, including a full line of gases and materials; sputtering targets; CMP pads; on-site services; chamber components including electrostatic chucks; and spare-parts logistics services. In 2007, Praxair’s sales to the global electronics industry were $725 million. More information on Praxair Electronics is available on the Internet at: www.praxair.com/electronics.
About Praxair, Inc.
Praxair 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 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