DANBURY, CT, July 13, 2009 — Praxair Electronics, a division of Praxair, Inc. (NYSE: PX), has made investments totaling $15 million during the past year in order to increase production capacity of tubular targets as part of its commitment to serve the photovoltaic PVD market.
The investments have come in several forms, including a recent acquisition of Senvac Thin Film Technologies in Frankfurt, Germany, a company which specializes in the bonding of tubular targets; automation of the tubular bonding process in Frankfurt; and an advanced ceramic development and pilot facility in Tonawanda N.Y. for development of AZO tubes.
“We are using our experience and expertise in the semiconductor market as a foundation for growth in PV target markets,” said David P. Strauss managing director of Praxair Electronics’ deposition materials business. “Our focus will be to provide advanced PVD products which deliver cost-of-ownership advantages.”
About Praxair Electronics
Praxair Electronics offers a complete portfolio of bulk and onsite gases, process gases, gas handling and distribution systems and services, and sputtering targets to the photovoltaic, display, and semiconductor markets. More information on Praxair Electronics is available on the Internet at www.praxair.com/electronics.
Praxair is the largest industrial gases company in North and South America, and one of the largest worldwide, with 2008 sales of $10.8 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 diverse group of industries, including aerospace, chemicals, electronics, energy, food and beverage, healthcare, manufacturing, metals and others. More information on Praxair is available on the Internet at www.praxair.com.