MONTERREY, Mexico, October 28, 2010 — Praxair Mexico, a subsidiary of Praxair, Inc. (NYSE: PX), has signed a contract with Fondería to supply oxygen through a vacuum pressure swing adsorption (VPSA) plant. The plant is designed to increase Fondería’s productivity in its annual production of 600,000 tons steel.
Under this new contract, Praxair Mexico will supply 120 tons of oxygen per day and is expected to begin operations in the third quarter of 2011.
“We have been working with Praxair Mexico for the past four years and are very pleased with their reliable and safe performance,” said Fernando Abaroa, general director of Fondería. “We are looking forward to having Praxair as a strategic partner in this new project.”
“On behalf of Praxair Mexico we reiterate our commitment to continued reliable, safe supply of products and technologies that support Fondería’s expansion, growth and development,” said Murilo Melo, president and general director Praxair Mexico.
Fondería, S.A. de C.V. is part of Grupo Siderúrgico, located in San Luis Potosí, S.L.P., México. The company utilizes cutting-edge technology to produce commercial steel billets for the construction industry, selling to Grupo Siderurgico as well as other companies in and outside México.
About Praxair Mexico
Praxair Mexico is a leading industrial gas provider in Mexico, operating as a global company with local efficiency and with world class capacities. It operates more than 300 production, distribution and sales sites, has 2,500 employees and serves more than 35,000 customers in a wide range of industries.
Praxair, Inc. is the largest industrial gases company in North and South America, and one of the largest worldwide, with 2009 sales of $9 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.
Susan Szita Gore