SHANGHAI, China, June 27, 2012 — Praxair Asia is notifying its electronic gases customers of a price increase of 10%-20% effective July 1, 2012, on select electronic process gases as contracts permit.
The price increase is due to escalating raw material and production costs for electronic process gases. This increase will allow Praxair Asia to sustain the highest standard of product quality and make ongoing investments to support the continuous growth of our customers. Praxair Asia also continues to implement a variety of productivity programs to improve the overall cost structure.
Praxair Asia’s electronics business supplies customers in the Integrated Circuit (IC), Light Emitting Diode (LED), Liquid Crystal Display (LCD), and Photovoltaic (PV) segments. Products to these segments include process gases, such as precursors, dopants, reactants, etchants, inerts, etc., as well as bulk, on-site, and associated distribution equipment.
About Praxair China
Praxair (China) Investment Co., Ltd is a leading industrial gas provider in China headquartered in Shanghai. It has 21 wholly owned companies, 10 joint ventures and over 1,400 employees in the country. 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 2011 sales of $11 billion. The company produces, sells and distributes atmospheric, process and specialty gases, and high-performance surface coatings. Praxair products, services and technologies are making our planet more productive by bringing 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.