), one of the leading industrial gas producers and suppliers,
recently announced the commencement of operations at its new air
separation facility in the state of Mato Grosso, Brazil.
The company's Brazilian subsidiary, White Martins through this
new plant will be supplying gases to Eldorado Celulose e Papel's
single-line pulp mill. Daily production capacity of the plant is
220 tons of oxygen, nitrogen and argon.
This plant is the fifth in the region for Praxair and solidifies
its position to offer better products and services to its
A series of plant start-ups and contract wins signify the growing
preferences among customers for Praxair's world class technology,
high quality products and gas supply services. Also, its products
are being increasingly used for various purposes across diverse
industries, including hydrogen for refining; oxygen for
healthcare; and nitrogen and carbon dioxide for oil and gas
Praxair is slated to release its first quarter 2013 financial
results on Apr 24. The current Zacks Consensus Estimate for the
first quarter 2013 is $1.38, representing a year-over-year
decline of 0.1%. Estimates for 2013 and 2014 are $6.00 and $6.81,
reflecting annual growth of 7.8% and 13.4%, respectively.
Praxair has a market capitalization of roughly $33 billion. The
stock currently bears a Zacks Rank #3 (Hold). Other stocks to
watch out for in the industry are
), holding a Zacks Rank #1 (Strong Buy) while
Compass Minerals International Inc.
Eastman Chemical Co.
), each holds a Zacks Rank #2 (Buy).
COMPASS MINERLS (CMP): Free Stock Analysis
EASTMAN CHEM CO (EMN): Free Stock Analysis
OLIN CORP (OLN): Free Stock Analysis Report
PRAXAIR INC (PX): Free Stock Analysis Report
To read this article on Zacks.com click here.