Praxair Expands New Mexico Facility

By Business Wire,  July 11, 2014, 11:48:00 AM EDT


DANBURY, Conn.--(BUSINESS WIRE)-- Praxair, Inc. (NYSE:PX) announced it will further expand its industrial gases facilities located in Kirtland, New Mexico. The expansion will include a new nitrogen plant that will increase production capacity in 2014.

Demand for nitrogen continues to grow as oil and gas operators develop new resources in the San Juan Basin, which includes southwestern Colorado, northwestern New Mexico and adjacent areas in Arizona and Utah.

"Our new plant will increase our supply in the San Juan Basin helping us meet customer requirements for pipeline and liquid nitrogen," said Gerald Miller, vice president of the West Region for Praxair's U.S. industrial gases business. "Our continued investment in this area is possible, in part, because of the support we receive from local and state government."

About Praxair

Praxair, Inc., a Fortune 250 company with 2013 sales of $12 billion, is the largest industrial gases company in North and South America and one of the largest worldwide. 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 efficiency and environmental benefits to a wide variety of industries, including aerospace, chemicals, food and beverage, electronics, energy, healthcare, manufacturing, metals and many others. More information about Praxair, Inc. is available at www.praxair.com.

Source: Praxair, Inc.



This article appears in: News Headlines

Referenced Stocks: PX


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