DANBURY, Conn.--(BUSINESS WIRE)--
Praxair, Inc. (NYSE:PX) has signed a long-term contract with Taewoong
Steel Co. LTD to supply high-purity oxygen to the company's steel mill
facility in Busan, Korea. Praxair will construct a new 180 tons per day
air separation plant and pipeline in the Mieum Foreign Industrial Zone
in Busan that will serve Taewoong, as well as new and other existing
customers. The plant is expected to start up in 2016.
"We look forward to supplying Taewoong Steel with the high-quality gases
it needs to serve its customers across a variety of growing industries,"
said S.B. Seo, president of Praxair Korea. "This new state-of-the-art
plant will also enable us to meet growing industrial gases demand from
businesses across southern Korea."
The new plant will help Taewoong meet customer demand for high-quality
forged metal products in the wind turbine, shipbuilding, chemical and
power plant sectors.
The plant will also increase Praxair's supply of gaseous nitrogen,
delivered via pipeline, to meet growing demand from an existing
electronics customer. In addition, the plant will supply oxygen,
nitrogen and argon to local merchant liquid customers in southern Korea
for such industries as shipbuilding, metals, mechanics, steel
fabrication and others.
Praxair, Inc., a Fortune 250 company with 2012 sales of $11 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
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,
and beverage, electronics,
manufacturing, metals and many others. More information about Praxair,
Inc. is available at www.praxair.com.
Source: Praxair, Inc.