IHS Chemical Week

Praxair beats estimates on higher margins, steady volumes

July 28, 2016 | Vincent Valk

Praxair Inc. today reported net income up 30% year-on-year (YOY), to $399 million, on sales down 3%, to $2.67 billion. Volumes were comparable to those of the year-ago quarter, while operating and EBITDA margins increased, but this was offset by negative...

Air Products net income rises on higher volumes; sales fall on energy, currency

July 28, 2016 | Vincent Valk

Air Products and Chemicals today reported fiscal third-quarter net income up 9% year-on-year (YOY), to $346.8 million, on sales down 2%, to $2.43 billion. Volumes grew 4% YOY during the quarter, but this was offset by the pass-through of lower energy prices...

Linde reports lower sales, fall in profit, in line with expectations

July 28, 2016 | Michael Ravenscroft

Linde AG has reported first-half revenue of €8.56 billion ($9.41 billion), compared with sales of €9.04 billion in the year-ago period, a decrease of 5.3% year over year (YOY), or a decrease of 1.6% YOY after adjusting for exchange rate effects...

Messer starts up ASU in China

July 22, 2016 | Deepti Ramesh

Industrial gases manufacturer Messer (Bad Soden, Germany) says that it has commissioned a new air separation unit (ASU) at Hengyang in Hunan Province, China, that will produce gases such as oxygen, nitrogen and argon. Messer also announced that it has signed...

Praxair signs long-term contract to source helium in Poland

July 13, 2016 | Natasha Alperowicz

Praxair Inc has signed a long-term agreement for purchasing liquid helium from Polskie Górnictwo Naftowe i Gazownictwo SA (PGNiG), a player in the Polish natural gas market and the only producer of helium in Central Europe. PGNiG owns and operates a...

Air Liquide sets revenue targets following Airgas acquisition

July 6, 2016 | Natasha Alperowicz

Air Liquide SA on Wednesday launched a transformation strategy covering 2016–20 that targets rising revenue at a compound annual growth rate (CAGR) of 6–8%; annualized efficiency gains of more than €300 million ($332 million); and synergies...

Linde invests $250 million in neon business

July 5, 2016 | Rebecca Coons

Linde Electronics and Specialty Gases, a Linde subsidiary,  is investing $250 million to support its neon business, including a 40-million liters/year facility at the company's La Porte, TX, site. The new production unit will add 40 million liters...

Linde to invest $28 million in Philippines to add gases capacity and upgrade ASU

July 5, 2016 | Deepti Ramesh

Linde Philippines, Inc. (Manila), a subsidiary of Linde AG, says that it will invest approximately €25 million ($28 million) to upgrade its existing air separation unit (ASU) and add a nitrogen liquefaction unit at its site in Apalit, Philippines...

Praxair announces price increases

July 1, 2016 | Jing Chen

Praxair Inc. is increasing the price of nitrogen, oxygen, argon, hydrogen, helium and carbon dioxide up to 15% for its customers in the United States, effective 15 July or as contracts...

Air Liquide divests certain US assets to Matheson, complying with FTC conditions on Airgas purchase

June 24, 2016 | Deepti Ramesh

Air Liquide announced on 24 June that it has entered into an agreement to sell certain assets in the United States to Matheson Tri-Gas (Matheson; Basking Ridge, NJ), a subsidiary of industrial gases company Taiyo Nippon Sanso (Tokyo). Taiyo Nippon Sanso is a...

Air Products signs medical gases supply deal

June 20, 2016 | Vincent Valk

Air Products has signed a deal with Vizient (Irving, TX), a non-profit healthcare network, under which Air Products will supply medical gases to Vizient’s membership at negotiated prices. Members of Vizient’s network include community hospitals...

Air Liquide acquires two gas distributors

June 16, 2016 | Jing Chen

Air Liquide, which recently closed the acquisition of Airgas, announced Thursday that it has acquired gas and welding distributors Monroe Welding Supply (Monrow, LA) and Clark Industrial Supply (San Jose, CA), both effective 1 June 2016. Financial information...

Messer opens industrial gases plant in Poland

June 15, 2016 | Natasha Alperowicz

Messer, the largest privately owned industrial gases company, has held an official opening ceremony of its new production facility for air gases and a filling plant for industrial cylinder gases in Poland. The company has invested a total of around €31...

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