10:15 AM MST | February 7, 2012 | Natasha Alperowicz
Air Liquide said today that it will invest €40 million in a new air separation unit (ASU) in South Africa. This follows the signing of a long-term contract with Evraz Highveld Steel and Vanadium, the second largest steel producer...
Praxair has sold its advanced components segment, which makes and sells electrostatic chunks (ESCs) and chamber components for semiconductor processing equipment, to FM Industries (FMI; Fremont, CA). FMI is a subsidiary of NGK Insulators, a...
Air Liquide has purchased an air separation unit from Georgia Gulf that is located near the latter company’s chemical plant at Plaquemine, La. The facility produces oxygen, nitrogen and argon and is connected to...
Praxair today reported fourth-quarter net income of $420 million, or $1.38/share, on sales up 7% year-on-year, to $2.8 billion. Earnings more than tripled due to an income tax settlement that negatively impacted fourth-quarter earnings in 2010. Excluding...
Air Products today reported fiscal first-quarter earnings of $292 million, down 1% from the same period last year, on revenues up 1% to $2.42 billion. Earnings totaled $1.36/share, matching Wall Street estimates and flat with the year-ago period. The revenue...
Evonik Industries has introduced a novel membrane for purifying raw biogas into pure, usable biomethane, by removing CO2. The technology, which is comprised of multiple cylindrical polyimide hollow fibers, “increases yield and conserves valuable...
Praxair says it Praxair Distribution subsidiary has acquired Welders Industrial Supply (WIS; Pasadena, TX). WIS, founded in 2009, is an independent distributor of industrial and specialty gases, welding...
Industrial gases firms expect demand and earnings to grow again in 2012 as new capacity comes onstream and manufacturing growth in emerging markets offsets weakness in developed economies, particularly Europe. Air Products sees the global industrial gas...
Air Products has agreed to sell its homecare business in continental Europe to Linde for €590 million. The business specializes in patient-based oxygen-therapy, sleep-therapy, and infusion-therapy services. It has a total patient base of about 260,000 and generated revenues of approximately €210 million in 2011. It has operations in Belgium, Germany, France, Portugal, and Spain....
Air Products says it has signed a long-term contract with Shaanxi Future Energy Chemical and will build, own and operate the largest on-site air separation unit (ASU) order ever awarded to an industrial gas company. The facility, to be located at Yulin...
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