Praxair, Inc. Praxire is a large American chemical company, the largest producer and supplier of industrial gases in the Americas, actively operating in global markets. The company produces and supplies atmospheric, technical and special gases, as well as high-quality protective coatings. Praxair operates in more than 50 countries around the world [1] .
| Praxair, Inc. | |
|---|---|
 | |
| Type of | Public company |
| Exchange listing | ( ) |
| Base | 1907 |
| Founders | |
| Location | Danbury (Connecticut) ,  USA |
| Key figures | Steve Angel - Managing Chairman and President |
| Industry | Chemical industry |
| Products | Industrial gases |
| Turnover | ▲ $ 11.925 billion (2013) |
| Operating profit | ▲ $ 2.625 billion (2013) |
| Net profit | ▲ $ 1.755 billion (2013) |
| Capitalization | $ 36.9 billion (March 1, 2015) |
| Number of employees | ▲ 27,560 (December 31, 2013) |
| Site | praxair.com |
Content
Historical background
Praxair, Inc. was founded in 1907 and became the first company in the United States to start producing oxygen from air using cryogenic separation methods [1] .
In 1917, the company first introduced a liquefied gas distribution system, and at the end of World War II, it applied an on-site model of gas supply to enterprises. In the 1960s, Praxair introduced new methods for non-cryogenic air separation. Since then, Praxair has continued the development and implementation of modern innovative systems and technologies in various industries.
The company has offices in virtually every country and every continent (with the exception of Australia). In South America, the company is commonly known as White Martins [1] . In China [2] and India [3] Praxair is one of the largest industrial gas producers. Praxair also has a strong presence in Europe. Praxair borrowed its name from the Greek word “praxis”, which means “practical application,” and the word “air”, the primary material the company works with [1] .
Products
Praxair Profile Products:
- Atmospheric gases - nitrogen, oxygen and argon, as well as inert gases - xenon, krypton and neon, obtained during the compression of air and its subsequent expansion and cooling to a very low temperature, at which it is liquefied and separated.
- Technical and special gases - hydrogen, helium, carbon monoxide, carbon dioxide, acetylene and special gases obtained from atmospheric air or by chemical means.
- Innovative technologies to increase productivity, reduce energy consumption and production costs, improve the environmental performance of products.
The company also develops, designs and builds cryogenic and non-cryogenic equipment [1] .
Notes
- ↑ 1 2 3 4 Praxair, Inc. and Subsidiaries.Form 10-K. Annual Report. 2013 , United States Securities and Exchange Comission. Date of treatment February 28, 2015.