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Praxair 

“Market Cap $38.46 B As of May 2014

At a Glance
  • Industry: Specialized Chemicals
  • Founded: 1907
  • Country: United States
  • CEO: Stephen Angel
  • Website: www.praxair.com
  • Employees: 27,560
  • Sales: $11.93 B
  • Headquarters: Danbury, Connecticut
Forbes Lists

#437 Global 2000

  • #821 in Sales
  • #377 in Profit
  • #1029 in Assets
  • #262 in Market value

#43 Innovative Companies (#46 in 2012)

Profile

Praxair, Inc. is an industrial gas supplier in North and South America. It designs, engineers, manufactures and operates facilities that produce and distribute industrial gases. The company’s primary products are oxygen, hydrogen, nitrogen, argon, carbon dioxide, helium, electronic gases and a range of specialty gases. It operates through five segments: North America, Europe, South America, Asia and Surface Technologies Segment. Praxair’s operations consist of two major product lines: Industrial gases and Surface technologies. The Industrial Gases product line centers on the manufacturing and distribution of atmospheric gases and process gases. The Surface Technologies segment supplies wear-resistant and high-temperature corrosion-resistant metallic and ceramic coatings and powders to the aircraft, energy, printing, textile, plastics, primary metals, petrochemical and other industries. It also manufactures a complete line of electric arc, plasma and high-velocity oxygen fuel spray equipment as well as arc and flame wire equipment used for the application of wear resistant coatings. Praxair was founded in 1907 and is headquartered in Danbury, CT.

“Praxair History

Headquartered in Danbury, Connecticut, the company was originally founded in 1907. Praxair was the first company in North America to commercialize cryogenically separated oxygen.The company introduced the first distribution system for liquid gas in 1917 and developed on-site gas supply in the 1940s. In the 1960s, Praxair introduced non-cryogenic means of air separation.

The company is present in different locations in the world. In South America it is known as White Martins. In China and India it is among the largest industrial gases manufacturer present. Praxair is also well established in Europe.

Praxair adopted its name from the Greek word “praxis”, or practical application, and “air”, its primary raw material.

*Information from Forbes.com and Wikipedia.org

**Video published on YouTube by “Praxair Inc