Praxair Acquires Industrial Gas Company
Praxair, Inc. entered into an agreement with SIBUR - Russian
Tyres to acquire its industrial and packaged gases business in the Volgograd region
of the Russian Federation. The business operates under the name Volzhsky Azot
and includes two air separation units (ASUs) and a bulk and packaged gas
business. Praxair has invested in four major projects in Russia with combined
production capacity greater than 3,500 tons per day of gaseous and liquid
oxygen, nitrogen, hydrogen and argon. The new ASUs and hydrogen plants will be
located in the Volgograd, Sverdlovsk, Rostov and Nizhniy Novgorod regions and
will supply a diverse group of customers in the steel, chemical and glass industries
with low-cost, high-reliability industrial gases.
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