|[January 28, 2014]
Praxair Signs Long-Term Supply Agreement in Brazil
DANBURY, Conn. --(Business Wire)--
Praxair, Inc. (NYSE: PX) has signed a long-term contract to supply
industrial gases to a new steel mill being built near the Port of Pecém
in an international free trade zone in the state of Ceara, located in
the northeast region of Brazil. The mill will be operated by Companhia
Siderúrgica do Pecém (CSP (News - Alert)), a joint venture between Brazilian
Vale and South Korean Dongkuk Steel and Posco Steel.
Praxair will build, own and operate a 2,400 tons per day cryogenic plant
that will produce gaseous and liquid oxygen, nitrogen and argon. The
plant will enable CSP to produce an expected 3 million tons of steel
slabs annually, which will largely be exported for further processing by
CSP's Korean partners. The plant is expected to start up in 2016.
"We are proud to have been chosen to play such a significant role in
this project," said Domingos Bulus, president of Praxair South America.
"Our state-of-the-art plant and world-class Praxair team will provide
CSP with the gases it needs to deliver a steady supply of high-quality
According to CSP, "Praxair's regional capabilities as a reliable on-site
source of high-quality oxygen were critical to its selection for this
phase that involves an annual production of 3 million tons of slabs. The
confidence in this choice enables CSP to continue to develop the first
integrated steel mill in northeastern Brazil with a strong base."
The new plant will also serve merchant and packaged gas customers in a
variety of sectors across the northern and northeastern regions of
Brazil, including food and beverage, metal fabrication, healthcare and
Praxair, Inc., a Fortune 20 company with 2012 sales of $11 billion, is
the largest industrial gases company in North and South America and one
of the largest worldwide.
The company produces, sells and distributes atmospheric, process and
and high-performance surface coatings. Praxair products, services
and technologies are making our planet more productive by bringing
efficiency and environmental benefits to a wide variety of industries,
and beverage, electronics,
manufacturing, metals and many others. More information about Praxair,
Inc. is available at www.praxair.com.
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