First Trade Date for Praxair, Inc.
| Company Name | First Trade Date (yyyy-mm-dd) |
| Praxair, Inc. | 1992-06-17 |
| Company Name | Symbol |
| Praxair, Inc. | PX |
| History and Business of Company (this information may include date of incorporation) | |
|
Praxair, Inc. (Praxair or company) was founded in 1907 and became an independent publicly traded company in 1992. Praxair was the first company in the United States to produce oxygen from air using a cryogenic process and continues to be a major technological innovator in the industrial gases industry. Praxair is the largest industrial gases company in North and South America and is rapidly growing in Asia, and has a well-established business in southern Europe. Praxair's primary products for its industrial gases business are atmospheric gases (oxygen, nitrogen, argon, rare gases), process gases (carbon dioxide, helium, hydrogen, electronic gases, specialty gases, acetylene). The company also designs, engineers, and builds equipment that produces industrial gases for internal use and external sale. The company's surface technology segment, operated through Praxair Surface Technologies, Inc., supplies wear-resistant and high-temperature corrosion-resistant metallic and ceramic coatings and powders. Sales for Praxair were $5,613 million, $5,128 million, and $5,158 million for 2003, 2002 and 2001, respectively. Refer to Note 4 of the section captioned "Notes to Consolidated Financial Statements" in Praxair's 2003 annual report to shareholders for information related to Praxair's segment information. Praxair serves approximately 25 industries as diverse as healthcare and petroleum refining; computer-chip manufacture and beverage carbonation; fiber-optics and steel making; and aerospace, chemicals and water treatment. In 2003, 93% sales were generated from industrial gases in four regional segments (North America, Europe, South America, and Asia), with the balance generated from the Surface Technologies segment. Praxair provides a competitive advantage to its customer base by continuously developing new products and applications which allow them to improve their productivity, energy efficiency and environmental performance. | |
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