Industrial gases are on the rise

By Tom Stundza, Executive Editor -- Purchasing, 9/20/2006 11:56:00 AM

Increasing demand for industrial gases—atop a major industry consolidation—has led suppliers to push a round of price increases in recent weeks. Linde Group, which has absorbed BOC Group, is pushing for a mid-October increase in domestic helium prices of 10%-15%. Praxair has announced a 10-15% price increase for several gases, as well as increasing rates for cylinder rental and other services; Air Liquide Industrial U.S. has set a 10% hike for most of its gases and a 15% increase in facilities fees, and Air Products & Chemicals is boosting liquid-bulk oxygen, nitrogen and hydrogen by 10%, argon and helium by 20% and will increase its monthly service charge schedule pricing for storage. (Meanwhile, Linde is selling off parts of its global helium business to Taiyo Nippon Sanso of Japan, including long-term helium supply contracts with sources in the U.S., Poland and Russia. The new assets will be managed by Taiyo’s U.S. subsidiary, Matheson Tri-Gas. Also, Air Products has completed expansion at its Pryor, Okla., industrial gas facility.)

Average Rating:

(0)

Rate this:

Talkback

We would love your feedback!

»MORE

Featured Company

LeanLogistics

LeanLogistics, Inc. is the global leader for innovative transportation solutions. Leveraging one of the industry's largest transportation networks, we combine technology and services to tailor transportation solutions to the needs of our customers... more
Summit Energy

Summit Energy is a pioneering provider of energy and sustainability management services for business and industry. Summit manages more than $20 billion annually for thousands of facilities in industries ranging from aerospace and automotive to... more
Aravo

Founded in 2000, Aravo reduces the cost of managing supplier information by up to 72%, according to leading analyst firm AMR. From supplier management to risk management to supply chain sustainability, Aravo's Application Suite solves today's most... more
Maxon Furniture Inc.

Maxon Furniture Inc. is a premier manufacturer of office cubicles and systems furniture, and provider of innovative office planning tools. We offer a full range of quality, easy-to-install and reconfigure workstation cubicles, freestanding desks... more
Global Data Mining

GDM specializes in global trade data, and helps provide global trade data and enterprise-wide data solutions to help importers and exporters around the world optimize & automate global trade processes.Working closely with the Content Specialists of... more