Airgas to Raise Prices

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October 10, 2007

Airgas to Raise Prices

Airgas, Inc., Radnor, PA, announced that beginning Dec. 1, 2007, or as contracts permit, its operating units will increase prices on bulk and packaged gases. Prices will increase, on average, as follows:

-20 - 30% for helium

-10 - 15% for argon

-8 - 10% for all other bulk atmospheric gases, and packaged industrial, specialty, and medical gases.

Airgas also will raise rental rates for cylinders and bulk tanks and other delivery and service charges up to 15%.

Higher raw material, energy, electricity, and labor costs have led to increases in costs for products from suppliers as well as operating costs at Airgas plants and distribution facilities. The company also has seen higher prices for cylinders, bulk tanks, gas handling plants and equipment, due to rising metal prices, which all factored into the pricing actions.

"We face these rising costs, even while demand continues to be strong across our customer base," said Airgas CEO Peter McCausland.

Airgas, Inc., through its subsidiaries, is a U.S. distributor of industrial, medical, and specialty gases, and hardgoods, such as welding equipment and supplies. Airgas is also a distributor of safety products, a producer of nitrous oxide and dry ice, a liquid carbon dioxide producer in the Southeast, and a distributor of process chemicals, refrigerants, and ammonia products.

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