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Industrial gases company Praxair Inc. (NYSE: PX), Danbury, CT, will increase prices on bulk and packaged industrial, medical and specialty gases and hardgoods beginning July 15, 2014. Praxair will also increases facility fees and cylinder rental rates.
Prices for nitrogen, oxygen, hydrogen, helium and carbon dioxide will increase up to 15 percent, and hardgoods, facility fees or monthly bulk product charges and cylinder rental rates will increase up to 10 percent.
Price adjustments will vary as permitted by individual supply contracts. These adjustments are required to offset continuing escalation of costs for production, distribution, feedstock sourcing and other operational factors.