Airgas, Inc. (NYSE: ARG), Radnor, PA will increase prices on bulk and packaged industrial, medical and specialty gases 8-10 percent on average and on helium and argon 10-18 percent, or as contracts permit, beginning Oct. 1, 2012.
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The Company will also continue to pass along 3-6 percent higher prices for welding hard goods and safety products. Cylinder and bulk tank rental rates will increase 6-12 percent effective Sept. 1, 2012, or as contracts permit.
"We have experienced sustained inflationary pressures on our product and operating costs this year, and supply chain disruptions in certain products have resulted in higher distribution costs," said President and CEO Michael Molinini. "In addition, we continue to invest in our infrastructure and technologies in order to more efficiently meet our customers' demands while fulfilling the safety and security requirements of our industry."
