Girish Mahajan (Editor)

Praxair

Updated on
Share on FacebookTweet on TwitterShare on LinkedInShare on Reddit
Covid-19
Type  Public
Website  http://www.praxair.com
Chief information officer  Earl Newsome
Number of employees  26,000
Founded  1907
Revenue  10.8 billion USD (2015)
CFO  Matthew J. White
Praxair wwwpngpixcomwpcontentuploads201607PNGPIXC
Traded as  NYSE: PX S&P 500 Component
Industry  Chemicals (industrial gases)
Key people  Steve Angel - Chairman, President and CEO
Headquarters  Danbury, Connecticut, United States
CEO  Stephen F. Angel (1 Jan 2007–)
Subsidiaries  Praxair Surface Technologies Inc
Profiles
LinkedInFacebookYouTube

Praxair proud


Praxair, Inc. is an American worldwide industrial gases company. It is the largest industrial gases company in North and South America, and the third-largest worldwide by revenue.

Contents

Praxair proud around the world


History

The company was founded by Carl von Linde as Linde Air Products Company in 1907. In 1917, it joined with 4 other chemical companies under the name Union Carbide and Carbon Corporation, while maintaining a separate identity. Its degree of independence waxed and waned over the years, and in 1989, it was spun off as a subsidiary, Union Carbide Industrial Gases Inc., and renamed to Praxair when it became a formally independent company three years later. The name is derived from a combination of the Greek word "praxis", or practical application, and "air", the company's primary raw material.

Praxair was the first company in North America to commercialize cryogenically separated oxygen. The company introduced the first distribution system for liquid gas in 1917 and developed on-site gas supply in the 1940s. In the 1960s, Praxair introduced non-cryogenic means of air separation.

In August 2016 it was publicly announced that the American company was in official negotiations to merger with the German competitor Linde Group, which would form the world's largest gas supplier. The following month in September the negotiations were halted and suspended indefinitely. As of mid December 2016 Praxair has resumed negotiations with Linde for a potential merger In late December an official announcement was made that Praxair has reached an agreement to merger with Linde in a deal valued at $35 billion.

References

Praxair Wikipedia


Similar Topics
Carnival Story
Lucas Baldin
Muktesh Pant
Topics
 
B
i
Link
H2
L