Praxair Volgograd, a subsidiary of Praxair, Inc. (NYSE: PX), has entered into a long-term contract to supply oxygen, nitrogen and compressed air to Plastkard, a division of the Nikochem Group, a leading Russian chemical company.
Praxair will build a new, energy-efficient air separation plant with a capacity of 350 tons per day in Volgograd, the center of an industrial region in southern Russia. The new plant, scheduled to start up late 2011, will replace older air separation plants and produce liquid products for the merchant market in the region. Plastkard is Russia’s third largest producer of polyvinyl chloride, a widely used plastic.
“As Russia continues to invest in its industrial infrastructure, demand for industrial gases is accelerating,” said Todd Skare, president of Praxair Europe and Middle East. “We look forward to working with Nikochem and other customers in Russia to bring energy-efficiency, productivity and environmental benefits to their operations.”
Praxair is the largest industrial gases company in North and South America, and one of the largest worldwide, with 2009 sales of $9 billion. The company produces, sells and distributes atmospheric, process and specialty gases, and high-performance surface coatings. Praxair products, services and technologies bring productivity and environmental benefits to a wide variety of industries, including aerospace, chemicals, food and beverage, electronics, energy, healthcare, manufacturing, metals and others.