Praxair Signs Long-Term Agreement to Supply Samsung Electro-Mechanics in Busan, South Korea

20-Apr-2018 Intellasia | BusinessWire | 9:56 PM Print This Post

DANBURY, Conn.–(BUSINESS WIRE)–$PX #PraxairInc–Praxair, Inc. (NYSE:PX) today announced it has signed a long-term
agreement to supply industrial gases to Samsung Electro-Mechanics (SEM),
one of the world’s largest MLCC (Multi-Layer Ceramic Capacitors)
manufacturers.

Praxair has been supplying nitrogen to SEM’s manufacturing facility in
the Noksan Industrial Complex in Busan since 2001. The new air
separation plant, which will be built, owned and operated by Praxair,
will supply an additional 425 tons per day of nitrogen to support SEM’s
world-class MLCC manufacturing expansion. The new plant will start up in
2019, further increasing Praxair’s density in the southeast region of
South Korea.

“Praxair has been reliably supplying Samsung’s facility in Noksan for
over 17 years. We are proud to strengthen this longstanding relationship
with SEM and look forward to supporting their ongoing growth and
expansion,” said B.S. Sung, president of Praxair Korea.

About Praxair

Praxair, Inc. is a leading industrial gas company in North and South
America and one of the largest worldwide.
With market capitalization of approximately $40 billion and 2017 sales
of $11 billion, the company employs over 26,000 people globally and has
been named to the Dow Jones® World Sustainability Index for 15
consecutive years. Praxair produces, sells and distributes atmospheric,
process and specialty gases,
and high-performance surface
coatings
. Our products, services
and technologies are making our planet more productive by
bringing efficiency and environmental benefits to a wide variety of industries,
including aerospace,
chemicals,
food
and beverage
, electronics,
energy,
healthcare,
manufacturing, primary metals
and many others. For more information about the company, please visit
our website at www.praxair.com.

Contacts

Praxair Media:
John Puskar, 203-837-2448
[email protected]
or
Praxair
Investors:
Juan Pelaez, 203-837-2213
[email protected]

 


Category: BusinessWire, PRAsia

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