Praxair China Announces Price Action

Praxair China Announces Price Action

November 12, 2007

    SHANGHAI, China, Nov. 12 /Xinhua-PRNewswire/ -- Praxair
(China) Investment Co., Ltd is notifying its merchant (bulk
liquid and packaged) industrial and medical gas customers
in China of price increase on its merchant products by 10 -
15 percent. 

    In some circumstances, the adjustment might be higher
or lower than the afore-mentioned percentage, determined by
the terms and conditions of customer contracts. 

    This price action is being implemented in response to
the escalating costs of energy and labor, which stem from
the recent rise in fuel cost and considerable increase in
the Consumer Price Index (CPI) in the country over the past
months.  

    "All along, we have been committed to keeping the
highest level of supply reliability for all our customers
in an environment of increasing costs, via continuously
rolling out productivity improvement programs including Six
Sigma/Lean projects etc. We have absorbed much of the
previous cost increases and will continue to strive to
control our costs now and in the future," said David
Chow, President of Praxair China. 

    Background

    About Praxair China

    Praxair (China) Investment Co., Ltd is a leading
industrial gas provider in China. It is headquartered in
Shanghai and has 14 wholly owned companies and 11 joint
ventures in China. More information on Praxair China is
available on the Internet at http://www.praxair.cn .

    About Praxair

    Praxair, Inc. (NYSE: PX) is the largest industrial
gases company in North and South America, and one of the
largest worldwide, with 2006 sales of $8.3 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. More information on Praxair is available
on the Internet at http://www.praxair.com .


    For more information, please contact:

     Weiwei Li
     Tel:   [phone]
     Email: [e-mail]