Praxair Inc. has entered
into an agreement with SIBUR Russian Tyres to acquire
its industrial and packaged gases business in the Volgograd
region of Russia.
The business operates under the name Volzhsky
Azot and includes two air separation units and a
bulk and packaged gas business. Financial terms of the
agreement were not disclosed.
Praxair has invested in four
major projects in Russia with combined
production capacity greater than 3,500 tons per day of gaseous
and liquid oxygen, nitrogen, hydrogen and argon.
The new air separation units and hydrogen plants will be
located in the Volgograd, Sverdlovsk, Rostov and Nizhniy
Novgorod regions and will supply a diverse group of customers
in the chemical, steel and glass industries with low-cost,
high-reliability industrial gases.