DANBURY, Conn.-- Praxair Bahrain, the Middle East-based subsidiary of Praxair, Inc. (NYSE: PX) has announced the start-up of its first air separation plant in the Kingdom of Bahrain. As part of the long-term contract, Praxair will supply oxygen, nitrogen and argon to United Steel Company (SULB) B.S.C. to support the company's ongoing expansion efforts.
The start-up of this plant, along with the earlier acquisition of Bahrain Medical and Industrial Gas Plants, establishes Praxair as a fully-integrated industrial gases business in Bahrain, complete with on-site, merchant and packaged gas operations.
Praxair's plant has the capacity to produce 350 tons of oxygen per day, making it the largest air separation unit in Bahrain. Located in the Al-Hidd industrial area, SULB is the first fully-integrated medium and heavy beams and structural steel sections producer in the Middle East, serving industries such as infrastructure, construction and industrial. Praxair's air separation plant will also produce liquid nitrogen, oxygen and argon to supply a diverse group of customers in the regional merchant market, including hospitals, metal fabricators, aluminum manufacturers, refiners, chemical plants and food freezers.
We are proud to have been chosen to support United Steel Company's expansion in the Middle East, and we look forward to working together to promote industrial development in the region, said Vipin Sher, managing director, Middle East for Praxair. The start-up of this plant, along with the earlier acquisition of Bahrain Medical and Industrial Gas Plants, establishes Praxair as a fully-integrated industrial gases business in Bahrain, complete with on-site, merchant and packaged gas operations.
As a result of this expansion, SULB will be one of the lowest cost steel producers in the world, said Khalid A Al-Qadeeri, SULB's chairman and managing director. And, we are confident that Praxair, with its extensive experience in supporting the steel industry, will provide us with safe, reliable and efficient operations.
Praxair, Inc. (NYSE: PX), is the largest industrial gases company in North and South America, and one of the largest worldwide, with 2012 sales of $11 billion. The company produces, sells and distributes atmospheric, process and specialty gases, and high-performance surface coatings. Praxair 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, metals and others. More information on Praxair, Inc. is available on the Internet at www.praxair.com.
United Steel Company (SULB) B.S.C. is a joint venture between Bahrain-based Gulf United Steel Holding Company (Foulath), the Middle East's leading steel investment and holding company, and Yamato Kogyo Co., Ltd. of Japan, a leading global beams and structural sections producer. Foulath and Yamato Kogyo own 51% and 49% of SULB, respectively.
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