2007'02.01.Thu
Praxair and Lincoln Electric Sign Mutual Cooperation Agreement

March 23, 2006

SHANGHAI, China, March 23 /Xinhua-PRNewswire/ -- Praxair China, a subsidiary of Praxair Inc. (NYSE: PX), today announced that its joint venture, Shanghai Praxair Baosteel Inc. (SPBI), has signed a cooperation agreement with Lincoln Electric China. SPBI will supply cylinders of carbon dioxide, argon, and argon blends to Lincoln Electric's welding training centre, applications engineering lab and R&D laboratories in Baoshan District, Shanghai. SPBI has also donated a complete set of manifolds to allow Lincoln to use the gases effectively. Lincoln Electric will allow Praxair to use the facilities to train its sales force, engineers and customers, promote seminars and demonstrate Praxair welding gases and solutions developments to customers. Praxair China's welding technical centre in Guangzhou Economic & Technology Development Zone, established in 2004, is the first such investment by a multinational industrial gases company in China. The cooperation with Lincoln Electric will further allow Praxair's technical team to extend the development of welding solutions to customers in East China. "One important focus of our mutual cooperation will be on the introduction of leading welding solutions to fabrication customers in China." commented Douglas Steyer, applications and market development director for Praxair Asia. "The combined application of Lincoln knowledge in welding processes and Praxair's knowledge in welding gases will allow both partners to provide an even greater level of customer service and provide solutions for a wide range of welding needs." "The cooperation of Praxair and Lincoln Electric brings together two of the strongest teams in the industry," said Zhang Xuetao, general manager of Shanghai Praxair Co., Ltd. "This is an excellent opportunity for SPBI to present welding gases application technology to customers via the Lincoln Electric network." Frank Young, Vice President, North Asia region for Lincoln Electric said "The welding industry in China is growing rapidly. As it grows the demands for improved technologies, quality, and efficiency increase. This agreement with Praxair enhances and complements our investment in our China Welding Technology Centre and positions us well to meet these industry needs. We look forward to working closely with Praxair to be the leaders in customer service and welding applications support in China." "We are delighted to form this partnership with Praxair as both Praxair and Lincoln Electric are leading companies in welding and cutting industries," commented Jian Zhang, Manager of Welding Technology Centre for Lincoln Electric China. "The cooperation will leverage the complementary strength of both companies as the combination of Lincoln Electric's knowledge in welding and Praxair's know-how in shielding gas will position both partners for future achievement in providing higher level of customer service and welding solution to customers in China." About Praxair China Praxair China, a subsidiary of Praxair, Inc., is the leading global industrial gases supplier in China, serving a diverse group of industries through the production, sale, distribution and value-added application of industrial gases. With over 1000 employees across the country, Praxair China, headquartered in Shanghai, operates 13 wholly owned companies and 11 joint ventures. More information on Praxair China is available on the Internet at http://www.praxair.com.cn . About Praxair With 27,000 employees and operations in 40 countries, Praxair, Inc. (NYSE: PX) is a global, Fortune 500 company. Praxair is the largest industrial gases company in North and South America, and one of the largest worldwide, with 2005 sales of $7.7 billion. The company produces, sells and distributes atmospheric and process 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: Juno Chen, Praxair Asia, Media Tel: +86-21-2894-7018 Email: juno_chen@praxair.com SOURCE Praxair China
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