Praxair Increasing Helium Prices As Much As 10%

Effective Jan. 1 of 2018, Praxair is increasing helium prices as much as 10 percent, depending on region.

DANBURY, CT — Praxair is notifying bulk liquid helium customers worldwide of increases in helium prices of up to 10 percent, depending upon the region, effective Jan. 1, 2018, or as contracts permit. Price adjustments may be higher or lower than this range in accordance with contract provisions.

This adjustment is in response to continuing cost inflation impacting crude and refined helium, including the most recent U.S. Department of the Interior, Bureau of Land Management BLM announced price increase, as well as higher distribution costs worldwide. Praxair continues to make investments and enhancements in capacity and the efficiency of its helium operations worldwide; this adjustment will further enable the company to continue to deliver high levels of supply reliability.

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 2016 sales of $11 billion, the company employs over 26,000 people globally. Praxair produces, sells and distributes atmospheric, process and specialty gases, and high-performance surface coatings.