Praxair Inc. and Praxair Canada Inc. said Friday that it is increasing some of its prices effective Sept. 1 or as its contracts with customers permit.
The company is increasing the price for nitrogen, oxygen, argon, hydrogen and carbon dioxide by up to 10 percent. It is raising the price for helium by up to 5 percent. And it is increasing its facility fees or monthly basic charges and cylinder rental rates by up to 10 percent.
The companies said the adjustments are necessary to support continued reinvestment in equipment, facilities and sources to maintain reliable supply and to offset an accumulation of costs.
Praxair is the largest industrial gases company in North and South America, and one of the largest worldwide.