AIRGAS ANNOUNCES CARBON DIOXIDE PRICE INCREASE.RADNOR, Pa.--(BUSINESS WIRE)--July 21, 1999-- Airgas, Inc. announced today that its carbon dioxide carbon dioxide, chemical compound, CO2, a colorless, odorless, tasteless gas that is about one and one-half times as dense as air under ordinary conditions of temperature and pressure. manufacturing subsidiary, Airgas Carbonic carbonic Adjective containing carbon Adj. 1. carbonic - relating to or consisting of or yielding carbon carbonaceous, carbonous, carboniferous , will increase the price of carbon dioxide by six percent effective on August 1, 1999. The cost of investments focused on improving product quality as well as increases in operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. necessitate the price increase. Airgas is committed to continuously meeting the increasing demand for high-quality standards of product purity and delivery. Airgas also announced the rollout of its Total Quality Control System, which ensures the highest level of confidence in the suitability and purity of its liquid carbon dioxide products from the initial design and manufacturing stage through final delivery and product storage. The system includes substantial investments in plant improvements that will enable Airgas Carbonic to exceed increasing purity specifications far into the future. Also included is a proprietary delivery system, Total Liquid Integrity, that will eliminate the possibility of cross-contamination from one customer to another and ensure that no residual product a by product, as cotton waste from a cotton mill, coke and coal tar from gas works, etc. See also: Residual from any source is returned to the system. Airgas Carbonic's production facilities are registered with the FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. and are qualified to supply carbon dioxide, U.S.P. (United States Pharmacopoeia United States Pharmacopoeia, n.pr 1., the nongovernmental organization that promotes public health and safety by establishing state-of-the-art standards for medications. Also called USP-NF. 2. ). Airgas Carbonic is the fourth largest manufacturer of carbon dioxide in the United States. Airgas, Inc. is the largest distributor of industrial, medical and specialty gases and related equipment, and the third largest distributor of safety supplies, in the United States. Airgas' integrated distributor network consists of more than 700 locations, including branches, distribution centers and inbound and outbound telemarketing operations. Airgas can be visited on the Internet at www.airgas.com. |
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