Airgas Announces Price Increases.Business Editors RADNOR, Pa.--(BUSINESS WIRE)--Dec. 21, 2000 Effective January 1, 2001, or as contracts permit, Airgas, Inc. (NYSE NYSE See: New York Stock Exchange :ARG See argument. arg - argument ) will increase prices on gases and hardgoods, which include welding, safety and other MRO MRO In currencies, this is the abbreviation for the Mauritanian Ouguiya. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. products. Prices will increase, on average, as follows: -- 10 to12 percent for industrial, medical and specialty gases -- 8 to 10 percent for all charges related to the use, distribution and maintenance of cylinders and bulk tanks -- 20 percent for 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. -- 10 to 20 percent for dry ice -- 5 to 6 percent for hardgoods, in the form of increased list prices and/or elimination of discounts This action is in response to the steadily rising costs of raw materials, diesel fuel, energy, wages and other 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. . The larger price increases for carbon dioxide and dry ice are directly attributable to the dramatic rise of natural gas prices. A large percentage of all carbon dioxide produced in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. is derived from ammonia and hydrogen processes that use natural gas as the raw material. Airgas is committed to providing its customers with unmatched product and service offerings through the industry's most comprehensive distribution network. These price increases are designed to strengthen Airgas' ability to reliably and efficiently distribute products to meet customer requirements in today's challenging economic environment. About Airgas, Inc. Airgas, Inc. is the largest distributor of industrial, medical and specialty gases and related equipment and one of the largest distributors of safety supplies in the United States. Airgas' integrated distributor network consists of approximately 700 locations, including branches, packaged gas fill plants, distribution centers, and inbound and outbound telemarketing operations. Airgas can be visited on the Internet at www.airgas.com. This press release contains forward-looking statements about Airgas within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, including statements regarding future price increases on Airgas' products. These forward-looking statements involve risks and uncertainties. Factors that could cause actual results to differ materially from those predicted in any such forward-looking statements include dependence on customers accepting higher prices, competitive pricing pressures, and general economic conditions. These and other risks are detailed from time to time in Airgas' periodic reports filed with the Securities and Exchange Commission, including, but not limited to, its report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for its fiscal year ended March 31, 2000. |
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