Airgas Nitrous Oxide Raises Pricing 7%, Institutes Fuel Surcharge.Business Editors RADNOR, Pa.--(BUSINESS WIRE)--March 7, 2003 Airgas Nitrous Oxide nitrous oxide or nitrogen (I) oxide, chemical compound, N2O, a colorless gas with a sweetish taste and odor. Its density is 1.977 grams per liter at STP. It is soluble in water, alcohol, ether, and other solvents. , a business unit of Airgas, Inc. (NYSE NYSE See: New York Stock Exchange :ARG See argument. arg - argument ), today announced it will raise the price of bulk nitrous oxide an average of approximately 7 percent for national and international customers beginning April 14, 2003. Pricing will go into place in accordance with specific contract terms and conditions. Rising costs of raw materials, energy, insurance and labor over the last two years are driving the need for the price increase. Airgas Nitrous Oxide also will institute a fuel surcharge of roughly 2% to its bulk customers directly related to higher transportation costs experienced in recent months. The separate fuel surcharge is temporary and Airgas plans to reverse it once transportation costs subside sub·side intr.v. sub·sid·ed, sub·sid·ing, sub·sides 1. To sink to a lower or normal level. 2. To sink or settle down, as into a sofa. 3. To sink to the bottom, as a sediment. 4. , as it has done in the past. Airgas Nitrous Oxide is the nation's largest producer of nitrous oxide and runs four plants producing the product used in a variety of medical and industrial uses. About Airgas, Inc. Airgas, Inc. (NYSE:ARG) is the largest U.S. distributor of industrial, medical and specialty gases, welding, safety and related products. Its integrated network A network that supports both data and voice and/or different networking protocols. See converged network and new public network. of nearly 800 locations includes branches, retail stores, gas fill plants, specialty gas labs, production facilities and distribution centers. Airgas also distributes its products and services through eBusiness, catalog and telesales telesales Noun the selling of a commodity or service by telephone telesales npl → televentas fpl telesales npl → channels. Its national scale and strong local presence offer a competitive edge to its diversified customer base. For more information, please visit www.airgas.com. |
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