JSW Steel Selects Praxair to Supply Oxygen in Vijaynagar.DANBURY, Conn. -- Praxair, Inc. (NYSE NYSE See: New York Stock Exchange : PX) announced today that JSW JSW Japan Steel Works JSW Joint Space Width JSW Joint Standoff Weapon Steel has selected Praxair India, the largest industrial gas producer in India, to meet its industrial gas needs for the expansion of its steel plant in Vijaynagar from 6.8 million tonnes (7.5 million tons) to 10 million tonnes (11 million tons) per year by 2010. Praxair will build and operate a state-of-the art, 1,800-tonnes-per-day (1,984 tons) air separation plant equipped with advanced process controls and energy-efficient process cycles. Praxair will also install significant storage capacity for liquid oxygen, liquid nitrogen Noun 1. liquid nitrogen - nitrogen in a liquid state atomic number 7, N, nitrogen - a common nonmetallic element that is normally a colorless odorless tasteless inert diatomic gas; constitutes 78 percent of the atmosphere by volume; a constituent of all living and liquid argon argon (är`gŏn) [Gr.,=inert], gaseous chemical element; symbol Ar; at. no. 18; at. wt. 39.948; m.p. −189.2°C;; b.p. −185.7°C;; density 1.784 grams per liter at STP; valence 0. , primarily to meet JSW's requirements and in order to supply merchant liquids to the fast growing region A growing region is an area suited by climate and soil conditions to the cultivation of a certain type of crop. Most crops are cultivated not in one place only, but in several distinct regions in diverse parts of the world. of southern India. "JSW is happy to select Praxair as its partner for meeting part of its industrial gases requirement for its expansion plans," said Mr. Sheshagiri Rao, Director - Finance, JSW. "We are proud to have been selected by JSW for their new requirements and are committed to globally growing with and providing value to JSW," said John Panikar, Managing Director, Praxair India Pvt Ltd. Jindal Praxair Oxygen Company Limited (JPOCL) currently supplies JSW's highly efficient Corex process. JPOCL is a joint venture between JSW Steel and Praxair, which operates two of the largest air separation plants in India with a combined oxygen capacity of 5,000 tonnes (5,511 tons) per day. JSW Steel is the flagship company of the JSW Group - one of the fastest growing industrial companies in India, with extensive operations in the steel, power, cement, aluminum and infrastructure industries. The group reported revenues of U.S. $2.5 billion for the fiscal year ended March 31, 2007. JSW Steel is ranked No. 8 among the top 20 world-class steel producers and plans to grow its basic steel making capacity in India to 30 million tonnes (33 million tons) per year. About Praxair India Praxair India, headquartered in Bangalore, is the largest industrial gas producer in India, with more than 35 operating locations. More information about Praxair India is available on the Internet at www.praxair.com/india. Praxair India's parent company, Praxair, Inc., is the largest industrial gases company in North and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. , and one of the largest worldwide with 2006 sales of US $8.3 billion. The company produces, sells and distributes atmospheric and process gases, and high-performance surface coatings Surface coating A substance applied to other materials to change the surface properties, such as color, gloss, resistance to wear or chemical attack, or permeability, without changing the bulk properties. . Praxair products, services and technology bring productivity and environmental benefits to a wide variety of industries, including aerospace, chemicals, electronics, energy, food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. , healthcare, manufacturing, metals and others. More information about Praxair is available on the Internet at www.praxair.com. |
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