Airgas ARG today announced that beginning October 1, 2012, or as
contracts permit, its operating units will increase prices on bulk and
packaged industrial, medical, and specialty gases 8 – 10% on average and on
helium and argon 10 – 18%. The Company will also continue to pass along 3 – 6%
higher prices for welding hardgoods and safety products. Cylinder and bulk
tank rental rates will increase 6 – 12% effective September 1, 2012, or as
contracts permit.
“We have experienced sustained inflationary pressures on our product and
operating costs this year, and supply chain disruptions in certain products
have resulted in higher distribution costs,” said Airgas President and Chief
Executive Officer Michael Molinini. “In addition, we continue to invest in our
infrastructure and technologies in order to more efficiently meet our
customers' demands while fulfilling the safety and security requirements of
our industry.”
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