LONDON, UK / ACCESSWIRE / October 17, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Praxair, Inc. (NYSE: PX), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=PX. The Company announced on that it had entered into a long-term contract with Shanghai Huali Microelectronics Corp. (HLMC), a subsidiary of Huahong Group, based in Shanghai, for the supply of nitrogen, high purity oxygen, helium and other gases. For immediate access to our complimentary reports, including today's coverage, register for free now at:

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Praxair aims to provide 600 tons per day nitrogen to HLMC's new production base in Kangqiao Industrial Park, located 15 kilometers away from their existing site at Zhangjiang Hi-tech Park in Shanghai, China. Praxair plans to build and operate two new air separation plants for doing that and will start supply to HLMC from early 2018 to work along with the Company's commissioning and production schedule. Praxair has previously supplied long-term bulk gas supply since 2010 to HLMC's Zhangjiang site.

HLMC has on its own invested more than US$5.7 billion towards its business and process technology to support 28 to 14 nm nodes. Also, its new 12-inch wafer product-line is an important subproject under the National "910 Project". This is touted as a project of paramount importance from an industrial and engineering realm for Shanghai and is part of China's 13th five-year integrated circuit industry major productivity plan.

As president of Praxair China, Will Li explained that the new project will boost the competitive position in the semiconductor industry and will help in building density in China. They were proud to be associated with HLMC and be the supplier of choice for their fabrication needs in Shanghai along with support to growth in the electronics market.

About China's 13th Five- year Plans

China has been working out its investment and economic strategies and guidelines in the form of these five- year plans since its adoption of communism. The 13th Plan calls for doubling China's average disposable income from its 2010 level and ending absolute poverty. The economic growth needs to be maintained at a minimum 6.5% average annual pace over the course of the 13th Five-Year Plan. The Made in China 2025 industrial agenda released in May 2015 by the Ministry of Industry and Information Technology (MIIT) is modeled on templates pioneered by Germany and Japan to upgrade and digitize industrial production under the term "Industry 4.0", and it emphasizes the need for enterprises to strengthen their design capabilities and brands.

The plan emphasizes ten high-tech industries empowerment by China's state agencies: aviation and aerospace; agriculture; electrical power; new energy automotives; high-end robotics; next-generation information technology; new materials and composites; rail transportation; maritime engineering; biomedical and advanced medical equipment. The expected combined value of these "strategic emerging industries" is expected to account for 15% of total GDP by 2020.

About Praxair, Inc.

Praxair is a leading industrial gas company in North and South America and one of the largest worldwide. With a market capitalization of approximately $40 billion and 2016 sales of $11 billion, the Company employs over 26,000 people globally and has been named to the Dow Jones® World Sustainability Index for 15 consecutive years.

Praxair produces, sells, and distributes atmospheric, process and specialty gases, and high-performance surface coatings. Their products, services, and technologies are making the planet more productive by bringing efficiency and environmental benefits to a wide variety of industries, including aerospace, chemicals, food and beverage, electronics, energy, healthcare, manufacturing, primary metals and many others.

About HLMC

HLMC is the first 300 mm full-automatic integrated circuit (IC) foundry production line in Mainland China. Its process technology has the ability to cover 55-40-28 nm nodes with maximum full capacity of 35,000 wafers per month. It provides logic and flash foundry services for fabless companies IDM companies and other system companies.

Last Close Stock Review

On Monday, October 16, 2017, the stock closed the trading session at $141.29, marginally falling 0.65% from its previous closing price of $142.21. A total volume of 746.58 thousand shares have exchanged hands. Praxair's stock price surged 5.31% in the last three months, 19.41% in the past six months, and 20.58% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have rallied 20.56%. The stock is trading at a PE ratio of 26.41 and has a dividend yield of 2.23%. At Monday's closing price, the stock's net capitalization stands at $40.42 billion.

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