Praxair Signs Long-Term Contract to Supply EverDisplay Optronics in Shanghai, China

January 22, 2018

DANBURY, Conn.–(BUSINESS WIRE)–$PX #PraxairInc—Praxair,
Inc. (NYSE: PX) today announced it has signed another long-term
contract with an electronics manufacturer in Shanghai, China. Praxair
will build, own and operate multiple air separation plants that will
supply high-purity nitrogen and oxygen to EverDisplay Optronics (EDO),
the first mass producer of 4.5-generation AMOLED displays in the
country. Under the terms of the contract, Praxair will also supply EDO
with helium and other gases.

Praxair’s plants will provide a combined 720 tons per day of nitrogen to
EDO’s new 6th-generation AMOLED project in Shanghai. The nitrogen will
be used in EDO’s manufacturing processes. The bulk gas supply is
scheduled to begin in mid-2018, followed by additional supply from the
air separation plants, which are expected to start up in 2019.

EDO will invest more than US$ 4.1 billion in its new project, which is
the only AMOLED project supported by the Shanghai government and one of
the focal projects in China’s 13th five-year plan.

“We are pleased to select Praxair as a valued supplier,” said Huiran
Liu, vice general manager of EDO. “As a leading industrial gas company,
we know Praxair will provide us a safe, reliable and competitive gas
supply. We are looking forward to our close cooperation and the
completion of the new project.”

“China is one of the world’s largest and fastest growing AMOLED
markets,” said Will Li, president of Praxair China. “This project
further builds on our long history of successfully serving electronics
customers in China and around the world. Through this new agreement, we
will continue to enhance our competitive position in Shanghai.”

About Praxair

Praxair, Inc. is a leading industrial gas company in North and South
America and one of the largest worldwide.
With 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. Our products, services
and technologies are making our 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. For more information about the company, please visit
our website at www.praxair.com.