(By Balaseshan) Praxair Inc. (NYSE: PX), an industrial gases supplier, said its subsidiary has signed a long-term agreement with Messier-Bugatti-Dowty for airframe coatings in Asia.
Praxair Surface Technologies Inc. has entered into a 10-year agreement with Safran Group's unit Messier-Bugatti-Dowty for thermal spray coating services to replace chrome plating on major airframe component programs.
Praxair will commission an airframe production line in its Changzhou, China, facility for thermal spray coating and finishing services as well as a coating production cell in Changwon, South Korea, for applying automated thermal spray coatings and metallic slurries. Production is expected to commence in 2013.
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Praxair provides airframe coating services to Messier-Bugatti-Dowty through its production facilities in Canada, France, and the United Kingdom.
The company's China and South Korea coating centers are part of a global network of advanced coatings facilities that utilize leading technologies and apply best-in-class safety and quality principles.
"Praxair is pleased to expand production in Asia for Messier-Bugatti-Dowty and the Safran Group. Through our advanced coating technologies, broad range capabilities in Asia, and global production excellence, we're uniquely positioned to support Messier-Bugatti-Dowty's production of more environmentally-friendly aircraft components," said Mark Murphy, president of Praxair Surface Technologies.
PX is trading up 0.05 percent at $105.70 on Tuesday. The stock has been trading between $93.46 and $116.93 for the past 52 weeks.