Praxair Inc. is engaged in the industrial gases industry. The Company’s operations are organized into five segments, four of which have been determined on a geographic basis of segmentation: North America, Europe, South America and Asia. In addition, Praxair operates its surface technologies business through its wholly owned subsidiary, Praxair Surface Technologies, Inc., which represents the fifth segment. Its primary products in its industrial gases businesses are atmospheric gases and process gases. The Company also designs, engineers, and builds equipment that produces industrial gases primarily for internal use. The Company’s surface technologies segment, operated through Praxair Surface Technologies Inc., supplies wear resistant and high temperature corrosion-resistant metallic and ceramic coatings and powders.

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