Murray Hill, NJ, September 12: BOC Gases and Linde Gas, each a member
of The Linde Group, announced that they will increase U.S. helium prices
10-15 percent, effective October 15, 2006, or as contracts allow. Larger
price increases may apply to customers who are not currently paying fuel
surcharges.
"This price increase is necessary to offset the higher cost of purchasing
and producing refined helium," said Kevin Baudhuin, president, BOC
Industrial and Special Products, North America.
"The increased helium costs are the result of
a growing reliance on purchases of high cost crude helium from the U.S.
Bureau of Land Management (BLM), government restrictions on the flow of
crude helium feedgas through the BLM pipeline and the higher cost of refined
helium purchased from third parties. Crude helium from the BLM's stockpile
is playing an increasingly important role in the helium supply chain as
crude helium production from lower cost private sources declines due to
depletion of some of the key natural gas fields that contain helium,"
Baudhuin explained.
This increase will affect customers
purchasing helium in liquid dewars, gaseous tube trailers, high-pressure
cylinders and bulk liquid containers.
BOC Gases and Linde Gas are members of The
Linde Group. The Linde Group is a world leading industrial gases and
engineering company with more than 53,000 employees working in some 70
countries worldwide. Following the acquisition of The BOC Group the company
has gases and engineering sales of approximately $16 billion. The Linde
Group is now one of the world's leading suppliers of helium to diverse
markets including magnetic resonance imaging (MRI), optical fiber
manufacturing, welding and semiconductor manufacturing. The strategy of The
Linde Group is geared towards earnings-based growth and focuses on the
expansion of its international business with forward-looking products and
services.
For more information, please see The Linde
Group online at
http://www.linde.com