Air Liquide America L.P. announced Thursday price increases in excess of 30 percent for krypton and xenon gases and the elimination of discounts for rare gases sold in the U.S.
These changes will be effective immediately as allowed by customer contracts.
The changes are due to increased manufacturing and distribution costs related to growing demand and tightening supply for these rare gases, the company said.
In a companion announcement Thursday, Air Liquide Electronics U.S. L.P. said it will increase prices up to 10 percent for its helium and helium containing products sold in the U.S.
These increases will be effective immediately or according to the terms of customer contracts.
The company cited market conditions and economic factors such as increases in manufacturing and distribution costs, increased demand, and tightening worldwide helium supply as the reasons for the price hikes.
Air Liquide America, a distributor of packaged and specialty gases, and Air Liquide Electronics, a supplier of ultra pure gases, liquids and advanced molecules for the semiconductor industry, are both subsidiaries of American Air Liquide Holdings, Inc.