Air Water to acquire Praxair India's oxygen nitrogen and argon business for $219m.

Air Water, a Japanese industrial company, agreed to acquire the related business of manufacture, sale, and distribution of oxygen, nitrogen, and argon operated in East India from Praxair. Air Water is focusing on expanding businesses as an area where they emphasize their overseas expansions. AW expects the demand for industrial gases to grow along with the economic growth in India. The onsite gas supply business for the blast furnace steel manufacturing will comprise a vast majority of this growth, according to the company.