Praxair Agreement with Honeywell Resins & Chemicals (PX, MVC)
[MVC Capital financial results for the third fiscal quarter ended July 31, 2012]
Online PR News – 11-September-2012 – Las Vegas, NV – Praxair, Inc. (NYSE:PX) PX has signed a 15-year agreement with Honeywell Resins & Chemicals for the purchase of carbon dioxide, a by-product of Honeywell's caprolactam facility in Hopewell, VA. The carbon dioxide will be purified and liquefied at Praxairs new plant at the Honeywell site which is scheduled to start up in the third quarter of 2013. The plant is expected to produce 450 tons per day which will be used primarily in food freezing and processing as well as beverage applications. PX is the largest industrial gases company in North and South America, and one of the largest worldwide, with 2011 sales of $11 billion. The company produces, sells and distributes atmospheric, process and specialty gases, and high-performance surface coatings. Praxair products, services and technologies are making our planet more productive by bringing efficiency and environmental benefits to a wide variety of industries, including aerospace, chemicals, food and beverage, electronics, energy, healthcare, manufacturing, metals and others. More information on PX is available on the Internet at www.praxair.com.
MVC Capital, Inc. (NYSE:MVC) MVC recently reported its financial results for the third fiscal quarter ended July 31, 2012. In the third quarter of 2012, the Company earned approximately $2.8 million in interest and dividend income and approximately $1.2 million in fee and other income, representing an increase in total operating income of approximately $448,000 as compared to the same quarter in 2011. MVC is a business development company traded on the New York Stock Exchange that provides long-term debt and equity investment capital to fund growth, acquisitions and recapitalizations of companies in a variety of industries. For additional information about MVC, please visit the MVC Capital's website at www.mvccapital.com.
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