LEHIGH VALLEY, Pa.,
April 5, 2017 /PRNewswire/
-- Air Products (NYSE: APD), a world-leading industrial gases
company serving Guangdong in
South China for 30 years, today
announced that it has started up another new oxygen and nitrogen
plant in the province. The plant further enhances the company's
production capacity and supply position in this important
industrial base, and supports a leading global manufacturer to
produce materials for high-tech displays under a long term
contract.
The state-of-the-art cryogenic air separation plant, capable of
producing both gaseous oxygen and nitrogen, comes with an
innovative modular design which allows for easy field installation
and requires less land space.
"We are excited about bringing additional capacity to provide
high quality and reliable industrial gases to help our customer
meet their productivity, efficiency, quality and sustainability
goals," said Saw Choon Seong, China president, Industrial Gases at Air
Products. "This latest investment will put Air Products in an even
stronger position in this important region. It also
represents our on-going commitment to supporting the Chinese
government to achieve industrial development and upgrade under its
13th Five-Year-Plan and 'Made in China 2025' strategy."
The Guangdong government is
implementing the Intelligent Manufacturing Development Plan of
Guangdong (2015-2025) to
accelerate the transformation of the manufacturing sector from
"making" to "innovating". Increased industrial gases demand is
expected from traditional core industries including electronics,
glass, papermaking, automobiles, pharmaceuticals, food and
beverage, as well as emerging segments including information and
communications, advanced fabrication, new materials and
biotechnology.
Air Products was one of the first multinational industrial gas
corporations to enter China when
setting up its first plant in Shenzhen in 1987. Following 30 years of
continuous growth and investment, it has today around 2,500
employees, a number of regional capabilities including engineering
capabilities, a cryogenic equipment manufacturing center, a
technology center, a strategic sourcing center and an IT
application solutions center, as well as over 130 production
facilities serving a long list of customers across the
country. In Guangdong, the company operates a strong and
reliable supply network across the Pearl River Delta to support the
growing demand from over 30 industries, from small to very large
volumes through different supply modes including on-site, liquid
bulk, CryoEase® service and cylinders. Prior to
this newly added facility, a packaged gases plant was opened in
Dongguan last year.
About Air Products
Air Products (NYSE: APD) is a
world-leading Industrial Gases company in operation for over 75
years. The Company's core industrial gases business provides
atmospheric and process gases and related equipment to
manufacturing markets, including refining and petrochemical,
metals, electronics, and food and beverage. Air Products is also
the world's leading supplier of liquefied natural gas process
technology and equipment.
The Company had fiscal 2016 sales of $7.5
billion from continuing operations in 50 countries and has a
current market capitalization of approximately $30 billion. Approximately 16,000 employees are
making Air Products the world's safest and best performing
industrial gases company, providing sustainable offerings and
excellent service to all customers. For more information, visit
www.airproducts.com.
NOTE: This release may contain forward-looking statements
within the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are
based on management's reasonable expectations and assumptions as of
the date of this release regarding important risk factors. Actual
performance and financial results may differ materially from
projections and estimates expressed in the forward-looking
statements because of many factors not anticipated by management,
including risk factors described in the Company's Form 10K for its
fiscal year ended September 30,
2016.
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SOURCE Air Products