LEHIGH VALLEY, Pa.,
June 2, 2017 /PRNewswire/ -- Air
Products (NYSE: APD), a world-leading industrial gases company,
today announced it has recently received multiple, long-term supply
awards from semiconductor and flat panel display manufacturers in
China as the country's electronics
manufacturing industry continues to boom.
Industrial gases supply contracts awarded to Air Products over
the past 12 months call for the investment in six industrial gas
plants and a pipeline network for the supply of gaseous nitrogen
and oxygen, as well as other bulk gases. These facilities will
support existing and new customers in key electronics clusters and
industrial parks in China's major
economic regions, including the Yangtze River Delta in Eastern China, Pearl River Delta in
Southern China, and Beijing-Tianjin-Hebei
region in Northern China.
"We are greatly honored to be selected by our existing as well
as new customers to support their growth plans in China. These wins speak volumes about their
confidence in our capabilities," said Saw Choon Seong, China president, Industrial Gases at Air
Products. "Air Products has been serving the China market for 30 years. These recent
strategic investments reflect our continued commitment to
supporting the fast-paced development of electronics manufacturing
customers here who are gaining new momentum for growth under the
country's 13th Five-Year Plan and 'Made in China 2025' initiative. We will continue to
bring our scale, innovation, and reliable and safe supply to enable
them to thrive."
The Chinese Government has a strong commitment to boosting
development of the electronics industry. One initiative is the
establishment of the National Integrated Circuit Industry
Investment Fund, commonly known as the Big Fund, to invest roughly
USD 20 billion from 2014 through 2017
in the country's semiconductor industry. In addition, local
governments have also set up regional-level funds totalling around
USD 100 billion to promote key
technologies and major projects.
Air Products' wins over the past 12 months include some landmark
projects in China's electronics
industry, and some are state-level projects, such as:
- A new memory fab in the Fujian
(Jinjiang) Integrated Circuit
Industrial Park in Fujian
Province, Southern China;
and
- A new foundry in the Pukou Economic Development Zone (PKEDZ) in
Eastern China, a state-level
high-tech park which will be home to advanced manufacturing and is
only 35 kilometers away from the Nanjing Chemical Industry Park
(NCIP). Air Products has already built a leading position in the
NCIP serving several hundred customers in the park and across
Nanjing through pipelines and
various supply modes.
Air Products has been a leading industrial gases supplier to the
global electronics industry for over 40 years. In China, the company has been serving many
world-leading and domestic manufacturers in the development of next
generation electronics devices by leveraging its strong and
reliable supply network across the country. One example is the
supply to one of China's most
advanced fabs, which is located in Xian City, Western
China, and is owned and operated by a leading global
semiconductor company. Air Products is also supplying the country's
highest-generation, most advanced and most efficient TFT-LCD
(thin-film transistor liquid crystal display) fab located in the
Banan Jieshi IT Industrial Park in Chongqing City, Western China.
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