LEHIGH VALLEY, Pa.,
Aug. 18, 2016 /PRNewswire/
-- Air Products (NYSE: APD), a world-leading industrial gases
company, today announced the opening of its new state-of-the-art
non-electronics specialty gases and helium transfill facility in
Ochang, North Chungcheong, South
Korea, to meet the growing demand driven by the automotive,
electronics, analytical, bio-healthcare, petrochemical, refining
and other industries.
Located geographically at the center of South Korea, Ochang has been developed as an
industrial complex for high-tech industries, including fine
chemical, pharmaceutical, and electronic material manufacturing.
The new plant will enable Air Products to deliver its
non-electronics ultra high purity specialty gases (99.995% and
above)−including rare gases and mixtures, as well as packaged
helium−to these markets more efficiently and reliably.
"Korea is an important market for Air Products, and we are
excited about inaugurating this gas transfill in the North
Chungcheong Province, which is a key region for our specialty gases
and helium business here," said Kyo-Yung
Kim, president of Air Products Korea. "With this investment,
we are now able to gain better access to the growing markets, stay
even closer to our customers, and respond faster to their
increasing needs with our quality products and reliability. It
represents another step in the strategy to further strengthen our
local supply capabilities and distribution network across the
country to drive sustainable growth."
Specialty gases represent gases which are rare or ultra-high
purity, and their unique properties can help industries improve
yields, optimize performance and lower costs. Produced by the
award-winning BIP® purification technology with advanced
cylinder and valve designs, Air Products' market-leading
Experis® ultra-high purity gas product range have become
the analytical standard for all applications requiring consistently
low level of impurities. The specialty gases produced by Air
Products' Ochang plant are supplied in 10 liter 150 bar cylinders,
47 liter 150 bar cylinders and cylinder packs, as well as 50 liter
180 bar cylinders, and will be supplied in 50 liter 200 bar
high-pressure and large-volume cylinders.
Air Products is also a global leader in helium production with
numerous facilities around the world. It has pioneered many
of the extraction, production, distribution and storage
technologies used in the industry today. Helium is used in many
unique and valued applications including: magnetic resonance
imaging (MRI); fiber optics and semiconductor manufacturing;
metallurgy; analytical chemistry; pressurizing and purging pipes,
vessels, and other critical equipment; leak detection; and other
advanced applications.
About Air Products
Air Products (NYSE:APD) is a
world-leading Industrial Gases company celebrating 75 years of
operation. 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's Materials Technologies
business serves the semiconductor, polyurethanes, cleaning and
coatings, and adhesives industries.
The company had fiscal 2015 sales of $9.9
billion and has a current market capitalization of more than
$30 billion. Approximately 19,000
employees in 50 countries strive to make 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,
2015.
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SOURCE Air Products