LEHIGH VALLEY, Pa.,
Nov. 28, 2016 /PRNewswire/ -- Air
Products (NYSE: APD), a leading supplier of industrial gases in
Poland, and Grupa Azoty Zakłady
Azotowe Kędzierzyn S.A., part of Grupa Azoty, the second largest
producer of mineral fertilizers in the European Union, have signed
a long-term contract for the delivery of oxygen and nitrogen. The
agreement will remain valid until the end of 2035 and extends
cooperation between the companies which dates back to 1997. The
contract also secures Air Products' position as a key supplier to
major industries in Poland.
Under the contract, Air Products will provide oxygen and
nitrogen gas to the Grupa Azoty Zakłady Azotowe Kędzierzyn plant,
as well as liquid oxygen and nitrogen to other customers in
Poland. The project will be
implemented on the basis of an upgrade of Air Products' production
facility which, with a capacity of approximately 2,000 tons per
day, is one of the largest of its kind in Poland. Industrial gases supplied by Air
Products are used by Grupa Azoty Zakłady Azotowe Kędzierzyn S.A.
for the production of ammonia, OXO alcohols and in auxiliary
processes. Nitrogen is also used to ensure the safety of production
facilities on-site.
"We value long-term relationships with our clients based on
mutual trust. Our long and successful cooperation with Grupa Azoty
Zakłady Azotowe Kędzierzyn S.A. has resulted in the signing of a
new contract extending our commitment to supply gases critical to
our customer's operations. The plant in Kedzięrzyn–Koźle is the
largest Air Products production unit in Central Europe. Poland is a key market for us and we plan for
continued growth and development here," said Piotr Wieczorek, vice president, Air Products
Central Europe.
"An agreement with such a large and reliable partner as Air
Products guarantees a stable supply of industrial gases for the
needs of our business in Kędzierzyn," stated Mariusz Bober, CEO of Grupa Azoty, who took part
in the signing of the contract.
"Along with signing the agreement, the Air Products production
plant will also be modernized. This is particularly important since
our company uses such a significant amount of industrial gases,"
said Mateusz Gramza, President of
the Management Board of Grupa Azoty Zakłady Azotowe Kędzierzyn
S.A.
Liquid nitrogen has a number of applications due to its unique
properties. Its very low temperature allows it to be used for quick
food freezing, ice cream manufacture and packaging of food products
(e.g., snacks or drinks). It is also used for cryotherapy,
production of plastic, metal processing and for the production of
artificial snow. Liquid oxygen is used by hospitals, for water
treatment, and for oxygenating the water in fish farms. Oxygen is
also used to improve quality and efficiency in the production of
metals and glass.
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 $9.5
billion and has a current market capitalization of
approximately $30 billion.
Approximately 17,000 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.
Grupa Azoty Zakłady Azotowe Kędzierzyn S.A.
Listed on the Warsaw Stock Exchange (WSE:ATT), Grupa Azoty
(whose parent company is Grupa Azoty S.A. with headquarters in
Tarnów) is one of the key capital groups of the fertilizer –
chemical industry in Europe and
the outcome of a series of mergers and takeovers of chemical
companies.
The Group includes such entities as: Grupa Azoty S.A. (parent
company), Grupa Azoty Zakłady Azotowe "Puławy" S.A, Grupa Azoty
Zakłady Chemiczne "Police" S.A., and Grupa Azoty Zakłady Azotowe
Kędzierzyn S.A. At present, Grupa Azoty is the second largest
manufacturer of nitrogen-based and complex fertilizers in the
European Union.
Thanks to the manufacturing of such products as melamine,
caprolactam, polyamides, OXO alcohols and titanium dioxide, Grupa
Azoty has also become one of the major global chemical companies.
Grupa Azoty products are used in various industries
internationally.
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.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/air-products-and-grupa-azoty-zakady-azotowe-kdzierzyn-sa-sign-new-contract-for-the-supply-of-industrial-gases-300368929.html
SOURCE Air Products