LEHIGH VALLEY, Pa.,
June 27, 2017 /PRNewswire/ -- Air
Products (NYSE: APD), a world-leading industrial gases company,
today announced it has been awarded the industrial gases supply to
support the capacity expansion of the Tianjin facility of Semiconductor
Manufacturing International Corporation (SMIC), one of the world's
leading semiconductor foundries and the largest and most advanced
foundry in mainland China. This
major win further strengthens Air Products' leading position and
commitment to the country's electronics manufacturing
industries.
To support the customer's expansion, Air Products will build an
on-site nitrogen plant and leverage its existing air separation
unit and liquid gases capacity to supply a broad range of
high-purity bulk gases, including nitrogen, oxygen, argon, carbon
dioxide, hydrogen and helium, as well as compressed dry air.
SMIC's Tianjin facility is
located in the state-level Xiqing Economic and Technological
Development Area (XEDA), a key electronics industry base in the
northern China city. The current
facility has been using Air Products' high-purity nitrogen, oxygen,
argon and helium since 2004 for producing 8-inch (200mm) wafers. It
is building a new fab as part of its expansion project to become
the world's largest integrated 8-inch IC production line with
capacity of 150,000 wafers/month.
"SMIC is our long-term strategic customer and we are honored to
have their continued confidence in our capabilities to support
their expansion in Tianjin," said
Saw Choon Seong, China president,
Industrial Gases, at Air Products. "Air Products is committed to
supporting our customers' growth and the advancement of
China's IC and other electronics
manufacturing industries as guided by the government's
13th Five-Year Plan and 'Made in China 2025' strategy. By expanding our
capacity in Tianjin and XEDA, we
will have an even stronger position with our infrastructure and
pipeline network. We are prepared to meet the increasing demands
from the thriving electronics and other high-end manufacturing
industries, while growing our business further."
China's IC industry is
developing at a fast pace as driven by a major government
initiative launched in 2014 with billions of dollars of funding to
advance its domestic electronics manufacturing industries. Several
industrial clusters have emerged across the country, including
Tianjin, where the IC industry is
attracting increasing investments.
A leading integrated gases supplier serving the global
electronics industry for over 40 years, Air Products has been
supplying many world-leading and domestic IC and other electronics
manufacturers in China. The
company is building new plants in Fujian Province and the Nanjing
Pukou Economic Development Zone in Southern and Eastern China respectively to supply its IC
customers.
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