LEHIGH VALLEY, Pa.,
April 5, 2016 /PRNewswire/
-- Air Products (NYSE: APD) today announced it has been
awarded a long-term contract by JCET STATS ChipPAC Korea Ltd.
(JSCK), a leading semiconductor packaging and test services
provider, to supply tonnage quantities of nitrogen to its new
production facility in Incheon, South
Korea.
Air Products will build, own and operate a new on-site nitrogen
plant—which is expected to come onstream in 2016—to produce gaseous
nitrogen for JSCK's new facility located in the Yeongjongdo
development area of the Incheon Free Economic Zone (IFEZ). Air
Products will start supplying JSCK with liquid nitrogen from
another one of its facilities beginning the middle of this
year.
"We are honored to have been selected to support JSCK's
expansion plan and look forward to growing together with our valued
customer," said Kyo-Yung Kim,
president of Air Products Korea. "Air Products has been a leading
supplier to electronics customers worldwide thanks to their
longstanding trust in our safety and reliability, as well as
product and service quality. We will continue to bring innovative
and efficient gas solutions to meet market needs."
STATS ChipPAC is one of the leading semiconductor packaging and
test services providers for many leading global customers in the
communication, consumer and computing markets and is ranked fourth
in the world's packaging market with manufacturing operations in
Singapore, South Korea and China. Its new production facility will use
Air Products' nitrogen for the manufacture of advanced flip chip,
wirebond and 3D packaging solutions.
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 was ranked number 284 on the Fortune 500 annual
list of public companies. Approximately 20,000 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