LEHIGH VALLEY, Pa.,
July 19, 2016 /PRNewswire/ -- Air
Products (NYSE: APD), a world-leading industrial gases company,
today announced it will build a new plant and associated
infrastructure in the Pukou Economic Development Zone (PKEDZ),
Nanjing, eastern China, to supply ultra-high purity gases to
its customers in the park.
The PKEDZ is a state-level high-tech park that will be home to
advanced manufacturing sectors including integrated circuit (IC),
new materials and bio-medicine. Both located in the Jiangbei New
Area, the PKEDZ is only 35 kilometers away from the Nanjing
Chemical Industry Park (NCIP), where Air Products has already built
a leading position serving several hundred customers in the park
and across Nanjing through
pipelines and various supply modes.
"This is a strategic project and important milestone for Air
Products. First, it demonstrates our commitment to support our
valued customers as they expand internationally. Second, the
investment positions us for continued growth, fueled by
China's booming semiconductor
industry and its high-tech manufacturing target, under the
13th Five Year Plan. It also further strengthens our
position in Nanjing, which is a
rising star of world-class IC manufacturing," said Saw Choon Seong,
China president, Industrial Gases,
Air Products. "As in NCIP, we look forward to bringing our safe,
reliable, innovative and sustainable gas solutions to PKEDZ and
growing together with the park."
In NCIP, Air Products has established a solid and strategic
integrated supply position since starting to invest 10 years ago,
with three large air separation units serving multiple park tonnage
customers, including Wison and Celanese, via pipelines and also the
city's merchant gas markets. With the latest investment in PKEDZ,
Air Products further expands its supply capabilities and
strengthens its leading position to tap the increasing business
opportunities in Nanjing.
A leading integrated gases supplier to the global electronics
industry, Air Products has been committed to supporting
China's semiconductor industry in
the development of next generation consumer devices such as smart
phones, tablet computers, and digital cameras; and is supplying
many of the world-leading manufacturers.
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 is ranked number 288 on the Fortune 500 annual
list of public companies. 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