LEHIGH VALLEY, Pa.,
Jan. 9, 2017 /PRNewswire/ -- Air
Products (NYSE: APD) today announced it will increase nitrogen
production to serve the growing demand of its existing customer in
Pyeongtaek City, Gyeonggi Province, South
Korea. It is Air Products' second phase of capacity
expansion to supply the semiconductor fab.
Air Products was awarded a major contract in 2015 for the supply
of its industrial bulk gases and bulk specialty gas supply system.
The company is undertaking a multi-phase expansion project
involving multiple ultra high-purity nitrogen plants, hydrogen
generators and a liquefier. In this phase, a second nitrogen plant
will be built.
"We are pleased to bring additional nitrogen capacity to the
semiconductor fab to support its increasing demand," said
Kyo-Yung Kim, president of Air
Products Korea. "Our latest expansion represents Air Products'
commitment to growing together with customers in the expanding
region through continued investment. It will put us in an even
stronger position to deliver our safe and reliable industrial gas
solutions in a very cost-effective way."
A leading integrated gases supplier for the global electronics
industry, Air Products has more than 40 years of experience in the
safe and reliable delivery of gases to a variety of markets,
including some of the world's biggest technology companies. Air
Products is working with these industry leaders to develop the next
generation of semiconductors and displays for tablets, computers
and mobile devices.
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