Airgas to Build New Air Separation Unit (ASU) in Tuscaloosa, AL
March 27 2015 - 7:30AM
Business Wire
New Plant Will Supply Nucor Corporation and
Expand Merchant Gas Presence in the Region
Airgas, Inc. (NYSE: ARG), one of the nation’s leading suppliers
of industrial, medical, and specialty gases, and related products,
today announced that it has signed a long-term agreement to build
an air separation unit (ASU) to supply tonnage oxygen, nitrogen and
argon via pipeline to Nucor Steel Tuscaloosa, Inc., a subsidiary of
Nucor Corporation, at its steel manufacturing plant in Tuscaloosa,
Alabama.
“We’re excited about our new partnership with Nucor and look
forward to serving its gas needs in Tuscaloosa with our new,
state-of-the-art atmospheric gas production facility,” said Airgas
President and Chief Executive Officer Michael L. Molinini.
Airgas’ new large-scale ASU will be constructed adjacent to the
existing Nucor facility and is expected to be on-stream in the
spring of 2017. The ASU will also produce oxygen, nitrogen, and
argon to support the region’s merchant bulk gas market.
“Airgas has been very responsive in understanding and
formulating solutions to our gas supply needs and, through the new
ASU, will provide Nucor with an innovative and highly reliable
long-term supply system,” said Randy Skagen, Vice President and
General Manager of Nucor Steel Tuscaloosa, Inc. “We look forward to
a successful relationship with Airgas.”
"On behalf of the Tuscaloosa County Industrial Development
Authority board of directors, I would like to congratulate Airgas
on its announcement of a new ASU in Tuscaloosa, Alabama," said Dara
Longgrear, Executive Director of the Tuscaloosa County Industrial
Development Authority. "Our community is proud to support Airgas
and Nucor Steel and we look forward to future opportunities and
growth in Tuscaloosa through this new facility."
Airgas currently owns and operates 16 ASUs and is the
fifth-largest producer of atmospheric gases in the U.S. The
Company’s full range of gas supply modes – from cylinders and
dewars to microbulk, bulk, and on-site – enables its customers to
optimize their production processes through the gas supply mode
that most effectively and efficiently meets their needs.
“The new plant will be operated by Airgas Merchant Gases, which
manages Airgas’ network of ASUs, sourcing options for all major
gases, and bulk gas distribution logistics,” said Thomas S. Thoman,
Airgas Division President – Gases Production. “Our investment in
new production capabilities in Tuscaloosa will provide supply
security to Nucor and strengthen our gas supply chain to ensure
long-term reliability for our packaged and merchant gas customers
throughout the region.”
In addition to gases, Airgas is a leading supplier of a wide
range of hardgoods, including welding equipment and related
products, safety products, and tools and supplies for construction
and maintenance, repair, and operations (MRO).
About Airgas, Inc.
Airgas, Inc. (NYSE: ARG), through its subsidiaries, is one of
the nation’s leading suppliers of industrial, medical and specialty
gases, and hardgoods, such as welding equipment and related
products. Airgas is a leading U.S. producer of atmospheric gases
with 16 air separation plants, a leading producer of carbon
dioxide, dry ice, and nitrous oxide, one of the largest U.S.
suppliers of safety products, and a leading U.S. supplier of
refrigerants, ammonia products, and process chemicals. More than
16,000 associates work in approximately 1,100 locations, including
branches, retail stores, gas fill plants, specialty gas labs,
production facilities and distribution centers. Airgas also markets
its products and services through e-Business, catalog and telesales
channels. Its national scale and strong local presence offer a
competitive edge to its diversified customer base. For more
information, please visit www.airgas.com.
Airgas, Inc.Investor Contact:Joseph
Marczely, 610-263-8277joseph.marczely@airgas.comorMedia Contact:Sarah Boxler,
610-263-8260sarah.boxler@airgas.com
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