LEHIGH VALLEY, Pa.,
March 2, 2015 /PRNewswire/ --
Effective March 15, 2015, or as
contracts permit, Air Products (NYSE: APD) will increase product
pricing and monthly service charges for merchant industrial gas
customers in North America. The pricing adjustments include
increases of:
- Up to
20% for liquid argon
- Up to
12% for liquid oxygen and liquid nitrogen
- Up to
10% on monthly service charges
Some price adjustments may be outside of these ranges based on
other specific situations.
The price adjustments are in response to increased costs to
reliably supply Air Products' customers' growing demand for
industrial gases. In addition to higher operating costs for
both production and delivery of industrial gas products, Air
Products has also experienced increased costs for bulk tanks due to
higher metal prices.
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,
2014.
www.airproducts.com
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SOURCE Air Products