LEHIGH VALLEY, Pa.,
Jan. 23, 2019 /PRNewswire/
-- Air Products (NYSE: APD) today announced it has been
awarded additional on-site nitrogen supply by one of its stratetic
global customers, who is among the world's largest manufacturers of
electronic components, for its new production line in Binhai New Area, Tianjin, China.
Air Products has been supplying on-site nitrogen to the
customer's manufacturing site in Tianjin and supporting its ongoing expansion
for over 12 years. The company has been building several facilities
with three currently running and two starting up in the coming
months. Air Products will add the sixth facility, further
strengthening its supply position in the Beijing-Tianjin-Hebei
region to serve the customer's increasing need from the new
production line.
"It is our honor to have earned the continued trust of our
strategic customer. The expanding relationship will further
position us to support their upcoming and long-term growth," said
Saw Choon Seong, China president
at Air Products. "For over 40 years, Air Products has been serving
the global electronics industry and the world's leading
manufacturers with safety, reliability, efficiency and excellent
service. Our ongoing investment in the strategic Beijing-Tianjin-Hebei
region is part of our longstanding commitment to supporting the
development of China's electronics
manufacturing industry under the government's 13th
Five-Year Plan and beyond."
Binhai New Area, taking advantage
of the Beijing-Tianjin-Hebei
development and serving as the gate to northern China, represents a high-end modern
manufacturing and research and development base, a northern
international shipping and logistics center, as well as
China's third economic growth
pole.
Air Products has been committed to China's electronics industry and supporting
many world-leading and domestic manufacturers in the development of
next generation electronic devices. In addition to Tianjin, the company has also been supplying
customers in other key electronics manufacturing bases including
Nanjing, Xi'an and Fujian
Province.
About Air Products
Air Products (NYSE:APD) is a world-leading industrial gases company
in operation for over 75 years. The company provides industrial
gases and related equipment to dozens of industries, including
refining, chemical, metals, electronics, manufacturing, 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 2018 sales of $8.9
billion from operations in 50 countries and has a current
market capitalization of about $35
billion. Approximately 16,000 passionate, talented and
committed employees from diverse backgrounds are driven by Air
Products' higher purpose to create innovative solutions that
benefit the environment, enhance sustainability and address the
challenges facing customers, communities, and the world. 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,
2018.
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SOURCE Air Products