January 13, 2004 Lehigh Valley, Pa.
Air Products (NYSE:APD) announced today that it has been selected to supply nitrogen, oxygen, nitrogen trifluoride (NF3), ammonia (NH3), argon, and silane by pipeline to Samsung's newest Thin Film Transistor-Liquid Crystal Display (TFTLCD) factory located in Tangjung, Korea. Air Products was also selected to supply future requirements for hydrogen and helium to the site.
The Samsung LCD factory is the first of its kind in the world and requires large amounts of bulk gases. Air Products will supply world-scale quantities of nitrogen for the first factory alone. As a means for comparison, the Samsung LCD factory will consume anywhere from five to eight times the amount of nitrogen that a typical semiconductor factory (fab) consumes. And, the NF3 requirements for this LCD factory will be equally higher than the amount required at a typical semiconductor fab.
To support the new Samsung project, Air Products is constructing two new plants at the Tangjung site. The first plant will be an A410/L400 Air Separation Unit (ASU) and Liquefier, starting up in late Summer 2004. The second facility, slated for completion in 2005, will be a supplemental plant, identical to Air Products plants already in operation at Samsung's facilities in Gihueng, Korea and in Cheonan, Korea. Air Products has allocated space at the Tangjung site for a planned third plant, to be built at a later time for future factories.
"This contract is a perfect example of our ability to serve the largest electronics customers around the world with their gas and specialty material needs, given our investments in market infrastructure, technology advancements, and product capacity," said Michael Hilton, vice president, Electronics Businesses at Air Products. "We have spent considerable time and effort building our Electronics business in Asia, especially our specialty chemicals business, and those relationships make us a known quantity to our customers. So when those customers are also looking for a gas supplier, they already know the level of excellence they can expect from us. To be involved with such an important customer as Samsung whose new plant will use the latest technology is something we are truly looking forward to," he added.
Air Products Electronics Division has a significant and growing presence in Asia. With locations in nine Asian countries, more than 4,400 employeesand the recently acquired Ashland Electronics Chemicals business, the more than $1 billion Electronics Division represents nearly 15 percent of the company's total revenues.
Samsung is a leader in the industry in market share for large flat panel devices, commonly used for laptop and flat panel desktop PC displays, PDAs, cell phones, and the newest market, liquid crystal display (LCD) televisions.
Air Products (NYSE:APD) serves customers in technology, energy, healthcare and industrial markets worldwide with a unique portfolio of products, services and solutions, providing atmospheric gases, process and specialty gases, performance materials and chemical intermediates. Founded in 1940, Air Products has built leading positions in key growth markets such as semiconductor materials, refinery hydrogen, home healthcare services, natural gas liquefaction, and advanced coatings and adhesives. The company is recognized for its innovative culture, operational excellence and commitment to safety and the environment. With annual revenues of $6.3 billion and operations in over 30 countries, the company's 18,500 employees build lasting relationships with their customers and communities based on understanding, integrity and passion. For more information, visit www.airproducts.com.
NOTE: This release may contain forward-looking statements. Actual results could vary materially, due to changes in current expectations.