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News ReleaseAir Products Awarded Grants to Help Finance Hometown Expansion

DCED Secretary Yablonsky, Chairman Argall Present Grants at Hometown Facility

October 26, 2004 Hometown, Pa.

Secretary Dennis Yablonsky of the Pennsylvania Department of Economic and Community Development and Rep. David G. Argall (R-Berks/Schuylkill), chairman of the House Appropriations Committee, today awarded Air Products with a package of state grants that will be used to expand its Hometown, Pa. electronics specialty gases facility. Both officials visited Air Products' Hometown facility on Tuesday to present the grants.

Air Products is currently growing its nitrogen trifluoride (NF3) production facility at Hometown—an investment that will increase the facility's capacity by 50 percent by the spring of 2005. The expansion is part of a multi-year investment strategy that will continue to position Air Products as one of the world's largest and most reliable providers of NF3 and other electronics specialty gases, all of which are used in making semiconductors, flat panel displays and other electronic devices.

"The Opportunity Grant Program is a key component of Governor Rendell's economic development incentives," said Secretary Yablonsky. "The program was established to create and preserve jobs within the Commonwealth. Today's announcement is an excellent example of our commitment to Pennsylvania companies. Air Products can continue to invest in its most valuable resource—its employees."

"Air Products knows my commitment to keeping and growing quality jobs right here," added Chairman Argall, Hometown's state representative. "In the fight to keep and attract quality employers, we're not just competing, we're winning. This is an international company that can expand anywhere in the world, but continues to expand in Hometown because of our people."

The package consists of two grants totaling $1.8 million earmarked for Air Products' Hometown plant. Hometown employs over 150 workers who are directly associated with the manufacture of NF3. In total, over 5,500 of Air Products' 18,500 worldwide employees work within Pennsylvania. The package includes:

  • An Opportunity Grant in the amount of $600,000 issued through the Department of Community and Economic Development, and
     
  • $1.2 million awarded through the Redevelopment Assistance Capital Program. (Learn more details about each of these grants by visiting www.airproducts.com/pressroom.)

"The Hometown expansion is an investment in our future," explained Art Katsaros, group vice president, Development and Technology. "Governor Rendell, Secretary Yablonsky and Chairman Argall have been very supportive of our efforts there. They understand our Hometown success story—one that has local roots, but whose benefits are measured on a worldwide scale."

NF3 is used as a chamber cleaning gas during the manufacture of a variety of electronics. When compared with competing products, NF3 customers benefit from a significant reduction in atmospheric ozone-depletingemissions, throughput increases of up to 30 percent, longer chamber life and faster clean rates. NF3 is also stable and non-flammable—making it a safer gas to transport, store and deliver to the customers'process tools than other alternative gases.

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.

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    Air Products and Chemicals, Inc.
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