November 16, 2004 Lehigh Valley, Pa.
Air Products (NYSE:APD) announced today that it has been named to CMP Media LLC's InformationWeek 500, a prestigious listing of the most innovative users of information technology in the United States. Jumping significantly to 31st overall, Air Products now occupies its highest ranking in its fifteen-year run on the list.
Air Products' 2004 submission highlighted the growing role of IT in making its global supply chain more efficient. The company is in the process of implementing a single instance of mySAP™ Business Suite,which allows Air Products to manage information and enables seamless global performance of the company's supply chain. IT at Air Products has driven an on-going program to reorient itself as a process-driven organization delivering managed services. Although Air Products is organized by function, the company manages by global processes across those functions to produce competitive and quality products and services for customers. IT plays a critical role in enabling these global processes.
"We are very proud to have once again made the InformationWeek 500, and to have significantly advanced in the rankings. Our dedication and professionalism have allowed us to exceed our IT performance goals and have a material impact on the performance of our business," said Glenn Beck, vice president of Global Information Technology. "And just as important, our ongoing collaboration with other departments has helped to improve the focus and impact of our IT investments. The ranking further validates that we have an excellent Global Information Technology team that is driving to excel."
Among chemical companies in the InformationWeek 500, Air Products ranked third of the 15 that were listed this year. Only Eastman Chemical (11) and Dow Chemical (19) fared better than Air Products.
For 16 years, the InformationWeek 500 has tracked organizations' IT agendas, providing a unique opportunity to understand and examine their business practices across core areas of technology operations. Companies named to this list demonstrate a pattern of technologicaland organizational innovation. E & J Gallo Winery, which is ranked No. 1, along with Verizon Communicationsand Marriott International, are some of the well-known consumer company names that made the list. The ranking is also one of the most detailed sources of industry-specific IT budget data. The research project gathered in-depth information directly from companies about how they approach and prioritize their IT investments.
For a full report of the InformationWeek 500 findings, visit www.informationweek.com/1006/.
About Air Products
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 and is listed in the Dow Jones Sustainability and FTSE4Good Indices. The company has annual revenues of $7.4 billion, operations in over 30 countries, and nearly 20,000 employees around the globe. For more information, visit www.airproducts.com.
About CMP Media LLC
CMP Media LLC (www.cmp.com) is a leading integrated media company providing essential information and marketing services to the entire technology spectrum—the builders, sellers and users of technology worldwide. Capitalizing on its editorial strength, CMP is uniquely positioned to offer marketers comprehensive, integrated media solutions tailored to meet their individual needs. Its diverse products and services include newspapers, magazines, Internet products, and research, direct marketing services, education and training, trade shows and conferences, and custom publishing.
***NOTE: This release may contain forward-looking statements. Actual results could vary materially, due to changes in current expectations.