August 01, 2005 Lehigh Valley, Pa.
Air Products will assess a price increase on select electronic chemicals and gases effective September 1, 2005, which will help offset costs associated with recent manufacturing and storage facility upgrades.
These changes are part of an ongoing effort by Air Products to improve the overall safety and reliable supply of its electronics products and services. An increase of $40 per container will be imposed.
The increase is part of a continuing industry initiative, coordinated by the American Chemistry Council, to improve security at chemical facilities. As part of that campaign, Air Products also completed a Security Vulnerability Assessment for all of its electronics manufacturing facilities—a survey that resulted in continuing upgrades for computer monitoring systems, truck design and logistics, and additional plant security measures.
Air Products (NYSE:APD) serves customers in food, 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.
NOTE: This release may contain forward-looking statements. Actual results could vary materially, due to changes in current expectations.