December 01, 2005 Lehigh Valley, Pa.
Air Products (NYSE: APD) today announced that it will assess a percentage price increase, effective January 1, 2006, for its entire line of ACT® specialty chemicals. The percentage price increase will range from 3 to 7 percent, according to specific products. ACT specialty chemicals are etch residue removers and photo-resist strippers.
The price increase results from the unprecedented rise in raw material and energy costs. While Air Products has worked to absorb these increased costs and hold prices steady for its customers, the company has reached the point where it can no longer shield its customers from these increased costs and must pass along a portion to them.
Air Products is a leading supplier of materials (gases and chemicals), equipment and services to the global semiconductor and electronics industries. Through its extensive product line, technological know-how and lasting customer relationships, Air Products has earned the trust of its customers by knowing their businesses, understanding their challenges, and finding effective solutions.
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 $8.1 billion, operations in over 30 countries, and over 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.