December 01, 2005 Lehigh Valley, Pa.
Effective January 1, 2006, Air Products (NYSE:APD) will increase schedule pricing on liquid/bulk oxygen, nitrogen, and helium by up to 20 percent and argon by 25 percent for merchant and government customers in North America and will eliminate discounts on monthly service charges and other services.
Air Products will also continue its ongoing regional surcharge efforts where appropriate.
The pricing and surcharge initiatives are needed to address the unprecedented cost increases associated with the production and distribution of its merchant gas products, as well as the capital investment needed for Air Products to maintain its high standards of customer service and supply.
NOTE: This release may contain forward-looking statements. Actual results could vary materially, due to changes in current expectations.