June 19, 2006 Lehigh Valley, Pa.
Air Products (NYSE: APD) today announced that it has signed an exclusive agreement with South Korea-based Hanyang ENG Co., Ltd. (HYE) to provide North American sales and service support for HYE’s bulk chemical blending and distribution equipment used in the electronics industry. Air Products will be the direct sales agent for HYE in North America. All equipment will be designed and manufactured by HYE in Korea.
“Our new relationship with Hanyang Engineering significantly enhances Air Products’ gas and chemicals equipment offering,” said Joe Stockunas, general manager for Air Products’ Electronics Equipment business. “In addition, this relationship will provide North American electronics manufacturers with a proven, low-cost supply of bulk chemical blending and distribution systems.”
Air Products will train its gas and chemical management technicians, who provide onsite management of gas and chemical systems, to support the installation and operation of HYE equipment at North American customer sites. Air Products’ new HYE equipment offering is in addition to the company’s existing CHEMGUARD® line of specialty chemical delivery equipment found within its Schumacher product lines.
HYE, having served the Korean electronics market since 1988, possesses extensive experience in the supply of chemical blending and distribution equipment. The company holds a leading market share in Korea and has installed nearly 100 systems at state-of-the-art 300 mm facilities. The exclusive sales and service agreement with Air Products allows HYE to geographically expand its offering to the North American electronics market.
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.