September 19, 2006 Lehigh Valley, Pa.
Effective October 1, 2006, or as contracts permit, Air Products (NYSE:APD) will increase schedule pricing on liquid-bulk oxygen, nitrogen, and hydrogen by 10 percent, and argon and helium by 20 percent for merchant and government customers in North America. Air Products also will be increasing its monthly service charge schedule pricing for storage and supply equipment, and eliminating discounts from schedule pricing for standard service offerings.
The pricing initiatives are needed to address escalating material, labor, and energy costs associated with the production and distribution of its merchant gas products, and to support capital investment required to meet current and future demand.
NOTE: This release may contain forward-looking statements. Actual results could vary materially, due to changes in current expectations.