September 17, 2007 Lehigh Valley, Pa.
Effective October 1, 2007, or as contracts permit, Air Products (NYSE:APD) will increase schedule pricing on bulk helium by 30 percent, liquid oxygen and liquid nitrogen by eight percent, liquid and bulk hydrogen by 12 percent, and liquid argon by 12 percent for merchant and government customers in North America.
The pricing initiatives are needed to address continued cost pressures and the need for ongoing investment in infrastructure to increase operating rates. These cost pressures include escalating material, labor, and energy costs associated with the production and distribution of its merchantgas 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.