September 12, 2008 Lehigh Valley, Pa.
Air Products (NYSE: APD) has received the Shanghai Regional Headquarters Certificate from Shanghai Foreign Economic Relations and Trade Commission, recognizing its Shanghai office as the company’s regional headquarters in China.
“The certificate is a major milestone in our establishment and development in China over the past 21 years,” said Paul Thomas, Vice President of Engineering Asia, Air Products, at the certificate presentation ceremony. “Air Products has been serving the China market since 1987. We are honored to be growing with Shanghai and China hand-in-hand, and this certification clearly underscores Air Products’ development as well as commitment in China.”
Air Products is the 200th multinational corporation (MNC) to be granted the certificate out of only a total of 206 MNCs to date.
“We are grateful to the Shanghai Foreign Economic Relations and Trade Commission and to other local authorities for providing us their strong support and encouragement. With its strategic location, excellent infrastructure and pool of talent, Shanghai is an ideal location for Air Products to serve the China market,” added Thomas.
Since entering the China market in 1987, Air Products has established more than 30 company entities along the coasts of Northern, Eastern and Southern China and employs more than 1,600 people. In 1997, Air Products set up Air Products and Chemicals (China) Investment Co Ltd, in Shanghai to serve as a regional center and to hold Air Products’ investments in China.
Over the past years, Air Products has been expanding its local production facilities and infrastructure in or near Shanghai to meet growing customers’ demands in the China market and also across Asia. These infrastructure include Global Technology Center, Global Engineering Center, , Global Cryogenic Equipment Manufacturing and Strategic Sourcing Center.
As a leading global gas supplier, Air Products’ technologies and products are used in many applications and they touch the lives of people every day including in food, computers, televisions, sport shoes, steel etc. Air Products’ hydrogen and fuel cell technology helped power the official shuttle buses and cars which transported athletes during the recently completed Beijing Olympic Games.
About Air Products
Air Products (NYSE:APD) serves customers in industrial, energy, technology and healthcare markets worldwide with a unique portfolio of atmospheric gases, process and specialty gases, performance materials, and equipment and services. 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. Air Products has annual revenues of $10 billion, operations in over 40 countries, and 22,000 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.