September 15, 2008 Lehigh Valley, Pa.
Effective October 1, 2008, or as contracts permit, Air Products (NYSE:APD) will increase schedule pricing on liquid oxygen and liquid nitrogen by eight percent, liquid argon and liquid and bulk hydrogen by 12 percent, and liquid and bulk helium by 15 to 30 percent for merchant customers in North America.
The pricing initiatives are needed to address continued cost pressures and the need for ongoing investment in infrastructure to improve operating efficiencies. These cost pressures include escalating material, labor, and energy costs associated with the production and distribution of 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.