September 15, 2009 Lehigh Valley, Pa.
Effective October 1, 2009, or as contracts permit, Air Products (NYSE:APD) will increase pricing and monthly service charges as follows for merchant customers in North America for the following products:
- liquid oxygen, liquid nitrogen, liquid argon, liquid and bulk hydrogen by 4% to 8%; and
- liquid and bulk helium by 5% to 10%.
Some price adjustments may be outside of these ranges based on other specific situations.
This pricing initiative is in response to higher operating costs related to running plants with significantly lower product demand, in addition to both higher energy costs and overall increases associated with the production and distribution of merchant gas products.
NOTE: This release may contain forward-looking statements. Actual results could vary materially, due to changes in current expectations.