September 16, 2010 Lehigh Valley, Pa.
Effective October 1, 2010, or as contracts permit, Air Products (NYSE: APD) will increase product pricing and monthly service charges for merchant customers in North America as follows:
- 4-8% for liquid oxygen, liquid nitrogen, liquid argon, liquid and bulk hydrogen;
- 5-10% for liquid and bulk helium; and
- 3-5% for monthly service charges.
Some price adjustments may be outside of these ranges based on other specific situations.
The revised prices will offset higher operating costs and increased input costs. We are taking aggressive actions internally to mitigate rising costs by reinvesting to improve efficiencies and maintain reliable supply.
Helium is severely impacted by the Bureau of Land Management’s (BLM) cost increase for crude helium announced last month.
NOTE: This release may contain forward-looking statements. Actual results could vary materially, due to changes in current expectations.