Expansion to Serve Increases in Local Electronics Market
June 08, 2011 Lehigh Valley, Pa.
Air Products (NYSE:APD) today announced it will increase production of ultra high-purity nitrogen and oxygen and expand its nitrogen pipeline serving the electronics industry in Chandler, Ariz.
Air Products’ nitrogen pipeline in Chandler has been serving semiconductor manufacturers in the area since 1981. The pipeline is fed by air separation plants that also produce product for the local merchant liquid bulk market. The expansion will provide Air Products with additional nitrogen and oxygen to supply growing merchant needs in the area.
“We have been serving the electronics industry in Chandler for 30 years and are pleased to bring on this new capacity to serve the expanding market,” said Corning Painter, vice president and general manager, Electronics for Air Products. “We are proud to own and maintain nitrogen pipelines in the leading Electronics regions around the world. These provide our customers with reliable supply and offer the ability to make low-cost increases in volumes as necessary.”
Air Products’ Electronics business got its start with a nitrogen pipeline serving the Silicon Valley. Today the company’s pipelines snake through the leading Science Parks in Taiwan, China and Korea, supplying next generation fabs with the high volumes of nitrogen necessary for semiconductor and TFT-LCD production.
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. In fiscal 2010, Air Products had revenues of $9 billion, operations in over 40 countries, and 18,300 employees around the globe. For more information, visit www.airproducts.com.
NOTE: This release may contain forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management’s reasonable expectations and assumptions as of the date of this release regarding important risk factors. Actual performance and financial results may differ materially from projections and estimates expressed in the forward-looking statements because of many factors not anticipated by management, including risk factors described in the Company’s Form 10K for its fiscal year ended September 30, 2010.