September 17, 2012 Lehigh Valley, Pa.
Effective, October 1, 2012, or as contracts permit, Air Products (NYSE: APD) will increase product pricing and monthly service charges for merchant customers in North America. The pricing adjustments include increases of:
- Up to 10% for liquid oxygen, liquid nitrogen, liquid and bulk hydrogen and liquid carbon dioxide
- Up to 20% for liquid argon and bulk carbon monoxide
Some price adjustments may be outside of these ranges based on other specific situations.
The global helium supply shortfall has caused us to address each customer price change on an individual basis.
The revised prices will offset higher operating costs and increased input costs. Air Products is taking aggressive actions internally to mitigate rising costs by reinvesting to improve efficiencies and maintain reliable supply.
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, 2011.