March 02, 2015 Lehigh Valley, Pa.
Effective March 15, 2015, or as contracts permit, Air Products (NYSE: APD) will increase product pricing and monthly service charges for merchant industrial gas customers in North America. The pricing adjustments include increases of:
- Up to 20% for liquid argon
- Up to 12% for liquid oxygen and liquid nitrogen
- Up to 10% on monthly service charges
Some price adjustments may be outside of these ranges based on other specific situations.
The price adjustments are in response to increased costs to reliably supply Air Products’ customers’ growing demand for industrial gases. In addition to higher operating costs for both production and delivery of industrial gas products, Air Products has also experienced increased costs for bulk tanks due to higher metal prices.
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, 2014.