December 15, 2015 Lehigh Valley, Pa.
Air Products’ (NYSE:APD) Materials Technologies segment today announced that, effective immediately or as contracts permit, it will increase prices globally for process materials and advanced materials supplied by its Electronics business.
Demand for Electronics materials continues to grow. These price increases are necessary to recover increasing raw materials, production costs, and continued supply reliability, quality improvements and research and development activities in order to support reinvestment to meet global market needs.
On September 16, 2015 Air Products announced its intent to complete a spin-off of its Materials Technologies segment by September 2016. Last month it was announced the spin-off company’s name will be Versum Materials.
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.