New Facility Further Strengthens Company’s Supply Position in Pearl River Delta
August 26, 2016 Dongguan, Guangdong, China
Air Products (NYSE:APD), a world-leading industrial gases company serving the China market for nearly 30 years, today announced the opening of a new packaged gases plant in Dongguan, Guangdong province, China. The new plant, together with the other facilities in Guangzhou, Shenzhen, Zhongshan and Zhuhai, further strengthens the company’s supply network, fully covering the Pearl River Delta (PRD) to serve the growing demand driven by the electronics, metal fabrication and equipment manufacturing, analytical and other industries.
Strategically located in Zhangmutou Town of Dongguan City, the over 16,000-square-meter plant is Air Products’ largest of its kind in southern China with world-class safety and operational standards. This state-of-the-art facility supplies a wide range of high-quality and high-purity industrial and specialty gases in cylinders, cylinder packs, dewars and tube trailers to serve a variety of customers, particularly the fast-growing small- and medium-sized enterprises in the PRD.
“China is a strategic market for Air Products, where we have already established a solid position since our first investment in Shenzhen in 1987,” said Saw Choon Seong, China president, Industrial Gases at Air Products. “Under the 13th Five Year Plan, the country’s manufacturing industries will continue to transform and grow in the new normal. The Pearl River Delta will stand to benefit from the Made in China 2025 strategy as it evolves further into an innovation-driven hub for advanced manufacturing, as well as high-tech and service industries. The Dongguan plant represents our on-going commitment to supporting the sustainable development of this important region and serving our valued customers with a high-quality and reliable supply of industrial gases and applications solutions.”
The PRD is set to become a world-class innovation center driven by China’s current Five Year Plan (2016-2020) and “Made in China 2025” strategy. Fueled by industrial upgrade and development, growing industrial gas demand is expected to come from both traditional industries, such as electronics, equipment and automobile manufacturing, as well as emerging segments, including information and communication, biotechnology, new materials and environmental technologies.
One of the first multinational gases companies to enter China, Air Products has more than 70 production facilities and continues to expand its supply capability and distribution network to support the growing customer needs. In PRD, the company operates a liquid air separation plant in Guangzhou, which had been the largest of its kind in Guangdong Province; a high-purity liquid nitrogen plant in Shenzhen’s Guangming New District serving the electronics industry; packaged gases plants in Zhongshan and Shenzhen; and a number of onsite facilities at customers’ sites.
“With the strong support from the Government, we are honored to have been able to grow with southern China for the past three decades and participating in the exponential growth of the Pearl River Delta,” Jeff Fan, vice president, southern China at Air Products commented. “The opening of the Dongguan plant represents our long-standing commitment to the market and another significant step to stay even closer to our customers to meet their industrial gas needs, from large to small volumes, more reliably and efficiently.”
In addition to gases, the company has also been supplying advanced technologies to help customers improve productivity, efficiency and environmental performance, including its NitroFASTM solutions for electronics packaging, assembly and testing; Linx shielding gases, Integra® cylinders and GastrakTM economizers for welding; BIP® purification technology for lab analysis and high-end fabrication; oxy-fuel technology for glass and minerals; as well as Halia® solutions for water and wastewater treatment.
Air Products has participated in some of the landmark projects in southern China to support the region’s economic and social development. It supplied hydrogen and fueling technology to power the official shuttle buses for the 2010 Guangzhou Asian Games and 2011 Shenzhen Universiade. As a responsible corporate citizen, the company was involved in the Shenzhen landslide rescue efforts this year through its expertise in safety and gas cylinder transportation.
About Air Products
Air Products (NYSE:APD) is a world-leading Industrial Gases company celebrating 75 years of operation. The company’s core Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. Air Products is also the world’s leading supplier of liquefied natural gas process technology and equipment. The company’s Materials Technologies business serves the semiconductor, polyurethanes, cleaning and coatings, and adhesives industries.
The company had fiscal 2015 sales of $9.9 billion and has a current market capitalization of more than $30 billion. Approximately 19,000 employees in 50 countries strive to make Air Products the world’s safest and best performing Industrial Gases company, providing sustainable offerings and excellent service to all customers. 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, 2015.