September 15, 2016 Lehigh Valley, Pa.
Effective October 1, 2016, 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 20% for liquid argon
- Up to 15% for liquid oxygen, liquid nitrogen, liquid and bulk hydrogen
- Up to 10% for liquid carbon dioxide, liquid and bulk helium
- Up to 10% for tank monthly service charges
Some price adjustments may be outside of these ranges based on specific situations.
These price adjustments are in response to rising costs and will also support continued investments to improve the reliability, security, safety, and efficiency of operations.
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.