September 18, 2017 Lehigh Valley, Pa.
Effective October 1, 2017, or as contracts permit, Air Products (NYSE: APD) will increase product pricing and monthly service charges in North America. The pricing adjustments include increases of:
- Up to 20% for liquid argon, liquid and bulk helium
- Up to 15% for liquid oxygen, liquid nitrogen, liquid and bulk hydrogen
- Up to 10% for liquid carbon dioxide
- Up to 10% for tank monthly service charges
Some price adjustments may be outside of these ranges based on specific situations.
The price adjustments are in response to several factors including supply and demand imbalances which drive-up production and product distribution costs, increases in operating costs, plant maintenance, and employee labor and benefits. Additionally, Air Products continues to make significant investment in infrastructure, technologies, and productivity programs aimed at improving the reliability, safety, and cost efficiency of its 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, 2016.