September 18, 2019 Lehigh Valley, Pa.
Air Products (NYSE: APD) today held a construction celebration and ceremonial groundbreaking for its new global headquarters in Pennsylvania’s Lehigh Valley. Over 200 people, including Air Products colleagues and state and local elected officials and dignitaries attended the event, where company Chairman, President and CEO, Seifi Ghasemi, spoke of the headquarters’ importance to Air Products’ future.
“We need a headquarters that represents who we are as a world-leading company. We want to create modern office and R&D facilities that are energizing, collaborative and inclusive. When you see the new global headquarters renderings, without any doubt, the new office space and world-class R&D facility will be representative of who we are and what we stand for. This new headquarters will exemplify our “4S” culture and reflect the safety, speed, simplicity and self-confidence that have driven our success and will continue to do so,” said Ghasemi.
Ghasemi added that, “We will also emphasize a fifth “S” with these new facilities – Sustainability. Sustainability is at the heart of what we do as a business, every day around the world. That’s important to our customers, our partners, and our talented and committed employees.” Sustainability features at the new location include a much smaller building footprint with a tall office building and parking garage, highly energy-efficient buildings, solar panels, green roofs, and a state-of-the-art fueling station for fueling hydrogen-powered vehicles.
“I believe very strongly that every company has a foundational culture, and there is value in preserving that, even as you move that culture forward. Air Products has a nearly 80-year history – most of it right here in the Lehigh Valley. There are certain values instilled in people because of where we are today, because of the people who live in this area, who contribute to its success, and who call it home. There is a lot of value in preserving that. So, it became clear this location worked best for us, and we have never wavered from the decision to stay,” said Ghasemi.
Air Products New Global Headquarters Highlight:
- The address is 1940 Air Products Boulevard signifying the year Air Products was founded.
- Is being built a little over one mile from its existing location on a 50-acre tract for approximately 2,000 Air Products employees with capacity for growth.
- Will have nine-story office building, two-story research and development building, and enclosed parking structure.
- Will be energy efficient with solar panels on its garage, green roofs, and a state-of-the-art fueling station for fueling hydrogen-powered vehicles. Target to complete in 2021.
About Air Products
Air Products (NYSE:APD) is a world-leading industrial gases company in operation for over 75 years. The Company provides industrial gases and related equipment to dozens of industries, including refining, chemical, metals, electronics, manufacturing, and food and beverage. Air Products is also the world’s leading supplier of liquefied natural gas process technology and equipment.
The Company had fiscal 2018 sales of $8.9 billion from operations in 50 countries and has a current market capitalization of about $50 billion. Approximately 16,000 passionate, talented and committed employees from diverse backgrounds are driven by Air Products’ higher purpose to create innovative solutions that benefit the environment, enhance sustainability and address the challenges facing customers, communities, and the world. 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, 2018.