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LEHIGH VALLEY, Pa. (September 17, 2007) – Effective October 1, Air Products (NYSE:APD) will increase the price of certain high-purity process chemicals in North America. The increases for drums will range between 5 to 10 percent, and bottles will range from 13 to 18 percent. The company attributes the increase primarily to the continued escalation in raw material prices, especially those which are influenced by volatile energy prices along with other market factors.
Likewise, the cost of many packaging materials has also been on the rise on account of higher basic chemical feedstock materials. Air Products continuously strives to minimize the impact of these changes via sourcing, manufacturing, and distribution initiatives. To date, however, the pace of these increases has exceeded our ability to mitigate them.
 To hear more on high-purity process chemicals, check out a podcast with Jeff Handelman, manager of HPPC for Air Products.
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