| Lehigh Valley, Pennsylvania
Air Products Announces North American Price Increase for Liquid and Bulk Industrial Gas Products
Effective July 1, 2018, or as contracts permit, Air Products (NYSE: APD) will increase product pricing and surcharges for merchant customers in North America. The pricing adjustments include increases of:
- Up to 20% for liquid and bulk helium.
- Up to 15% for liquid argon, and microbulk.
- Up to 10% for liquid and bulk hydrogen.
Some price adjustments may be outside of these ranges based on specific situations.
These adjustments are in response to the cost impact associated with the continued low operating rates in the steel market, increasing operational costs and delivery costs associated with specific regional supply and demand imbalances. In addition to covering increases in operating expenses, Air Products continues to make significant investments aimed at improving the reliability, security, safety, and the cost efficiency of its operations.