Air Products & Chemicals : 15 September 2014 Air Products Announces North American Price Increase for Liquid and Bulk Industrial Gas Products View News Release ?
September 15, 2014 at 11:10 am EDT
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September 15, 2014 Lehigh Valley, Pa.
Effective October 1, 2014, 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 15% for liquid oxygen, liquid nitrogen, liquid and bulk hydrogen, helium and bulk carbon monoxide
Up to 20% for liquid carbon dioxide
Up to 25% for liquid argon
Some price adjustments may be outside of these ranges based on other 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 expenses for natural gas and electrical power, 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, 2013.
Air Products & Chemicals, Inc. specializes in the design, manufacturing and marketing of gases. The activity is organized around 4 families of products:
- bulk gases: industrial gases (oxygen, nitrogen and argon), hydrogen and helium, medical and specialty gases delivered by tankers or tube trailers, in cylinders or through small on-site gas generation plants for metal, glass, chemical processing, food processing, healthcare, steel, petroleum and natural gas industries;
- tonnage gases: industrial gases (hydrogen, carbon monoxide, nitrogen and oxygen) supplied via large on-site facilities or pipeline systems, principally for customers in the petrochemical, chemical, and metallurgical industries;
- performance chemicals;
- cryogenic and gas processing equipment: for air separation, hydrocarbon recovery and purification, natural gas liquefaction, and helium distribution.
Net sales are distributed geographically as follows: the United States (41.5%), China (15.8%), and other (42.7%).
Air Products & Chemicals : 15 September 2014 Air Products Announces North American Price Increase for Liquid and Bulk Industrial Gas Products View News Release ?