Advocates Innovation and Operational Excellence to Support Province's New Takeoff
June 25, 2015 Xi'an, China
Air Products (NYSE: APD) today announced the appointment of its Industrial Gases China President Saw Choon Seong by the People's Government of Shaanxi Province as International Senior Economic Consultant. Saw received the Letter of Appointment at the Eighth Session of the International Senior Economic Consultative Conference of the People's Government of Shaanxi Province in Xi'an city on June 25, 2015.
At the conference, Saw shared his insights in how Shaanxi can draw on Air Products' innovation and safety expertise to thrive on the process of reform and opening up under the "One Belt One Road" Strategy.
"Shaanxi indeed has historic roles to play. It is the new starting point of the Silk Road Economic Belt; a strategic highland for development and opening of inland economy; and also a strategic powerhouse for Western Development," Saw said. "Air Products is committed to leveraging our global position, including the leading position in many countries on the Silk Road Economic Belt to support Shaanxi's new kickoff with focuses on the environment, productivity and quality."
Under the theme "Fueling Shaanxi's Transformation into a Strategic Highland for Reform and Opening Up on the Silk Road through Innovation and Operational Excellence," Saw explained how innovation and operational excellence can help the traditional energy and chemical sectors achieve sustainable growth, and ultimately enable the province to transform into a high-end manufacturing base for these industries. He also highlighted the importance of world-class safety standard when operating large-scale projects and developing industrial parks. Wrapping up, Saw emphasized Air Products' continued commitment and support to Shaanxi.
The People's Government of Shaanxi Province established the international consultative program in 2001 to enlist the aid of senior executives from Fortune 500 companies in formulating its economic development policies. Members meet formally every two years, and are consulted regularly on global economic and technological trends, international best business practices, and exchange programs to help the province attract foreign investment and grow.
Air Products first entered Shaanxi in 2006 to serve the electronics industry. Since then, it has continued to grow with the province through strategic investments, sustainable and innovative solutions, and talent development. The company has signed several major gas supply contracts with key customers including Weihe Clean Energy, Pucheng Clean Energy, Samsung Electronics and Shaanxi Future Energy Chemcial for significant energy and semiconductor projects. It has also established scholarship programs in two leading universities in the province and has been working with other universities and design institutes to study and develop applications for the electronics, energy, cryogenics, and other markets.
Air Products has been operating in China since 1987 and was one of the first multinational industrial gas corporations to invest in the country. With over 60 operating entities, more than 80 production facilities and 2,800 employees, the company has already established a strong market position in China serving a broad range of industries.
About Air Products
Air Products (NYSE:APD) is a leading industrial gases company. For nearly 75 years, the company has provided atmospheric, process and specialty gases, and related equipment to manufacturing markets including metals, food and beverage, refining and petrochemical, and natural gas liquefaction. Air Products' materials technologies segment serves the semiconductor, polyurethanes, cleaning and coatings, and adhesives industries. Over 20,000 employees in 50 countries are working to make Air Products the world's safest and best performing industrial gases company, providing sustainable offerings and excellent service to all customers. In fiscal 2014, Air Products had sales of $10.4 billion and was ranked number 276 on the Fortune 500 annual list of public companies. 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, 2014.