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Air Products' Batu Kawan Industrial Park Pipeline On-stream and Supplying HP in Malaysia; Park's First Pipeline Extends from the Company's Network in Prai

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08/18/2017 | 02:24pm CEST

Release date- 17082017 - Lehigh Valley, Pa. - Air Products, a world-leading industrial gases company, today announced that its pipeline in Batu Kawan Industrial Park, Penang, for global leading printing company HP has come on-stream. As the Park's first gases pipeline, which extends from Air Products' existing network in Prai, this infrastructural investment represents the company's further commitment to the social and economic development of Northern Malaysia and the rest of the country.

'We are honored to be supporting HP's business growth plan in Malaysia,' said Alex Tan, Southeast Asia president, Industrial Gases, Air Products. 'Air Products has been serving Malaysia for over 40 years with a strong position established in Northern Malaysia. Providing a more reliable and cost-effective gases supply, this new pipeline will strengthen our support to HP's innovation and help fuel the growth of other manufacturers in the Park.'

The comprehensively planned Batu Kawan Industrial Park is rapidly developing into one of Penang's major industrial hubs in recent years. Strategically located, it offers excellent accessibility and high standard infrastructure facilities. HP's facility in the Park serves as the company's global consumer ink business headquarters and manufactures ink supplies by utilizing its innovative and environmentally-friendly technologies.

'Air Products' new supply system in the Batu Kawan Industrial Park improves the reliability, quality and cost-effectiveness of HP's operations while helping us reduce our carbon footprint,' said Sunil Chandiramani, General Manager/Vice President, Consumer Ink Business (WW IPH Operations), Inkjet Supplies Operations/IPS at HP. 'As part of the Park's common infrastructure that benefits all manufacturers here, it marks the beginning of sustainable industrial growth in Batu Kawan.'

Air Products has been serving Malaysia since 1974 and is recognized for its excellence in safety, reliability and operations. With eight state-of-the-art production facilities and depots strategically located throughout the country, the company produces high-purity and high-quality industrial gases to diverse markets including steel, electronics, chemicals processing, metals processing, food, glass and more.

Today, Air Products has established a leading position in Northern Malaysia. In Penang, its two air separation units in the Prai Industrial Park, together with an extensive supply network that expands into the Bukit Minyak Industrial Park and the Batu Kawan Industrial Park, provide a highly reliable gases supply to its customers. In Central and Eastern Malaysia, Air Products' hydrogen plants in Banting, West Port and Kuantan position the company as one of Malaysia's largest hydrogen suppliers.

About Air Products

Air Products (NYSE:APD) is a world-leading Industrial Gases company in operation for over 75 years. The Company's core industrial gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, 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 2016 sales of $7.5 billion from continuing operations in 50 countries and has a current market capitalization of approximately $30 billion. Approximately 16,000 employees are making Air Products the world's safest and best performing industrial gases company, providing sustainable offerings and excellent service to all customers. 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, 2016.

(c) 2017 Electronic News Publishing -, source ENP Newswire

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Financials (€)
Sales 2017 17 538 M
EBIT 2017 2 251 M
Net income 2017 1 239 M
Debt 2017 6 461 M
Yield 2017 2,38%
P/E ratio 2017 25,46
P/E ratio 2018 21,48
EV / Sales 2017 2,12x
EV / Sales 2018 2,02x
Capitalization 30 767 M
Duration : Period :
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Average target price 178 €
Spread / Average Target 7,6%
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