LEHIGH VALLEY, Pa.,
Sept. 19, 2017 /PRNewswire/ -- Air
Products (NYSE: APD), a world-leading industrial gases company,
today announced it has been awarded the oxygen supply for the new
production facility of LG Chem (LGC), Korea's number one chemical
company and one of the largest chemical companies in the
world.
Air Products will supply gaseous oxygen through an on-site
PRISM® vacuum swing adsorption (VSA) oxygen generator to LGC's new
facility in central South Korea.
The oxygen will be used for the production of materials used in
secondary batteries.
"LGC has been a strategic customer for Air Products, and we are
honored to have their continued confidence in our capabilities to
support their growth plans," said Kyo-Yung
Kim, president of Air Products Korea. "Air Products is
committed to growing together with the Korea market and our
customers here. We will continue to look for opportunities to bring
reliable and efficient solutions to the increasing gas demands of
the burgeoning secondary battery market."
On-site gas generation helps sustainability-minded customers
lower carbon footprint, boost energy efficiency, increase
throughput, enhance end product quality, and improve environmental
performance. By maximizing efficiency and significantly reducing
energy requirements, Air Products' PRISM product line provides
reliable, economical and eco-friendly on-site supply solutions. Its
modular, packaged plant design enables quick installation, easy
integration, and flexible operating patterns to meet changing
production needs. For more information, visit Air Products' On-site
Gas Generation web page.
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.
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SOURCE Air Products