Air Products Inks Deal with Hanyang ENG Co., Ltd. for Sales-Service of Chemical Blending and Distribution Equipment in North Am
June 19 2006 - 3:08PM
PR Newswire (US)
LEHIGH VALLEY, Pa., June 19 /PRNewswire-FirstCall/ -- Air Products
(NYSE:APD) today announced that it has signed an exclusive
agreement with South Korea-based Hanyang ENG Co., Ltd. (HYE) to
provide North American sales and service support for HYE's bulk
chemical blending and distribution equipment used in the
electronics industry. Air Products will be the direct sales agent
for HYE in North America. All equipment will be designed and
manufactured by HYE in Korea. "Our new relationship with Hanyang
Engineering significantly enhances Air Products' gas and chemicals
equipment offering," said Joe Stockunas, general manager for Air
Products' Electronics Equipment business. "In addition, this
relationship will provide North American electronics manufacturers
with a proven, low-cost supply of bulk chemical blending and
distribution systems." Air Products will train its gas and chemical
management technicians, who provide onsite management of gas and
chemical systems, to support the installation and operation of HYE
equipment at North American customer sites. Air Products' new HYE
equipment offering is in addition to the company's existing
CHEMGUARD(R) line of specialty chemical delivery equipment found
within its Schumacher product lines. HYE, having served the Korean
electronics market since 1988, possesses extensive experience in
the supply of chemical blending and distribution equipment. The
company holds a leading market share in Korea and has installed
nearly 100 systems at state-of-the-art 300 mm facilities. The
exclusive sales and service agreement with Air Products allows HYE
to geographically expand its offering to the North American
electronics market. Air Products (NYSE:APD) serves customers in
technology, energy, healthcare and industrial markets worldwide
with a unique portfolio of products, services and solutions,
providing atmospheric gases, process and specialty gases,
performance materials and chemical intermediates. Founded in 1940,
Air Products has built leading positions in key growth markets such
as semiconductor materials, refinery hydrogen, home healthcare
services, natural gas liquefaction, and advanced coatings and
adhesives. The company is recognized for its innovative culture,
operational excellence and commitment to safety and the environment
and is listed in the Dow Jones Sustainability and FTSE4Good
Indices. The company has annual revenues of $8.1 billion,
operations in over 30 countries, and over 20,000 employees around
the globe. For more information, visit http://www.airproducts.com/.
***NOTE: This release may contain forward-looking statements.
Actual results could vary materially, due to changes in current
expectations. DATASOURCE: Air Products CONTACT: Media Inquiries:
Robert Brown, +1-610-481-1192, e-mail: ; or Investor Inquiries:
Phil Sproger, +1-610-481-7461, e-mail: , both of Air Products Web
site: http://www.airproducts.com/
Copyright
Air Products and Chemicals (NYSE:APD)
Historical Stock Chart
From Jun 2024 to Jul 2024
Air Products and Chemicals (NYSE:APD)
Historical Stock Chart
From Jul 2023 to Jul 2024