Air Products to Expand Liquid Oxygen and Nitrogen Capacity in Poland with New Liquefier
September 10 2007 - 6:00AM
PR Newswire (US)
LEHIGH VALLEY, Pa., Sept. 10 /PRNewswire-FirstCall/ -- A new
liquefier to be built by Air Products (NYSE:APD) will generate an
additional 400 tonnes per day (TPD) of industrial gases to meet
fast growing demand in Polish manufacturing sectors. The new
liquefier will be located at the company's Kedzierzyn facility in
the south of Poland, taking the total capacity there for oxygen and
nitrogen products to 800 TPD. The facility is scheduled to be
on-stream early in 2009, subject to approvals from the authorities.
Manufacturing in Poland grew by 7.4 percent in the six years to
2006. Nearly 30 percent of the total Polish manufacturing output
and approximately 25 percent of new manufacturing investment are
located within 150km of Air Products' Kedzierzyn facility. It is
expected that the Polish gases market will become severely short of
capacity in 2008 as demand continues to rise and will increasingly
rely on imports. Commenting, Air Products' vice president, bulk
gases-Europe, Graham Rhodes said, "We are delighted to be making
our first major new investment in Poland so soon after the
acquisition of the BOC industrial gas business from The Linde
Group. This signifies the confidence we have both in the market and
in our highly motivated commercial team to leverage our proven
competitive technology positions in key industries such as glass,
metals and food. This will strengthen our market leading position."
The company says it also expects to generate distribution
synergies, given Kedzierzyn's proximity to existing Air Products
business clusters in the Czech and Slovak Republics. In April, Air
Products completed the acquisition of the BOC Gazy industrial gas
business from The Linde Group, making Air Products the leading
industrial gas supplier in Central Europe's fastest growing
economy. Air Products (NYSE:APD) serves customers in industrial,
energy, technology and healthcare markets worldwide with a unique
portfolio of atmospheric gases, process and specialty gases,
performance materials, and equipment and services. 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 $9 billion, operations
in over 40 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, Art George (U.S.),
+1-610-481-1340, ; or Guenaelle Holloway (Europe),
+44-0-1932-249245, ; or Investor Inquiries, Nelson Squires,
+1-610-481-7461, , all of Air Products Web site:
http://www.airproducts.com/
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