Air Products Announces North American Price Increase for Several Liquid and Bulk Industrial Gas Products
September 17 2007 - 10:23AM
PR Newswire (US)
LEHIGH VALLEY, Pa., Sept. 17 /PRNewswire-FirstCall/ -- Effective
October 1, 2007, or as contracts permit, Air Products (NYSE:APD)
will increase schedule pricing on bulk helium by 30 percent, liquid
oxygen and liquid nitrogen by eight percent, liquid and bulk
hydrogen by 12 percent, and liquid argon by 12 percent for merchant
and government customers in North America. The pricing initiatives
are needed to address continued cost pressures and the need for
ongoing investment in infrastructure to increase operating rates.
These cost pressures include escalating material, labor, and energy
costs associated with the production and distribution of its
merchant gas products, and to support capital investment required
to meet current and future demand. ***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, Art George, +1-610-481-1340, ;
Investor Inquiries, Nelson Squires, +1-610-481-7461, , both of Air
Products Web site: http://www.airproducts.com/
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