Air Products Announces North American Price Increase for Liquid and Bulk Industrial Gas Products
September 15 2008 - 10:35AM
PR Newswire (US)
LEHIGH VALLEY, Pa., Sept. 15 /PRNewswire/ -- Effective October 1,
2008, or as contracts permit, Air Products (NYSE:APD) will increase
schedule pricing on liquid oxygen and liquid nitrogen by eight
percent, liquid argon and liquid and bulk hydrogen by 12 percent,
and liquid and bulk helium by 15 to 30 percent for merchant
customers in North America. The pricing initiatives are needed to
address continued cost pressures and the need for ongoing
investment in infrastructure to improve operating efficiencies.
These cost pressures include escalating material, labor, and energy
costs associated with the production and distribution of 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: Art George, +1-610-481-1340, , or Investors: Nelson
Squires, +1-610-481-7461, , both of Air Products Web site:
http://www.airproducts.com/
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