Air Products Opens New Specialty Amines Plant in China
November 03 2009 - 9:00AM
PR Newswire (US)
Nanjing Plant Strengthens Capabilities in China to Serve Growing
Polyurethane Additives and Epoxy Markets LEHIGH VALLEY, Pa., Nov. 3
/PRNewswire-FirstCall/ -- Air Products (NYSE: APD) today has opened
its new specialty amines plant in Nanjing, Jiangsu Province, China.
The facility complements its existing local capabilities to support
customers in the growing polyurethane additives and epoxy markets.
Located in the Nanjing Chemical Industry Park (NCIP), the new
state-of-the-art specialty amines plant is a multi-reactor,
multi-purpose facility designed to manufacture many of the amine
chemistries marketed by the business globally. Air Products has
already built and operates two large air separation plants and a
pipeline system to serve customers in the NCIP. "China is a high
growth region for the world and for Air Products. China's growth
and domestic development in key markets and industries, such as
construction, coatings, and automobile production, make this an
important place for us to be focused on for growth and new
business. We are honored to build our new capability in the
world-class Nanjing Chemical Industry Park and participate in the
development of Jiangsu Province," said John E. McGlade, chairman,
president and chief executive officer of Air Products at the
opening ceremony. "The new specialty amines plant is another
strategic investment that Air Products has made in China to better
serve our customers with the range of performance materials and
technologies that meet global performance standards and enable
local companies to continue to grow and support development of
their industries." The new specialty amines plant has significantly
strengthened the supply chain capabilities of Air Products'
Performance Materials business in China and throughout Asia. Other
strategic capabilities that the company has built for its
Performance Materials business include a technology center in
Shanghai's Zhangjiang Industrial Park; a triethylenediamine (TEDA)
manufacturing facility for polyurethane additives in Changzhou;
warehouses in Changzhou, Shanghai, Guangzhou and Nanjing; plus a
strong local team to serve both China and Asian customers. The
plant has also enhanced Air Products' ability to supply
differentiated products which can be formulated locally to meet
local needs. The initial focus will be on several
performance-oriented products marketed by Air Products' epoxy
additive and polyurethane additive product lines, including the
Polycat® and Dabco® series of amine catalysts, and Ancamine® ,
Ancamide® and Sunmide® series of epoxy curing agents used in
diverse industries, such as coatings, inks, adhesives,
construction, appliance and automotive. 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. In fiscal 2009, Air
Products had revenues of $8.3 billion, operations in over 40
countries, and 18,900 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: Asia, Jessica
Cheng, +852-2863-0585, , or U.S., Robert Brown, +1-610-481-1192, ,
or Investor Inquiries: Nelson Squires, +1-610-481-7461, , all of
Air Products Web Site: http://www.airproducts.com/
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