LEHIGH VALLEY, Pa.,
June 30 /PRNewswire-FirstCall/ -- Air
Products (NYSE: APD) today announced the signing of a new long-term
oxygen and nitrogen supply agreement, and that it will build a new
air separation unit (ASU) and refurbish its existing ASU and
liquefier at its facility in Granite
City, Illinois. The new facility, planned to be onstream in
the second quarter of 2012, will provide additional capacity for
meeting both on-site customer demand for gases and merchant liquid
products in the region.
"Air Products has been producing industrial gases at
Granite City since the 1950s. This
new investment will expand our capability to serve current
customers and provide significant modernization of our operations
there. It represents another step in our commitment to existing
customers in that area, and strengthens Air Products' ability to
supply merchant liquid products to customers in the Midwest
market," said Wilbur Mok, vice
president–Tonnage Gases North America for Air Products.
The new 500-ton-per-day ASU, planned to be onstream in 2012, in
combination with the existing, refurbished ASU and liquefier, will
add capability to serve both the on-site customer and the merchant
market. Total argon capacity for the site will also increase as a
result of this project.
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 www.airproducts.com.
***NOTE: This release may contain forward-looking statements.
Actual results could vary materially, due to changes in current
expectations.
SOURCE Air Products