LEHIGH VALLEY, Pa.,
July 19 /PRNewswire-FirstCall/ -- Air
Products (NYSE: APD) today announced the opening of a new
office in Abu Dhabi and the
creation of a new legal entity, Air Products Gulf Gas LLC,
underlining the importance of the Middle
East region in its global growth strategy.
Air Products has been serving customers in the Middle East for over 50 years, and already
operates a helium and cylinder gases filling and distribution
facility, as well as a specialty gases center in the Jebel Ali Free
Zone. The company has offices in Doha, Qatar and Dubai; works closely with the region's
petrochemical, gasification and refining industries; and has built,
owned and operated air separation units (ASUs) and hydrogen
production plants throughout the Middle
East. In 2009 the company brought onstream the first
"over-the-fence" gas supply in Abu
Dhabi at the Emirates float glass plant.
The new Air Products office, which will be located in the city
center, will enable the company's packaged (cylinder) gas business
to directly offer its range of innovative cylinders, gases and
technology to a wider customer base.
Simon Little, general manager,
Air Products Middle East, said, "Alongside our existing businesses
in the Middle East, Abu Dhabi is strategically important for Air
Products. In recent years, we have quickly built a leadership
position supplying gases, equipment and operations expertise into
sectors such as GTL (gas to liquids), LNG (liquefied natural gas)
and refining. The opening of the new office to serve
Abu Dhabi's cylinder gas customers
is an important step in our strategy to continue to grow our
packaged gases business in the UAE."
The new legal entity has been formed through a joint venture
between Air Products (49%) and The First Abu Dhabi Management
Services LLC (51%).
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