LEHIGH VALLEY, Pa.,
Sept. 2 /PRNewswire/ -- Air Products
(NYSE: APD) today announced a contract to supply
Voronezhsintezkauchuk, part of Russia and Eastern
Europe's leading petrochemical company SIBUR, with a new
on-site air separation unit (ASU).
The ASU will have the capacity to produce up to 3,000m(3)/hour
of gaseous nitrogen when on-stream in 2012, plus up to
16,000m(3)/hour of dry compressed air. In addition to
providing Voronezhsintezkauchuk with all of its industrial gas
requirements, Air Products will supply liquid product to the
Russian market.
As part of this agreement, Air Products' first with a
state-owned Russian firm, the company will own, operate and
maintain the ASU to be located at Voronezhsintezkauchuk's site.
"We are continually looking for opportunities that allow us to
strengthen our position in growth regions, whether it's through
acquisitions such as BOC Gazy in Poland or by investing in long-term agreements
like the significant one we have now signed with
Voronezhsintezkauchuk," commented Rob
Mills, business development manager, Russia and Eastern
Europe at Air Products. "Building reliable, mutually
beneficial relationships with Russian firms is a key enabler in
capitalizing on long-term growth opportunities in this territory.
As Voronezhsintezkauchuk recognizes, the benefits of on-site
gas production facilities in a vast and rapidly expanding
marketplace are significant and can bring substantial commercial
advantages to both the customer and supplier."
About Air Products
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
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