LEHIGH VALLEY, Pa.,
March 10, 2011 /PRNewswire/ -- Air
Products (NYSE: APD) today announced it has signed an agreement
with Samsung Electronics Co., Ltd. to provide gaseous nitrogen to
Samsung Electronics' fabs in the Hwaseong-Giheung area, Gyeonggi
Province, South Korea.
Air Products will build a new nitrogen plant at its Hwaseong
site and an underground pipeline for nitrogen supply to Samsung's
fabs in the Hwaseong-Giheung area. The plant is expected to go
onstream in the spring of 2012. Air Products will also build
purification and liquid nitrogen backup systems.
"Samsung has been a long-standing and strategic customer for Air
Products. We are honored to have their continued confidence in our
capabilities to support their expansion plan," said Corning
Painter, vice president and general manager of Electronics for Air
Products. "This contract and investment for Air Products continues
to position us as a reliable supplier for Samsung as they execute
such an important and long-term investment."
For more information on Air Products' electronics business,
please go to www.airproducts.com/electronics.
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 2010, Air Products had revenues of
$9 billion, operations in over 40
countries, and 18,300 employees around the globe. For more
information, visit www.airproducts.com.
***NOTE: This release may contain forward-looking statements
within the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are
based on management's reasonable expectations and assumptions as of
the date of this release regarding important risk factors. Actual
performance and financial results may differ materially from
projections and estimates expressed in the forward-looking
statements because of many factors not anticipated by management,
including risk factors described in the Company's Form 10K for its
fiscal year ended September 30,
2010.
SOURCE Air Products