Air Products Announces North America Price Increase for Liquid and Bulk Helium Gases
December 15 2011 - 2:00PM
PR Newswire (US)
LEHIGH VALLEY, Pa.,
Dec. 15, 2011 /PRNewswire/
-- Effective January 1, 2012, or
as contracts permit, Air Products (NYSE: APD) will be implementing
a price increase for liquid and bulk helium gases in North America. Specific adjustments are being
communicated directly to customers.
The price increase is the result of several factors. The global
helium market continues to experience severe shortages in the
supply needed to meet the world's growing demand. The industry-wide
shortage has made it increasingly difficult to maintain Air
Products' global system for meeting customer requirements, and
unfortunately this situation is expected to continue well into the
future. Air Products has incurred increased costs to operate in
this manner, as its worldwide helium team is managing this
difficult situation on a daily basis in order to maintain
uninterruptible supply to customers.
***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,
2011.
SOURCE Air Products
Copyright 2011 PR Newswire
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