Air Products' CFO Says Focus on Growth Markets, Capital Discipline and Productivity Are Keys to Creating Long-Term Shareholder V
June 22 2004 - 2:09PM
PR Newswire (US)
Air Products' CFO Says Focus on Growth Markets, Capital Discipline
and Productivity Are Keys to Creating Long-Term Shareholder Value
Improving Return on Capital Remains #1 Priority LEHIGH VALLEY, Pa.,
June 22 /PRNewswire-FirstCall/ -- Speaking to a group of investors,
analysts and journalists earlier today at the Chemical Heritage
Foundation's First Annual Chemical Industry Conference in
Philadelphia, Paul Huck, vice president and chief financial officer
for Air Products (NYSE:APD), said an unyielding focus on growth
markets, capital discipline and productivity is positioning the
company to create long-term value for shareholders. He also
reminded the audience of Air Products' drive to improve return on
capital, calling it the leadership team's "highest priority." Huck
said that in addition to the stability tied to the company's global
reach and the diverse markets it serves, more than 50 percent of
revenues are derived from leading positions in four growth
platforms, positioning Air Products uniquely among its industry
peers. These four areas -- Electronics, Performance Materials,
Refinery Hydrogen and Energy Solutions, and Healthcare -- combined
with Air Products' $1.1 billion and growing position in Asia -- are
expected to deliver profitable growth well into the future. Huck
also noted that Air Products is driving increased productivity
across its businesses at all levels, including reducing production
and distribution costs, increasing plant output and efficiency, and
capitalizing on the company's SAP enterprise resource planning
system to improve customer service and reduce business transaction
costs. Access Huck's presentation slides on Air Products' Investor
Relations web site at
http://www.airproducts.com/Invest/PresentationSummary.htm. Access
his corporate biography at
http://www.airproducts.com/PressRoom/Biographies/ExecutiveBiographies.htm.
Air Products (NYSE:APD) serves customers in technology, energy,
healthcare and industrial markets worldwide with a unique portfolio
of products, services and solutions, providing atmospheric gases,
process and specialty gases, performance materials and chemical
intermediates. 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. With annual revenues of
$6.3 billion and operations in over 30 countries, the company's
18,500 employees build lasting relationships with their customers
and communities based on understanding, integrity and passion. For
more information, visit http://www.airproducts.com/. ***NOTE: This
release may contain forward-looking statements. Actual results
could vary materially, due to changes in current expectations.
DATASOURCE: Air Products CONTACT: Media Inquiries: Katie McDonald,
+1-610-481-3673, , or Investor Inquiries: Alex Masetti,
+1-610-481-7461, , both of Air Products Web site:
http://www.airproducts.com/
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