Air Products to Build Additional Capacity to Become China's Largest Liquid Production Facility
June 28 2004 - 9:00PM
PR Newswire (US)
Air Products to Build Additional Capacity to Become China's Largest
Liquid Production Facility Air Products Company Further Expands to
Supply South China Industrial Gas Market LEHIGH VALLEY, Pa., June
28 /PRNewswire-FirstCall/ -- Air Products (NYSE:APD) through its
company Southern Air Products (Guangzhou) Co. Ltd., will increase
the investment at its air separation facility in Guangzhou, China
to double the production capability of liquid atmospheric gases.
Completion is scheduled for early 2005, at which time the facility
is projected to be capable of producing over 800 metric tons per
day (MTPD) of liquid oxygen, nitrogen, and argon on a combined
basis. This would make it the largest single production facility of
liquefied products in China and one of the largest that Air
Products operates worldwide. The existing facility, which has been
operating since October of 2000 with a current capacity of over 400
MTPD, is currently supplying more than 250 industrial manufacturers
throughout Guangdong Province. It is strategically located in the
Guangzhou Economic & Technological Development District
(GETDD), which has an expected economic output of over $14 billion
this year and ranks as one of the top two state level special
economic zones in China. In addition to the customers currently
being supplied by the Guangzhou facility in liquid form, Air
Products has been awarded over 10 long-term gas supply contracts to
provide larger users with a total of more than 500 MTPD of gaseous
nitrogen or oxygen in southern China. For the specialty gas market,
Chun Wang Industrial Gases, Air Products' wholly owned entity in
Shenzhen, plans to complete the installation of a helium transfill
in Shenzhen later this year to provide a direct supply chain to the
growing helium market in southern and eastern China. Bob Eng,
general manager, Southern Air Products, said, "These investments
are part of our continued commitment since 1987 to build long-term
infrastructure to meet the industrial gas needs of our local and
global customers, and support the economic development of the Pearl
River Delta in Guangdong Province, one of the fastest developing
economies in the world over the last 10 years." 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: Jessica Cheng, (852) 2863-0585,
e-mail: ; or Investor Inquiries: Alexander W. Masetti,
+1-610-481-7461, e-mail: , both of Air Products Web site:
http://www.airproducts.com/
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