Air Products to Raise Prices for North American Liquid and Bulk Industrial Gas Products
September 24 2019 - 11:23AM
Dow Jones News
By Michael Dabaie
Air Products & Chemicals Inc. (APD) said it would increase
product pricing, monthly service charges, and surcharges for
merchant customers in North America.
The maker of atmospheric gases said prices would increase up to
15% for liquid and bulk hydrogen, up to 20% for liquid argon, up to
10% for liquid nitrogen and liquid oxygen and up to 10% for liquid
carbon dioxide and monthly service charges.
Some price adjustments may be outside of these ranges based on
specific situations, the company said. Helium prices also will be
increased based on supply and demand and cost situations and may be
customer specific, Air Products said.
The company said the price increases are in response to
increases in sourcing, production and delivery costs.
Shares were up 0.5% to $221.53 in morning trading.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
September 24, 2019 11:08 ET (15:08 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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