LEHIGH VALLEY, Pa.,
Oct. 1, 2019 /PRNewswire/ -- Air Products (NYSE: APD)
today announced it has been awarded a contract to supply
on-site nitrogen to Samwha Capacitor's new multi-layer ceramic
capacitor (MLCC) plant being built adjacent to its existing plant
in Yongin, South Korea. An
affiliate of Samwha Capacitor Group—Korea's leading passive
electronic component manufacturer—Samwha Capacitor is one of the
major MLCC suppliers in the country.
Air Products has been supplying on-site nitrogen to Samwha
Capacitor's Yongin site, which produces MLCCs for the automotive
and electronics industries. Under the new contract,
Air Products will expand its nitrogen capacity to support the
increasing demand from Samwha Capacitor's existing and new
plants.
"Air Products is honored to strengthen our relationship with
Samwha Capacitor and be selected once again to support their growth
and expansion," said Kyo-Yung Kim,
president of Air Products Korea. "Advancements in automotive,
5G and other modern technologies are expected to remain a key
driver of MLCC demand. Our safety, reliability, operational
excellence and experience will continue to position us to support
the robust development of Korea's MLCC market."
MLCCs are passive electronic components that store electrical
energy. With a small physical size and large storage capability,
MLCCs are widely used in electric and autonomous vehicles, and
other modern technology fields, such as smartphones,
telecommunications, data processing, personal computers, hard disks
and video cameras.
A leading integrated gases supplier, Air Products has been
serving the global electronics industry for more than 40 years,
delivering industrial gases safely and reliably to many of the
world's largest technology companies to develop the next generation
of electronic devices. The company also supplies many manufacturers
for the production of key components used in electric vehicles,
including rechargeable batteries.
About Air Products
Air Products (NYSE:APD) is a world-leading industrial gases company
in operation for over 75 years. The company provides industrial
gases and related equipment to dozens of industries, including
refining, chemical, metals, electronics, manufacturing, and food
and beverage. Air Products is also the world's leading
supplier of liquefied natural gas process technology and
equipment.
The Company had fiscal 2018 sales of $8.9
billion from operations in 50 countries and has a current
market capitalization of about $50
billion. Approximately 16,000 passionate, talented and
committed employees from diverse backgrounds are driven by Air
Products' higher purpose to create innovative solutions that
benefit the environment, enhance sustainability and address the
challenges facing customers, communities, and the world. 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,
2018.
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SOURCE Air Products