LEHIGH VALLEY, Pa.,
April 16, 2018 /PRNewswire/
-- Effective May 1, 2018, or as
contracts permit, Air Products (NYSE: APD) will increase product
pricing and surcharges for customers in North America for liquid argon. The pricing
adjustment is an increase of up to 20% for liquid argon. Some price
adjustments may be outside of this range based on specific
situations.
These adjustments are in response to the cost impact associated
with the continued low operating rates in the steel market,
increasing operational costs and delivery costs associated with
specific regional supply and demand imbalances. In addition to
covering increases in operating expenses, Air Products continues to
make significant investments aimed at improving the reliability,
security, safety, and the cost efficiency of its operations.
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,
2017.
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SOURCE Air Products