Air Products to Raise Prices for North American Liquid and Bulk Industrial Gas Products

Date : 09/24/2019 @ 3:23PM
Source : Dow Jones News
Stock : Air Products and Chemicals Inc (APD)
Quote : 236.45  0.0 (0.00%) @ 12:00AM

Air Products to Raise Prices for North American Liquid and Bulk Industrial Gas Products

Air Products and Chemicals (NYSE:APD)
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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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