LEHIGH VALLEY, Pa.,
May 14, 2020 /PRNewswire/ -- Air
Products (NYSE: APD) today announced it has been awarded another
long-term onsite supply contract by a world-leading printed circuit
board (PCB) and contract manufacturer in China. Air Products'
latest win will further enhance its strong supply position and
onsite capacity to serve this customer and the fast-growing
electronics markets.
Air Products will add one large-volume high purity nitrogen
(HPN) generator to support the PCB and contract manufacturer's
expansion in Northern China.
Coupling the new facility with the several existing HPN generators
brought on-stream over the past three years across the country, the
company will significantly increase its gas capacity for the
customer.
In addition to gas supply, Air Products has also provided its
proprietary NitroFAS® Intelligent Nitrogen
Control System (INCS) units and related application solutions
developed through its Asia Technology Center in Shanghai. These innovative offerings have
further improved the customer's product quality, productivity, and
environmental performance with reduced emissions. The remote
monitoring and control function of the INCS has also enabled the
realization of the benefits of Industrial Internet of Things.
"We are honored by the trust our valued customer has been
placing in Air Products to support their growth plans over the
years. The new contract is testimony to our reliable
operation and supply and deep experience in delivering
innovative gas application solutions," said Saw Choon Seong, China president at Air Products. "In
China, we strive to grow with our customers and the electronics
manufacturing industry by supporting 'New Infrastructure' projects
including 5G networks, artificial intelligence, Internet of Things
and Industrial Internet through safety, reliability, efficiency and
excellent service."
Air Products has been serving the global electronics industry
for over 40 years. Its total solutions including gas supply,
application solutions and equipment help electronics packaging and
assembly manufacturers meet the increasing demand for the newest
generation of semiconductors. The company's electronics packaging,
assembly and testing laboratory at its state-of-the art Asia
Technology Center develops advanced application solutions to
support the fast-paced growth of the China and Asia markets.
In China, Air Products has been
supplying many world-leading and domestic manufacturers in the
development of next generation electronic devices. The company has
built a strong position in key electronics manufacturing bases
including Nanjing, Xi'an, Fujian, Anhui
and the Beijing-Tianjin-Hebei
region. As one of the first multinational industrial gas
corporations to enter the China
market, Air Products now has over 70 operating entities and 170
production facilities across the country, serving a broad range of
industries and supporting their transformation and upgrading.
About Air Products
Air Products (NYSE:APD) is a
world-leading industrial gases company in operation for nearly
80 years. Focused on serving energy, environment and emerging
markets, the Company provides essential industrial gases, related
equipment and applications expertise to customers in dozens of
industries, including refining, chemical, metals, electronics,
manufacturing, and food and beverage. Air Products is also the
global leader in the supply of liquefied natural gas process
technology and equipment. The Company develops, engineers, builds,
owns and operates some of the world's largest industrial gas
projects, including gasification projects that sustainably convert
abundant natural resources into syngas for the production of
high-value power, fuels and chemicals.
The Company had fiscal 2019 sales of $8.9
billion from operations in 50 countries and has a current
market capitalization of about $50
billion. More than 17,000 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 airproducts.com or follow us on LinkedIn, Twitter,
Facebook or Instagram.
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,
2019.
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SOURCE Air Products