KUALA LUMPUR, Malaysia,
Sept. 8, 2020 /PRNewswire/
-- Air Products (NYSE: APD) announced today it has been
awarded a long-term onsite contract from a global leader in memory
and storage solutions to supply its state-of-the-art new facility
in Penang, North Malaysia. The latest win will further
strengthen Air Products' long-standing relationship with its global
customer and its leading position to serve the fast-growing
electronics markets.
Air Products will install a proprietary PRISM® cryogenic
nitrogen generator to supply high purity, reliable and economical
on-site gaseous nitrogen, and a significant volume of liquid
nitrogen to the new facility, located in one of the fast-growing
industrial parks in Penang. The gases will be used in the
customer's chip assembly processes and cold testing of the memory
products, helping improve product quality, productivity, and
environmental performance.
Air Products has been serving Malaysia since 1974 and is recognized for its
excellence in safety, reliability and operations. Today, Air
Products has established a leading position in North Malaysia. In Penang, the company's two advanced air
separation units in the Prai Industrial Park, together with an
extensive supply network that expands into the Bukit Minyak
Industrial Park and the Batu Kawan Industrial Park, provide a
strong and highly reliable gases supply to its customers.
"We are honored by the continued trust of our customer in our
capability to support their growth plans with this significant
investment in Malaysia," said
Alex Tan, president of Air Products
Southeast Asia. "Malaysia is one
of the largest exporters of electrical and electronics (E&E)
products. The E&E industry is not only a key growth driver of
the country's industrial development, it also enables the country
to move into Industry 4.0 by leveraging the latest smart
technologies such as Internet of Things and artificial intelligence
with the intermediary products and components produced. We strive
to grow with our customers and fuel thriving E&E industry in
Malaysia through our safety,
reliability, efficiency and excellent service."
Serving the global electronics industry for over 40 years, Air
Products' 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 Asia
markets.
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 $65
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