KUALA LUMPUR, Malaysia,
Feb. 10, 2021 /PRNewswire/
-- Air Products (NYSE: APD), a world leading industrial gases
company serving Malaysia for more
than 45 years, today announced it has brought on-stream its first
cryogenic nitrogen plant in the Bayan Lepas Free Industrial Zone,
Penang, Northern Malaysia. The new facility further
expands the company's capacity and reinforces its leading supply
position in Penang to serve the
fast-growing customer demand from the electrical and electronics
(E&E) and other manufacturing industries.
The Bayan Lepas Free Industrial Zone, located in Penang which is one of Malaysia's most vital economic powerhouses, is
a high-tech industrial zone and home to many multinational E&E
companies.
Air Products has established a leading position in Northern Malaysia. In Penang, the company's two advanced air
separation units in the Prai Industrial Park, together with an
extensive pipeline 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.
"Our latest investment puts us in an even stronger position in
this important industrial zone as well as Penang to support the thriving E&E
industry, which is a key growth driver of Malaysia's industrial development," said
Alex Tan, president of Air Products
Southeast Asia. "We strive to grow with our customers
along their digitalization and innovation journey by providing
our safe, reliable and efficient solutions and excellent
service."
The E&E industry is at the forefront of Industry 4.0
adoption that drives the technological transformation of
Malaysia's manufacturing sector by
leveraging the latest smart technologies such as Internet of Things
and artificial intelligence.
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 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; carbon capture projects; and
world-scale carbon-free hydrogen projects supporting global
transportation and the energy transition.
The Company had fiscal 2020 sales of $8.9
billion from operations in 50 countries and has a current
market capitalization of about $60
billion. More than 19,000 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 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,
2020.
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SOURCE Air Products