Air Products San Fu to Invest ~$900 Million in Ultra-high Purity Industrial Gas
Facilities Supplying Customer's Advanced Fabs in Kaohsiung
LEHIGH
VALLEY, Pa., April 28,
2022 /PRNewswire/ -- Air Products (NYSE:APD) today
announced that Air Products San Fu Co. Ltd has been awarded by one
of the world's largest semiconductor manufacturers to supply
industrial gases to the customer's new semiconductor manufacturing
facility in Kaohsiung, Southern
Taiwan.
Air Products San Fu will invest approximately $900 million to build, own and operate a number
of state-of-the-art onsite plants to supply ultra-high purity
nitrogen, oxygen, argon and hydrogen to the customer's advanced
fabs in the complex.
"Air Products is honored to be selected once again by our
strategic global customer to support their growth with advanced
fabs in Kaohsiung," said Eugene Lu,
president of Air Products San Fu. "This project reflects our strong
commitment to growing with our electronics customers, building on
decades of solid experience and a proven track record. This latest
supply agreement also demonstrates our customer's confidence in our
ability to meet their stringent safety, reliability, quality and
operational requirements to successfully support their advanced
semiconductor manufacturing."
A leading integrated gases supplier, Air Products has been
serving the global electronics industry for more than 40 years,
supplying critical industrial gases to many of the world's largest
technology companies developing the next generation of
semiconductors and displays for tablets, computers and mobile
devices. This latest project win joins other major
electronics-focused projects in Air Products' backlog.
"We are deploying the full breadth of our engineering, execution
and operational expertise and expect to bring these essential
industrial gas facilities onstream, enabling advanced chip
production to help meet ever-increasing global demand," said Air
Products' Chief Operating Officer Dr. Samir
J. Serhan.
Air Products has been serving the Taiwan market through Air Products San Fu for
70 years and has established leading positions in key science
industry parks with strong pipeline networks to serve its
semiconductor and TFT-LCD customers. Air Products San Fu has
approximately 800 employees and more than 20 production facilities
serving diverse markets, including metal fabrication, glass,
electronics, semiconductor, flat panel display and petrochemicals
in Taiwan. The company is the
first gas company in Taiwan
awarded ISO9002 and ISO14000 certifications.
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 2021 sales of $10.3 billion from operations in 50 countries and
has a current market capitalization of about $55 billion. More than 20,000 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.
Cautionary Note Regarding Forward-Looking Statements: This
release contains "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
expectations and assumptions as of the date of this release and are
not guarantees of future performance. While forward-looking
statements are made in good faith and based on assumptions,
expectations and projections that management believes are
reasonable based on currently available information, actual
performance and financial results may differ materially from
projections and estimates expressed in the forward-looking
statements because of many factors, including risk factors
described in our Annual Report on Form 10-K for the fiscal year
ended September 30, 2021. Except as
required by law, we disclaim any obligation or undertaking to
update or revise any forward-looking statements contained herein to
reflect any change in the assumptions, beliefs or expectations or
any change in events, conditions or circumstances upon which any
such forward-looking statements are based.
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SOURCE Air Products