| 2008-02-18 | Contract/Agreements | WESTLAKE, Ohio--(BUSINESS WIRE)--Sea-Land Chemical Company (http://www.sealandchem.com) will distribute Air Products (NYSE:APD) surfactants in an expanded territory for household, institutional and industrial cleaning and metalworking fluids markets in Washington, DC, Delaware, Maryland, New Jersey and locations in eastern Pennsylvania and New York.
Products include Tomadol linear alcohol ethoxylate surfactants, and Tomamine ether amine and amine derivative additives.
We are excited by this opportunity and have already received positive feedback from our customers in these territories, said Mark Christeon, Executive Vice President of Sea-Land Chemical Company.
Sea-Land has been a distributor of these products for more than 30 years.
We pride ourselves in developing long-term relationships with our suppliers, said Christeon. Our experience and commitment to service enable us to very comfortably step in and seamlessly manage customer accounts.
Founded in Cleveland, Ohio in 1963, Sea-Land Chemical Company is an employee-owned distributor of chemical specialties. The company provides a variety of products to the lubricants; household and industrial cleaners; coatings and adhesives; and rubber and plastics industries. The company employs technically adept sales professionals and serves markets across the United States from its seven strategically located warehouses. For further information, please call 440-871-7887 or visit www.sealandchem.com.
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| 2008-02-13 | Contract/Agreements | Air Products and Applied Process Technology, Inc. today announced the signing of a license agreement for Applied's patented HiPOx(TM) technology. The license agreement provides Air Products exclusive rights to market the technology in the United States and Canada for municipal wastewater and drinking water applications at greater than one million gallons per day water flow rate. The agreement also provides Air Products non exclusive access to other geographic regions, as well as industrial wastewater and groundwater remediation applications of the technology.
HiPOx technology uses an advanced oxidation process which combines ozone and hydrogen peroxide to form hydroxyl radicals. The hydroxyl radicals oxidize organic contaminants in water without creating additional waste streams. Unlike other ozone based advanced oxidation systems, HiPOx technology minimizes the formation of by products, such as bromate, making it ideal for drinking water applications in addition to remediation, wastewater and process water clean up. The applications for the technology include taste, odor, and color reduction, destruction of volatile organic compounds (VOCs), water disinfection for reuse, and removal of microcontaminants such as endocrine disruptors.
"This technology is a significant building block for our water treatment business. Water treatment is an important growth area for Air Products, building on our gases experience and expanding into new equipment based solutions. Our existing water treatment business has focused primarily on industrial wastewater applications. HiPOx technology combined with other internally developed offerings provides an entry for Air Products into the drinking water and water reuse segments," said Deborah Anderson, business development manager for North America Merchant Gases at Air Products.
"It is great to be working with Air Products on this and we're very excited about the potential HiPOx penetration of the market moving forward," said Terry Applebury, Applied's president and CEO. "Applied was founded on the premise that the drinking water industry was faced with a growing array of new and emerging man made chemical contaminants and that the industry would recognize the value of a technology like HiPOx. The complement of Applied's 'clean water, no waste' philosophy and Air Products' expansion of their water treatment initiatives will be a benefit to municipalities and others needing treatment. Our team takes great pride in being associated with Air Products' pursuit of this market."
For more information about Air Products' water systems offerings, visit http://www.airproducts.com/watersystems.
About Air Products
Air Products (NYSE: APD) serves customers in industrial, energy, technology and healthcare markets worldwide with a unique portfolio of atmospheric gases, process and specialty gases, performance materials, and equipment and services. Founded in 1940, Air Products has built leadership positions in key growth markets such as semiconductor materials, refinery hydrogen, home healthcare services, natural gas liquefaction, and advanced coatings and adhesives. The company is recognized for its innovative culture, operational excellence and commitment to safety and the environment and is listed in the Dow Jones Sustainability and FTSE4Good Indices. The company has annual revenues of $10 billion, operations in over 40 countries, and over 22,000 employees around the globe. For more information, visit http://www.airproducts.com.
About Applied Process Technology, Inc.
Since 1996 Applied has been committed to developing innovative, cost effective solutions to address the globe's water related needs. The company is focused on providing environmentally friendly, waste free, and sustainable water solutions for the drinking water, environmental remediation, industrial process water, wastewater and homeland security markets quickly and cost effectively without generating residual |
| 2008-01-28 | Contract/Agreements | Two new air separation units (ASUs) for Shadeed Iron & Steel's production plant in the Sohar Industrial Port of Oman will be supplied by a joint venture between the Abdullah Hashim Group of the Kingdom of Saudia Arabia and Air Products (NYSE: APD). The ASUs will supply oxygen and nitrogen for iron and steel production at the Shadeed Iron & Steel facilities in Sohar, Oman. The ASUs, to be designed and engineered by Air Products in the United Kingdom, are scheduled to come on stream in August 2008.
"We have a 30 year relationship with the Abdullah Hashim Group, having supplied them with a number of ASU production facilities, and we regularly work together to supply ASUs to other clients in the region," explained Richard Boocock, Air Products' vice president, Tonnage Gases, Equipment & Energy, Europe and Middle East. "Abdullah Hashim is a well established and respected name. Combined with our large scale engineering capability and product supply reliability, together we have proved to be a winning formula for Shadeed."
"Air Products has built leadership positions in the wider Middle East supplying gases, equipment and operations expertise into sectors such as GTL, LNG and refining. Now, we are proving that we can compete and win in other sectors, such as steel production," said Boocock.
About Air Products
Air Products (NYSE: APD) serves customers in industrial, energy, technology and healthcare markets worldwide with a unique portfolio of atmospheric gases, process and specialty gases, performance materials, and equipment and services. Founded in 1940, Air Products has built leading positions in key growth markets such as semiconductor materials, refinery hydrogen, home healthcare services, natural gas liquefaction, and advanced coatings and adhesives. The company is recognized for its innovative culture, operational excellence and commitment to safety and the environment. Air Products has annual revenues of $10 billion, operations in over 40 countries, and 22,000 employees around the globe. For more information, visit http://www.airproducts.com.
About Abdullah Hashim Group
AHG is a company of Abudullah Hashim Group. The Abdullah Hashim Group is a privately owned Saudi company which has been in business for more than half a century. Turnover exceeds USD 450MM, and it employs more than 1700 people. The group's activities are in three main areas the import and distribution of industrial and automotive vehicles and equipment, including the agency for Honda cars and motorcycles in Saudi Arabia; the distribution of welding equipment and related supplies; and the manufacture and distribution of a wide range of industrial and medical gases, from four production plants and seven distribution centers. Its industrial gases activities include the distribution of welding equipment and related supplies; and the manufacture and distribution of a wide range of industrial and medical gases, from four production plants and seven distribution centers. Abdullah Hashim Gases offer Project Engineering infrastructure including project design and installation, as well as extensive regional operation support and back up liquid gases distribution. http://www.ahg.com.sa.
About Shadeed Iron and Steel
UAE based Al Ghaith Holdings PJSC is setting up Shadeed Iron and Steel Co., Oman's first and the Gulf region's third iron and steel plant, investing some $750 million in a state of the art production facility in the Sohar Industrial Port in the Batinah region. The plant shall comprise of DRI plant of 1.5 million Tons per annum capacity and steel melt shop of 1.1 million tones per annum capacity of steel billets. For more information visit http://www.shadeed.ae.
***NOTE: This release may contain forward looking statements. Actual results could vary materially, due to changes in current expectations. s.server=server() s.channel="news release" s.pageName="news_release_air products joint venture with abdullah hashim win |
| 2008-01-23 | Earnings/Dividends | Access the Q1 earnings teleconference today at 10:00 a.m. EST by calling (719) 325 4826 and entering passcode 8101417, or listen on the Web at:
http://www.airproducts.com/Invest/financialnews/EarningsReleases.htm.
LEHIGH VALLEY, Pa., Jan. 23 /PRNewswire FirstCall/ Air Products (NYSE: APD) today reported net income of $264 million, or diluted earnings per share (EPS) of $1.19, for its fiscal first quarter ended December 31, 2007. Net income increased 15 percent, and diluted EPS increased 16 percent compared with the prior year.
These results include $0.03 of discontinued operations related to a previously announced definitive agreement to divest Air Products' interest in its polymers joint ventures to Wacker Chemie AG and the completed sale of the company's High Purity Process Chemicals (HPPC) business to KMG Chemicals during the quarter. On a continuing operations basis, net income increased 16 percent, and diluted EPS increased 17 percent.
First quarter revenues of $2,474 million were up nine percent from the prior year on higher volumes, improved pricing across most segments, and a weaker dollar. Operating income of $372 million was up 17 percent versus the prior year.
John McGlade, president and chief executive officer, said, "Our fiscal year is off to a great start, thanks to the dedication and commitment of our 22,000 employees worldwide. We delivered double digit earnings growth and significant margin improvement during the quarter. This strong performance reflects the continued emphasis we have placed on delivering profitable growth through our global focus and relentless drive for productivity."
First Quarter Segment Performance
Merchant Gases sales of $897 million were up 21 percent and operating
income of $175 million increased 26 percent over the prior year on
higher volumes, improved pricing, a weaker dollar and productivity.
Margins increased to 19.6 percent, up 80 basis points versus the prior
year.
Tonnage Gases sales of $791 million were up 15 percent and operating
income of $111 million increased 16 percent over the prior year.
Revenues increased from higher volumes, increased natural gas costs and
a weaker dollar. The operating income increases were driven by higher
volumes, improved plant efficiencies and asset sales. These were
partially offset by planned maintenance costs for a number of plant
outages and higher bidding expenses related to the significant growth
opportunities in this segment.
Electronics and Performance Materials sales of $514 million were up six
percent and operating income of $66 million increased 33 percent over
the prior year on improved volumes. Electronics sales were driven by
higher specialty materials and bulk gas volumes, while Performance
Materials volume gains were driven by demand for surfactants and
specialty additives used in environmentally friendly formulations.
Margins increased significantly to 12.8 percent, a 260 basis point
improvement over the prior year, reflecting the impact of restructuring
actions in Electronics and increased sales of formulated products in
Performance Materials.
Equipment and Energy sales of $100 million and operating income of $9
million decreased from the prior year, as expected. The company
received one new LNG heat exchanger order during the quarter.
Healthcare sales of $171 million were up 10 percent and operating
income of $14 million increased 45 percent over the prior year, driven
by volume growth and lower costs in Europe.
Outlook
McGlade said, "Economic activity through the first quarter of this year is tracking in line with our expectations. Looking forward, we expect high bidding activity and solid demand from our customers, who rely on our products and services to improve energy efficiency, plant productivity, product quality and environmental performance.
"We believe the a |
| 2008-01-22 | Contract/Agreements | Air Products today announced that it has received an order from KBR (NYSE: KBR) to provide its proprietary process technology and main cryogenic heat exchanger for the Sonatrach liquefied natural gas (LNG) project in Skikda, Algeria. Air Products' technology will be vital to Sonatrach and the largest LNG train ever built in Algeria, producing 4.5 million metric tons per year at Skikda. In July 2007, KBR announced that it had been selected as engineering, procurement and construction contractor for the Skikda LNG project.
Air Products will be providing the Skikda LNG project its proprietary propane pre cooled mixed refrigerant liquefaction process technology, with the Split MRTM refrigeration equipment configuration, and an MCR(R) main cryogenic heat exchanger. The equipment is scheduled to be delivered in late 2009.
"Air Products and Sonatrach have a 30 year relationship working together on LNG and other projects. We're pleased to continue this relationship and proud to be involved with the development of the largest ever LNG project in Algeria," said Jim Solomon, director LNG at Air Products. Over the span of three decades, Air Products' technology has been selected by Sonatrach in the development of 12 LNG trains at Arzew, Algeria. Air Products and Sonatrach also participate in a helium joint venture at Arzew.
A majority of the total worldwide LNG is produced with Air Products' technology. Air Products has designed, manufactured and exported over 75 LNG heat exchangers from its Wilkes Barre, Pa. facility over the last 30 years.
In support of the LNG industry, Air Products provides process technology and key equipment for the heart of the base load liquefaction process, and nitrogen plants for the base load LNG facility. Upstream, Air Products provides both nitrogen and natural gas dehydration membrane systems for offshore platforms. Downstream, Air Products provides dry inert gas generators for LNG carriers, shipboard membrane nitrogen systems, land based membrane and cryogenic nitrogen systems for LNG import terminals, and LNG peak shavers.
Air Products (NYSE: APD) serves customers in industrial, energy, technology and healthcare markets worldwide with a unique portfolio of atmospheric gases, process and specialty gases, performance materials, and equipment and services. Founded in 1940, Air Products has built leading positions in key growth markets such as semiconductor materials, refinery hydrogen, home healthcare services, natural gas liquefaction, and advanced coatings and adhesives. The company is recognized for its innovative culture, operational excellence and commitment to safety and the environment. Air Products has annual revenues of $10 billion, operations in over 40 countries, and 22,000 employees around the globe. For more information, visit http://www.airproducts.com.
***NOTE: This release may contain forward looking statements. Actual results could vary materially, due to changes in current expectations. s.server=server() s.channel="news release" s.pageName="news_release_air products to provide proprietary technology for largest lng facility in algeria" s.prop2="109" s.prop3="01 22 2008" /************* DO NOT ALTER ANYTHING BELOW THIS LINE ! **************/ var s_code=s.t();if(s_code)document.write(s_code); // |
| 2008-01-21 | Contract/Agreements | Air Products is to ship a cold box, key equipment for an air separation unit (ASU), to reach the port of Abu Dhabi at the end of February 2008. This shipment is the main stage of a project by the joint venture between the Abdullah Hashim Group (AHG) and Air Products to build, operate and maintain a new ASU and a hydrogen production facility for Emirates Float Glass Company (EFG) in Abu Dhabi, United Arab Emirates. The new plant will be the first over the fence gas supply in the Industrial City of Abu Dhabi, and one of the first in the Middle East.
The newly set up UAE joint venture between Air Products and Abdullah Hashim Group combines Air Products' technology and the regional know how and experience of the Abdullah Hashim Group, and will deliver projects following Air Products' globally recognized standards for operation and maintenance.
The cold box is the core element of an ASU and enables the air to be cooled so that it can be separated into different gases. The cold box and other cryogenic equipment are being manufactured at Air Products' facility in Acrefair, North Wales, UK.
"We are very excited to bring this project one step closer," explains Richard Boocock, vice president, Tonnage Gases, Equipment & Energy, Air Products Europe & Middle East. "We bring extensive worldwide experience in designing, constructing and operating ASUs, and will provide globally proven in house nitrogen cryogenic distillation technology. Our partner, AHG, has unrivalled Middle East project management expertise and extensive liquid gases back up capabilities in the gulf region."
"Our joint venture enables us to offer the highest standards of nitrogen and hydrogen supply safety, reliability, product purity and power efficiency," adds Khalid Hashim, managing director of AHG.
Air Products has operated a helium and cylinder gases filling and distribution facility in the Jebel Ali Free Zone in UAE since 1990, and strengthened its presence in the Middle East with the opening of its office in Doha, Qatar last year.
"With leading positions in the Middle East in key markets such as LNG, GTL and refineries, we are now looking at expanding our presence in new sectors and this new contract illustrates that our core skills can be applied in many different industries," said Boocock.
"We are proud to be part of a project of such strategic importance to both Emirates Float Glass Company and the United Arab Emirates' industrial development. This project supports the growing high demand from the construction market in the UAE," adds Hashim.
Under the long term supply agreement, the ASU will supply nitrogen and hydrogen for the production of float glass* at EFG's new state of the art plant located in the Industrial City of Abu Dhabi. The nitrogen and hydrogen facility is expected to be on stream during the third quarter of 2008 and will include design features allowing for future gas production expansion required for EFG's float glass Phase 2.
About Air Products
Air Products (NYSE: APD) serves customers in industrial, energy, technology and healthcare markets worldwide with a unique portfolio of atmospheric gases, process and specialty gases, performance materials, and equipment and services. Founded in 1940, Air Products has built leading positions in key growth markets such as semiconductor materials, refinery hydrogen, home healthcare services, natural gas liquefaction, and advanced coatings and adhesives. The company is recognized for its innovative culture, operational excellence and commitment to safety and the environment. Air Products has annual revenues of $10 billion, operations in over 40 countries, and 22,000 employees around the globe. For more information, visit http://www.airproducts.com.
About Abdullah Hashim Group
AHG is a company of Abudullah Hashim Group. The Abdullah Hashim Group is a privately owned Saudi company which has been in business for more than half a century. Turnover exc |
| 2008-01-14 | Contract/Agreements | LCDs
LEHIGH VALLEY, Pa., Jan. 14 /PRNewswire FirstCall/ Air Products today announced it has signed an agreement with Signet Solar Inc. to supply turnkey installation of gas delivery systems and services and related gas needs for a new, thin film photovoltaic (PV) module production facility in Mochau, Germany. The long term agreement includes the supply of hydrogen, helium, nitrogen and argon, as well as specialty gases such as silane, nitrogen trifluoride (NF3) and dopant gases. The new plant will be onstream in the summer of 2008.
"We are delighted to have been selected as the gas supplier to Signet Solar and are confident that our expertise in turnkey gas delivery solutions will be invaluable in the safe and effective start up of Signet's new facility in Mochau," said Corning Painter, vice president and general manager of Electronics for Air Products. "We look forward to Signet's success and growing with the company in the future."
Signet Solar's thin film PV modules will be manufactured in much the same way as thin film transistor liquid crystal displays (TFT LCD) are produced. As one of the largest suppliers to the TFT LCD industry, Air Products is ideally suited to supply the new facility. This agreement marks Air Products' entry into the burgeoning thin film photovoltaic industry and complements its existing crystalline PV offerings.
"After an extensive evaluation process we selected Air Products as our long term gas supplier for our first manufacturing plant in Germany," said Gunter Ziegenbalg, Managing Director of Signet Solar GmbH. "We found Air Products' offering to best match our need for reliable, safe and high quality gas supply as well as for an extensive on site support. We are looking forward to growing the business together as Signet Solar will expand its production capacities worldwide."
"Our position as one of the leading suppliers of NF3, high purity ammonia, helium and hydrogen combined with our complete supply chain and bulk delivery system expertise in silane, enables us to be the safest and most reliable long term supplier to the PV market," said Painter.
PV modules convert sunlight directly into electricity. When production begins later this year, Signet Solar will be manufacturing the world's largest PV modules, measuring 2.2m x 2.6m, for use in solar power stations, solar panels integrated into buildings, and for free standing solar plants in areas without electricity.
With the demand for renewable energy and improved efficiency on the rise, Air Products is well positioned to take advantage of these emergent markets due to its experience in areas such as: large scale hydrogen supply for cleaner transportation fuels, developmental work on the hydrogen economy, hydrogen vehicle fueling and infrastructure issues, leading natural gas liquefaction technology, advanced materials for lithium ion electrolytes for longer life batteries, and now the mounting supply of gases and services for photovoltaics.
Air Products (NYSE: APD) serves customers in industrial, energy, technology and healthcare markets worldwide with a unique portfolio of atmospheric gases, process and specialty gases, performance materials, and equipment and services. Founded in 1940, Air Products has built leading positions in key growth markets such as semiconductor materials, refinery hydrogen, home healthcare services, natural gas liquefaction, and advanced coatings and adhesives. The company is recognized for its innovative culture, operational excellence and commitment to safety and the environment and is listed in the Dow Jones Sustainability and FTSE4Good Indices. The company has annual revenues of $10 billion, operations in over 40 countries, and over 22,000 employees around the globe. For more information, visit http://www.airproducts.com.
***NOTE: This release may contain forward looking statements. Actual results could vary materially, due to changes in current expectations. s.server=se |
| 2008-01-02 | Merger/Acquisition | Air Products today said it has completed the previously announced sale of its high purity process chemicals (HPPC) business for approximately $75 million to KMG Chemicals (Nasdaq: KMGB), a producer and distributor of mature specialty chemicals for carefully focused global markets.
"We are pleased to complete this sale to KMG Chemicals. We're aligning our portfolio to better focus on the products where we can provide the most value to our customers. We thank all of the employees involved for their hard work in running the HPPC business and completing this sale," said Mike Hilton, senior vice president and general manager, Electronics and Performance Materials. |
| 2007-12-12 | Contract/Agreements | Air Products announced today that a new joint venture company with its Grupo Infra partner has started supplying 90 million standard cubic feet per day (MMSCFD) of nitrogen to Pemex Exploracion y Produccion (PEP). The nitrogen from the gas turbine and steam driven facility is being supplied for injection and enhanced oil and natural gas recovery from PEP's Jujo Tecominoacan oil fields near Villahermosa, Tabasco, Mexico. The nitrogen plant project, announced in January 2006, began its supply of nitrogen during November as scheduled.
"The ability to extract greater quantities of oil and natural gas from existing supplies in the most economic manner is very important. We believe this technology application will be used increasingly worldwide to get the most from available natural resources," said Mike Olivares, Air Products' vice president, Latin America/South Africa. "The overall effort to get the nitrogen production facility on stream as scheduled ran very smoothly and can be attributed to teamwork and collaboration." Olivares commended the work of its partner, Grupo Infra, on this project. Air Products and Grupo Infra have been supplying industrial gases to Pemex for over 25 years.
Air Products has been supplying nitrogen to the oil and gas industry for enhanced recovery since the early 1980s. Nitrogen for enhanced oil recovery, in combination with nitrogen for the extraction of unconventional natural gas, drives these primary energy markets that provide continued growth opportunities for Air Products and complement the company's leading position in supplying hydrogen to refineries for the production of cleaner burning transportation fuels.
The engineering and imported equipment was provided by Air Products. CryoInfra supplied the local equipment and construction, and will operate the plant. Close collaboration between these two companies and close on going communication with Pemex were the keys to the successful project execution.
Air Products (NYSE: APD) serves customers in industrial, energy, technology and healthcare markets worldwide with a unique portfolio of atmospheric gases, process and specialty gases, performance materials, and equipment and services. Founded in 1940, Air Products has built leading positions in key growth markets such as semiconductor materials, refinery hydrogen, home healthcare services, natural gas liquefaction, and advanced coatings and adhesives. The company is recognized for its innovative culture, operational excellence and commitment to safety and the environment. Air Products has annual revenues of $10 billion, operations in over 40 countries, and 22,000 employees around the globe. For more information, visit http://www.airproducts.com.
***NOTE: This release may contain forward looking statements. Actual results could vary materially, due to changes in current expectations. s.server=server() s.channel="news release" s.pageName="news_release_air products and grupo infra joint venture supplying nitrogen to pemex for enhanced oil and natural gas recovery in mexico" s.prop2="109" s.prop3="12 12 2007" /************* DO NOT ALTER ANYTHING BELOW THIS LINE ! **************/ var s_code=s.t();if(s_code)document.write(s_code); // |
| 2007-12-11 | Financing Agreements | Portfolio Management Move Continues Focus on Strengthening Growth Businesses
LEHIGH VALLEY, Pa., Dec. 11 /PRNewswire FirstCall/ Air Products today announced it has signed a definitive agreement to sell its interest in its vinyl acetate ethylene (VAE) polymers joint ventures to Wacker Chemie AG, its long time joint venture partner. As part of the agreement, Air Products will receive full ownership in the Elkton, Md., and Piedmont, S.C., production facilities and their related businesses plus cash considerations of $265 million. The sale is part of Air Products' previously announced portfolio management activities intended to make the company a more focused, less cyclical and higher growth company.
"We are pleased to have reached an agreement to sell our interest in our polymers joint venture to our long time partner, Wacker Chemie," said John McGlade, Air Products' president and CEO. "They recognize the strategic value of the business, its high quality assets and its outstanding team of employees."
The sale consists of the global VAE polymers operations including production facilities located in Calvert City, Ky.; South Brunswick, N.J.; Cologne, Germany; and Ulsan, Korea; and commercial and research capabilities in Lehigh Valley, Pa., and Burghausen, Germany. The business produces VAE for use in adhesives, paints and coatings, paper and carpet applications. There are approximately 430 employees directly associated with this business. These employees will be offered employment with Wacker, which intends to continue operating the business out of the Lehigh Valley.
"Our agreement today will give Wacker integrated production sites in the USA and Asia," said Peter Alexander Wacker, CEO of Wacker. "We have worked together for more than 20 years and look forward to welcoming Air Products employees to Wacker."
Upon completion of the sale, Air Products will assume full ownership of the Elkton and Piedmont plants and related North American atmospheric emulsions and global pressure sensitive adhesives business. Air Products intends to sell these businesses.
Air Products and Wacker expect the sale, which is subject to regulatory approvals and customary closing conditions, to be completed during the first quarter of 2008.
About Air Products
Air Products (NYSE: APD) serves customers in industrial, energy, technology and healthcare markets worldwide with a unique portfolio of atmospheric gases, process and specialty gases, performance materials, and equipment and services. Founded in 1940, Air Products has built leading positions in key growth markets such as semiconductor materials, refinery hydrogen, home healthcare services, natural gas liquefaction, and advanced coatings and adhesives. The company is recognized for its innovative culture, operational excellence and commitment to safety and the environment. Air Products has annual revenues of $10 billion, operations in over 40 countries, and 22,000 employees around the globe. For more information, visit http://www.airproducts.com.
About Wacker
Wacker (http://www.wacker.com) is a globally active chemical company headquartered in Munich. With a wide range of state of the art specialty products, WACKER is a leader in numerous industrial sectors. Its products are required in many high growth end user sectors such as photovoltaics, electronics, pharmaceuticals and household/personal care. The Group's Wacker Polymers business division is currently the global leader in dispersible polymer powders for construction applications. In 2006, Wacker Group posted sales of some euro 3.34 billion, with approx. 80 percent being earned outside Germany. Currently, WACKER has about 14,700 employees at 22 production sites in Europe, the Americas and Asia and at some 100 sales offices worldwide. Wacker Chemie AG (ISIN: DE000WCH8881) is listed on the Frankfurt Stock Exchange.
***NOTE: This release may contain forward looking statements. Actual results could v |