Air Products & Chemicals : 11 August 2014 Air Products to Increase Prices for Select Epoxy Curing Agents and Adhesion Promoters View News Release ?
August 11, 2014 at 01:31 pm EDT
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August 11, 2014 Lehigh Valley, Pa.
Air Products (NYSE:APD) today announced that, effective September 1, 2014, or as contracts allow, it will increase prices globally by up to 20 cents per kilogram for select Ancamide®, Ancamine®, Anquamine™, Anquawhite®, and Sunmide® epoxy curing agents, as well as select Nourybond® adhesion promoters.
The increase is necessary to offset higher raw materials costs, including recent price increases on tetraethylenepentamine, triethylenetetramine, and polyetheramines.
About Air Products
Air Products (NYSE:APD) provides atmospheric, process and specialty gases; performance materials; equipment; and technology. For over 70 years, the company has enabled customers to become more productive, energy efficient and sustainable. Recognized as one of the world's most innovative companies by both Thomson Reuters and Forbes magazine, more than 21,000 employees in over 50 countries supply effective solutions to the energy, environment and emerging markets. These include semiconductor materials, refinery hydrogen, coal gasification, natural gas liquefaction, and advanced coatings and adhesives. In fiscal 2013, Air Products had sales of $10.2 billion. For more information, visit www.airproducts.com.
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, 2013.
Air Products & Chemicals, Inc. specializes in the design, manufacturing and marketing of gases. The activity is organized around 4 families of products:
- bulk gases: industrial gases (oxygen, nitrogen and argon), hydrogen and helium, medical and specialty gases delivered by tankers or tube trailers, in cylinders or through small on-site gas generation plants for metal, glass, chemical processing, food processing, healthcare, steel, petroleum and natural gas industries;
- tonnage gases: industrial gases (hydrogen, carbon monoxide, nitrogen and oxygen) supplied via large on-site facilities or pipeline systems, principally for customers in the petrochemical, chemical, and metallurgical industries;
- performance chemicals;
- cryogenic and gas processing equipment: for air separation, hydrocarbon recovery and purification, natural gas liquefaction, and helium distribution.
Net sales are distributed geographically as follows: the United States (41.5%), China (15.8%), and other (42.7%).