Air Products to Increase Prices for its Electronics Offerings
LEHIGH VALLEY, Pa., Nov. 30, 2012 /PRNewswire/ -- Air Products (NYSE: APD) today announced that, effective January 1, 2013 or as contracts permit, it will increase prices globally for various specialty gases and process materials supplied by its Electronics business. These price increases are being implemented to recover increases in raw material, supply chain and labor costs.
In addition, also effective January 1, 2013 or as contracts permit, Air Products will implement container rental and demurrage charges to recover capital costs incurred to support the supply chain for these products.
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. More than 20,000 employees in over 50 countries supply innovative 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 2012, Air Products had sales of approaching $10 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, 2012.
SOURCE Air Products