Air Products Unveils Advanced Gas Applications Lab at Shanghai Technology Center
Expanded Capacity and New Fabrication Capability Will Support China's High-growth Industrial Gas Applications Market
LEHIGH VALLEY, Pa., Dec. 18, 2012 /PRNewswire/ -- Air Products (NYSE: APD) today announced the opening of an advanced gas applications laboratory within its Asia Technology Center in the Zhangjiang Hi-Tech Park in Shanghai, China. The new lab will further strengthen the center's research and development (R&D) capabilities to support the increasing needs of high-growth markets in China and across Asia.
The new lab represents a significant expansion of the Asia Technology Center. The 1200-square-meter advanced gas laboratory is equipped with state-of-the-art R&D capabilities for a wide range of high-growth markets including those stipulated in China's 12th Five-year Plan. They include metals processing and fabrication, electronics packaging and assembly, and industrial cryogenics.
The laboratory also features a newly-added welding center to accelerate the development of welding technologies and applications for the sustainable development of China's strategic metal fabrication market. The market is the biggest in the world, driven by the rapid development of the machinery, aerospace, mining equipment, petrochemical and automotive industries. The welding center also serves as a platform for live demonstrations by Air Products' fabrication applications specialists.
"We are excited to unveil this advanced gas applications laboratory in China as part of the company's long-term commitment to drive growth in energy, environmental and emerging markets through innovation and technology development," said Jeffrey Kramer, vice president and chief technology officer of Air Products. "Innovation has been a cornerstone of Air Products for over 70 years. It gives us the ability to continue finding new ways to help make our world more productive, energy efficient and sustainable. Our expanded gas capabilities will better position us to meet customers' unique needs in China and Asia with speed, cost efficiency and product quality."
The Asia Technology Center was founded in 2005 with an initial focus on the company's performance materials business, and was previously expanded to support its industrial gases businesses as well. The company has recently completed another phase of expansion to extend existing capabilities for gas applications and add a new welding center. The technology center is currently the second-largest R&D facility for the company in the world.
As an industrial gases technology leader, Air Products has been playing a key role in leading the R&D development of China's industrial gases industry in various ways, such as R&D partnerships, scholarships, and recruitment programs with leading universities and institutes. It has launched joint research programs with Tianjin University, Zhejiang University, China University of Geosciences, Huazhong University of Science and Technology, Jilin University, the University of Science and Technology Beijing, and South China University of Technology focusing on the development of various upfront technologies. Recently, the company announced its scholarship program with Xi'an Jiaotong University to award outstanding and innovative students in the School of Energy and Power Engineering, and the School of Materials Science and Engineering.
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
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