Latest Corporate News Releases

Air Products Receives “China Best Employer Award 2011” Top 100 Nomination

Wed, 23 May 2012 00:00:00 -0400

Air Products (NYSE: APD), a leading global industrial gases and performance materials supplier, has recently received the “China Best Employer Award 2011” top 100 nominaton recognizing its contribution to talent recruitment and development in China. Air Products was one of six companies from the chemical industry receiving this recognition.

The award was jointly organized by Peking University corporate social responsibility and employer brand communication center, China Education Television “ZHILAIZHIWANG”, and “ZHAOPIN.COM”. Over 1,100 companies participated this year, and the top 100 nominations were presented to those companies who are in fast-growing industries and have strong positions in first, second and third tier cities in China.

“We are honored to receive this award,” said Thea Seveland, China talent management manager at Air Products. “Building long-lasting relationships with our customers, employees and suppliers is a core value at Air Products. This award is a great recognition of our talent recruitment and development efforts. We will continue to grow with and develop our employees in China.”

Air Products has been serving the China market for nearly 25 years and was one of the first multinational industrial gas corporations to invest in the country. The company has established a strong market position with more than 40 operating entities and 50 production facilities in Southern, Eastern, Western and Northern China serving a diversity of markets and is expanding into new regions. It has also established a number of regional capabilities in China including engineering capabilities, a cryogenic equipment manufacturing center, a technology center and a strategic sourcing center. The company has tripled its workforce to over 2,400 employees from 2003 to support its high-growth needs.

“Talent is critical to the success of our business at Air Products,” said Lucy Lv, China HR director at Air Products. “We are delighted with this award as it is testimony to the success of our talent retention and development programs. We will continually strive to provide our employees with a cohesive work environment integrated with learning and growth opportunities.”

In addition to implementing its strategic talent planning, development and management in China, Air Products has been actively partnering with China’s leading universities to cultivate talents while driving development of advanced technologies for its growth and to support the energy efficiency and environmental improvement targets under China’s 12th Five Year Plan. It has established scholarship programs with various leading universities in China, including Shanghai Jiaotong University, Xi’an Jiaotong University, Nanjing University, Zheiiang University, Tianjin University, East China University of Science & Technology, the Huazhong University of Science and Technology, and South China University of Technology.

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 18,000 employees in over 40 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 2011, Air Products had sales of approximately $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, 2011.

Air Products Signs Long-Term Supply Contract with National Helium

Tue, 08 May 2012 12:09:00 -0400

LEHIGH VALLEY, Pa. (May 8, 2012) – Air Products (NYSE: APD), the global leader in helium production, today announced the signing of a long-term helium supply contract with National Helium LLC, a wholly-owned subsidiary of DCP Midstream. The feedstock from National Helium provides the base-load helium volume for Air Products’ liquid helium plant located near Liberal, Kansas, one of the largest helium purification and liquefaction plants in the world. The Liberal facility, which is also connected to the United States Bureau of Land Management pipeline system, is also the home of a major Air Products helium distribution terminal.

“We have had a long and productive relationship with National Helium and are pleased to extend it for another very lengthy period of time,” said John Van Sloun, general manager - Worldwide Helium at Air Products. “This is a key supply contract for Air Products as we strive to ensure our ability to reliably serve our customer base. At the same time, Air Products continues to look for other helium source opportunities where we can participate both as an investor and an operator.” Air Products is also supplied with helium feedstock from DCP Midstream at its Hansford County, Texas liquid helium plant.

Air Products has pioneered many of the helium extraction, production, distribution and storage technologies used in the industry today. Air Products maintains the world’s largest helium production and distribution system and operates numerous facilities around the world.

Van Sloun also indicated that Air Products’ new, jointly-owned with MATHESON, liquid helium production plant near Big Piney, Wyoming is to be onstream later this year. The Wyoming helium production plant will be the 10th liquid helium plant operating in the United States, and the first new U.S. facility constructed in over a decade. The Wyoming plant is designed to produce 200 million standard cubic feet per year at start-up, with expectations for future expansion to 400 million. The facility will process natural gas from the Riley Ridge Field in Wyoming, one of the largest helium-rich natural gas fields in the U.S. The Riley Ridge field is believed to contain sufficient reserves to support helium production for decades.

Helium is used in many unique and valued applications including: magnetic resonance imaging (MRI); lifting for high altitude scientific research balloons, blimps and party balloons; fiber optics and semi-conductor manufacturing; metallurgy; breathing atmospheres for deep diving or unique blood gas medical mixtures; analytical chemistry; pressurizing and purging pipes, vessels, and other critical equipment; leak detection; and other advanced applications.

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 18,000 employees in over 40 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 2011, Air Products had sales of approximately $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, 2011.

Air Products erweitert Angebot an Einwegflaschen für Spezialgase

Thu, 03 May 2012 15:04:00 -0400

Der Industriegasehersteller Air Products erweitert sein Angebot an Spezialgasen um recyclingfähige Einwegflaschen. Auf diese praktische Versorgungsform wird vor allem im Analytikbereich zurückgegriffen. Während Einwegflaschen bisher nur zeitweise zum Angebot von Air Products gehörten, hat das Unternehmen nun beschlossen, diese Versorgungsform langfristig und umfassend anzubieten. Damit begegnet Air Products der steigenden Nachfrage für Anwendungen, bei denen es besonders auf eine einfache Handhabung und Transportabilität der Gase ankommt.

Der Einsatz von Einwegflaschen empfiehlt sich vor allem für Anwendungen, bei denen nur geringe Volumina benötigt werden und es hauptsächlich auf eine schnelle Verfügbarkeit von unterschiedlichen, standardisierten Gasmischungen ankommt. Dies gilt beispielsweise für Gaswarngeräte und andere Spezialanwendungen in Laboren. Zudem entfällt die Flaschenmiete.

Die ‚International Safety Equipment Association' empfiehlt, dass Gaswarngeräte täglich einem Funktionstest unterzogen werden sollten, um sicherzustellen, dass Sensoren und der Alarm ordnungsgemäß funktionieren. Einwegflaschen mit einem Analysezertifikat sind für diesen Zweck besonders gut geeignet, da sie jederzeit problemlos zur Verfügung stehen und zugleich die notwendige Qualität und Zuverlässigkeit sicherstellen.

"Wenn es um Gaswarngeräte geht, also um die Sicherheit von Menschen oder den Anlagenschutz, ist der unmittelbare Zugang zu zuverlässigen und stabilen Gasmischungen unerlässlich. Zudem haben Laborbetreiber hohe Qualitätsansprüche, was die Reinheit der Gase und den dazugehörigen Service angeht. Durch unser europaweites Versorgungsnetzwerk sind wir bestens aufgestellt, um das neue Angebot Anwendern von Spezialgasen in unterschiedlichsten Industriezweigen anzubieten", erklärt Gary Yates, Produktmanager für Analytik und Laboranwendungen bei Air Products.

Die Einwegflaschen sind aus Aluminium gefertigt und in unterschiedlichen Kapazitäten von 12 bis 100 Liter Gasvolumen verfügbar. Zudem wird jede Gasflasche mit einem Analysezertifikat ausgeliefert. Aufgrund der langjährigen Erfahrung in der Abfüllung von Flaschengasen, kann Air Products sicherstellen, dass selbst hochreaktive Gasmischungen langfristig stabil bleiben. Nicht-reaktive Gasmischungen sind zudem mit einem Chargen-Prüfzertifikat ausgestattet, um die Konsistenz der eingesetzten Gase zu gewährleisten.

Weitere Informationen zur Anwendung und Verfügbarkeit von Einwegflaschen für Spezialgase von
Air Products erhalten Sie von Sonja Hoppmann, Tel. +49(0)152 22781923.

Über Air Products
Air Products (Air Products and Chemicals, Inc.) ist einer der führenden Anbieter von Industrie-, Prozess- und Spezialgasen, Hochleistungsmaterialien sowie Anlagen, Technologien und dazugehörigen Dienstleistungen. Seit über 70 Jahren ermöglicht Air Products seinen Kunden, Produkte und Prozesse produktiver, energieeffizienter und nachhaltiger zu gestalten. Mehr als 18.000 Mitarbeiter in über 40 Ländern entwickeln innovative Lösungen in den Bereichen ‚Energie' und ‚Umwelt' sowie für Wachstumsmärkte wie die Halbleiterindustrie, Wasserstofferzeugung, Kohlevergasung, Erdgasverflüssigung und moderne Schicht- und Klebstoffe. Air Products erzielte im Geschäftsjahr 2011 einen Umsatz von mehr als 10.1 Milliarden US-Dollar.

Weitere Informationen finden Sie unter www.airproducts.de.

Pressekontakt:
Alexander Hirsch
Script Corporate+Public Communication
Feuerbachstr. 26-32
60325 Frankfurt am Main
Tel.: +49 (0)69/4699 4732

Air Products Announces Executive Changes

Mon, 30 Apr 2012 00:00:00 -0400

Air Products (NYSE:APD) recently made the following executive moves:

Kevin B. Michaelis has been appointed vice president, Information Technology, and chief information officer. In this role, he has overall responsibility for the company’s global information technology activities. Michaelis joined Air Products in 1989 as a project engineer in the company’s Gases and Equipment Group. He subsequently held positions of increasing responsibility in the company’s Chemicals and Electronics divisions. In 2006 Michaelis was named general manager, Global Generated Gases, followed by general manager, Worldwide Equipment. Most recently, he was located in Hersham, U.K., where he served as regional vice president, Liquid Bulk/Generated Gases‒Europe. Michaelis received a B.S. degree in chemical engineering from Drexel University in 1984 and an M.B.A. from Temple University in 1992.

Richard Boocock has been appointed vice president, Global Operations. In this role, he is responsible for the worldwide leadership and management of Air Products’ gases, chemicals and electronics manufacturing operations. Boocock joined Air Products in 1982 as a participant in the company’s Career Development Program. Following some engineering and R&D assignments where he worked on a variety of international projects, Boocock was assigned to lead the European Electronics Division in 1995 and the European Global Information Technology function in 2000. In 2001 he was assigned to Air Products’ corporate headquarters in the U.S. as global program lead for the implementation of SAP into Air Products worldwide. He returned to Europe in 2004 as vice president, Tonnage Gases Europe and Middle East, and most recently served as vice president, Information Technology, and chief information officer. Boocock graduated from Birmingham University in 1982 with a B.S. degree in chemical engineering and later received an M.B.A. from Henley Management College.

Joseph M. Pietrantonio has been named vice president, Environment, Health, Safety & Quality, and corporate chief engineer. He is responsible for managing technical risks at a corporate level, and cultivating and developing technical skills and careers at Air Products. Pietrantonio joined Air Products in 1982 as a participant in the company’s Career Development Program. In his early career, he was responsible for the sale of air separation equipment in northern Asia. He subsequently managed the onsite businesses for the General Industries and Metals groups before moving to Global Engineering, where he managed product supply for Generated Gases. In 2002 Pietrantonio transferred to Hersham, U.K., where he was named general manager, European Engineering and Manufacturing, and was appointed vice president, Global Engineering‒Europe the following year. He later returned to the U.S. were he was appointed vice president, Global Operations-Americas in 2004 and vice president, Global Operations in 2007. Pietrantonio received B.S. and M.S. degrees in chemical engineering from Lehigh University in 1982 and 1986, respectively. He attended Stanford’s Executive Program in 2007 and holds two U.S. patents.

Complete biographies and downloadable photos are available at www.airproducts.com/company/company-overview/leadership.aspx.

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 18,000 employees in over 40 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 2011, Air Products had sales of approximately $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, 2011.

Air Products Strengthens China Presence with New Office in Xi’an

Thu, 26 Apr 2012 00:00:00 -0400

Air Products (NYSE:APD) today announced the opening of a new office in Xi’an High Tech Zone, Shaanxi Province, Western China. The new office is part of Air Products’ strategy to accelerate its growth in the China market.

The Xi’an office will lead Air Products’ business growth in Shaanxi Province and other areas to meet growing demand for industrial gases from fast developing industries including energy, chemicals, electronics, new materials and fabrications in the region.

The new office―to be built as another Air Products world-class engineering office―will provide additional resources to support the company’s increasing number of projects in China and other parts of the world, and will work closely with Air Products’ global engineering teams in Shanghai, U.K. and U.S. Air Products has already established engineering capabilities, a cryogenic equipment manufacturing center, and a strategic sourcing center in China to build state-of-the art, energy- and cost-effective air separation equipment from design through sourcing to manufacturing for its local and global customers.

“China is an important market for Air Products,” said Stephen J. Jones, senior vice president and general manager, Tonnage Gases, Equipment and Energy, and China president, Air Products. “Western China is an emerging and fast-growing region in China, and we have already signed a number of new customers in the region. The opening of our office in Xi’an, capital of Shaanxi, is a strategic move to speed up our growth. It underscores our strong commitment to support the development of the China market and China’s 12th Five Year Plan.”

Air Products first entered Shaanxi province in 2006 to serve the electronics industry. The company has continued to invest in the Province by constructing and operating a state-of-the-art large air separation unit (ASU) and is currently building another seven large ASUs to serve local customers under long-term contracts. One of those contracts, signed in 2011 with Shaanxi Future Energy Chemical Corp, is the largest single on-site ASU order ever awarded to an industrial gas company. It calls for multiple ASU trains producing 12,000 tons per day (tpd) of oxygen and tonnage-level nitrogen and compressed dry air. The liquid products produced by the large ASUs will serve the growing regional merchant market.

The company has recently established a scholarship program with Xi’an Jiatong University and has been working with other universities and design institutes to study and develop applications for electronics, energy, cryogenics and other markets.

Air Products has been operating in China since 1987 and was one of the first multinational industrial gas corporations to invest in the country. With over 40 operating entities, 50 production facilities, and 2,400 employees, the company has already established a strong market position in China, serving a broad range of industries.

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 18,000 employees in over 40 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 2011, Air Products had sales of approximately $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, 2011.

空气产品公司西安分公司正式开业

Thu, 26 Apr 2012 00:00:00 -0400

空气化工产品公司 (Air Products，简称空气产品公司，纽约证券交易所代码：APD)今天宣布其西安分公司正式开业。这是空气产品公司助力西部及加速其在中国发展的又一重要战略实施。空气产品西安分公司将引领空气产品公司在陕以及西部其他区域的业务发展，以满足西部快速增长的能源化工、电子、新材料和装备制造业对工业气体日益增长的需求。陕西省商务厅、省发改委、省贸促会、省工商局、省侨联和高新区管委会的相关领导，空气产品公司中国区总裁史蒂夫•琼斯以及相关行业合作伙伴出席了开业庆典活动。

空气产品公司新开业的西安分公司位于西安高新区，将建成全球一流的工程能力，以及专业的业务服务团队，和其在美国、英国和位于中国上海的全球工程团队一起，支持公司在中国和世界各地不断增长的项目。

空气产品公司已在中国建立了工程能力、全球低温设备制造中心和战略采购中心，可为国内外客户从设计、采购到制造安全可靠、并具能源和经济效益的空气分离设备。据空气产品公司预测，到2015年，随着中国新一轮工业发展和西部大开发的深入推进, 中国工业气体的年增长率为19%，增速将远超全球平均9%的年增长率。西安分公司成立后所增加的资源，可让空气产品公司满足日益增长的空分项目需求。

“中国是空气产品公司的重要市场。” 空气产品公司全球高级副总裁、中国区总裁、全球能源炼化、设备及能源总经理史蒂夫•琼斯在开业仪式上说, “中国西部是快速发展的新兴市场，我们早已经在西部和多家领先企业签订了合作协议。西安分公司的开业是我们加速在中国发展的一项重要战略决策，是我们承诺支持中国十二五规划发展的实践。”

空气产品公司于2006年就开始服务陕西的电子行业，并不断增加在陕投资服务更多行业，特别是能源化工行业，已和多家当地企业签订了长期合作合同，现已在陕西渭南运营1个先进的大型空气分离装置并已有另外7个大型空分装置在建中。其中，与陕西未来能源化工有限公司的合作，是迄今为止授予工业气体公司的全球最大的空分装置现场气体供应订单，拟建成4套大型空气分离机组，每天可为陕西未来能源化工有限公司的煤化工项目提供12000吨氧气以及吨量级的氮气和压缩干燥空气。大型空分设备产出的液态产品也可供周边工业发展所用。

空气产品公司最近在西安交通大学设立了奖学金，同时也和各高校和科研单位就电子材料、能源利用和深冷技术等展开合作。

空气产品公司从1987年开始进入中国，是首批投资中国的跨国型气体公司。至今已全面服务中国市场25年，已在中国建立了40多个经营实体和50多家生产设施，员工2400多人，服务各行业的厂家，建立了稳固的市场地位。

关于空气产品公司
空气产品公司（Air Products, 纽约证券交易所代码：APD）提供空分、工艺和特种气体，功能材料，相关设备及技术。70多年来，空气产品公司一直帮助客户提高生产效率和能源效益，以实现可持续性发展。拥有18,000多名员工的空气产品公司，在全球40多个国家和地区开展业务，为能源、环境和新兴市场，包括半导体材料、加氢炼化、煤气化、天然气液化以及先进的涂料和粘合剂等，提供创新型的解决方案。2011财年度，空气产品公司的销售额约100亿美元。欲获得更多信息，请登陆公司网站：www.airproducts.com。

注释：此新闻稿中可能包含1995年《私人证券诉讼改革法案》中所界定的一些前瞻性陈述。这些前瞻性陈述基于本新闻稿发布日期时管理层关于重大风险因素的预期和假设所作出。由于管理层可能没有预期到一些因素，请以实际情况为准，这些因素包括公司10K表中的风险因素，因为本财年已于2011年9月30日结束。

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联系人：常东升
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Air Products wdraża w Polsce Program„Ambasador Nauki” popularyzujący nauki ścisłe wśród uczniów szkół podstawowych

Tue, 17 Apr 2012 00:00:00 -0400

Air Products (NYSE:APD), największy dostawca gazów technicznych w Polsce, wdraża w Polsce Program „Ambasador Nauki”. Celem programu jest zainteresowanie uczniów szkół podstawowych naukami ścisłymi: chemią, fizyką i przyrodą, aby zainspirować ich do podejmowania studiów na kierunkach technicznych.Pierwszy pokaz w Polsce z cyklu „Ambasador Nauki” odbył się 17 kwietnia 2012 roku w Szkole Podstawowej nr 12 im. kadeta Zygmunta Kuczyńskiego w Kędzierzynie-Koźlu.

W ramach programu „Ambasador Nauki” pracownicy Air Products w godzinach lekcyjnych przeprowadzająw szkołach podstawowych fascynujące i interaktywne zajęcia oraz pokazy naukowe powiązane zprogramem nauczania. Podczas eksperymentów prowadzący starają się przybliżyć dzieciomwłaściwości i zachowanie się gazów w różnych warunkach. W trakcie pokazów uczniowie mogą dowiedzieć się, jak temperatura i ciśnienie wpływają na objętość gazów. Ponadto dzieci mają okazję przekonać się, że istnieje kilka rodzajów materii, oraz że w przyrodzie zachodzi zjawisko zmiany stanu skupienia ciał, np. z gazu w ciecz, z cieczy w ciało stałe. Te niezwykle ciekawe zajęcia pozwalają uczniom utrwalić znajomość programu szkolnegoi dowodzą, że nauka może być świetną zabawą.Podczas wybranycheksperymentów dzieci mają okazję wziąć czynny udział i asystować przedstawicielowi Air Products, który przeprowadza pokaz. Uczniowie, pod nadzorem prowadzącego eksperyment, wykonują proste czynności, jak np. wbijanie gwoździa w deseczkę zamrożonym bananem, dmuchanie w miernik gazu czy wręczanie wychowawczyniom zamrożonych w ciekłym azocie róż.

Eksperymenty i prezentacje z cyklu „Ambasador Nauki” przeprowadzane są na zasadach wolontariatu przez specjalnie przeszkolonych w tym celu pracowników Air Products z lokalnych oddziałów firmy. Dzięki prowadzeniu pokazów pracownicy Air Products mają okazję zrealizować swoją pasję i w przystępny sposób przybliżyć najmłodszym nauki ścisłe.Podczas prezentacji zachowane są wszystkie wymagane środki bezpieczeństwa.

Pierwszy pokaz w Polsce w ramach programu „Ambasador Nauki” odbył się w Szkole Podstawowej nr 12 im. kadeta Zygmunta Kuczyńskiego w Kędzierzynie-Koźlu. Z tym miastem Air Products jest związane od 1999 roku i posiada tu dwa zakłady produkcyjne, w tym największą wytwórnię cieczy kriogenicznych w Polsce. Firma aktywnie wspiera lokalną społeczność.

„Air Products od dawna działa na rzecz mieszkańców Kędzierzyna-Koźle. Jesteśmy jednym z mecenasów kultury w mieście, współsponsorujemytakże drużynę siatkarską ZAKSA. W2010 roku Air Products pomogło Szkole Podstawowej nr 12 im. kadeta Zygmunta Kuczyńskiego, remontując jej zewnętrzne obiekty sportowe zniszczone przez powódź. Właśnie rozpoczynamy wdrażanie w Kędzierzynie-Koźlu, jako pierwszym mieście w Polsce, programu ››Ambasador Nauki‹‹. Zdajemy sobie sprawę, że młodzież coraz rzadziej wybiera studia na kierunkach ścisłych. Mamy nadzieję, że te niezwykle ciekawe i interaktywne pokazy naukowe pokażą dzieciom, jak fascynujący może być świat nauki, co zainspiruje ich do rozwijania swoich zainteresowań w tym kierunku”–powiedział Dariusz Pietras, dyrektor ds. operacyjnych Air Products na Europę Środkową i Wschodnią oraz Rosję.

„Jesteśmy bardzo zadowoleni z efektów dotychczasowej współpracy z Air Products. Cieszymy się, że firma zdecydowała się przeprowadzić pierwszy pokaz w ramach Programu ››Ambasador Nauki‹‹właśniew naszej szkole. Zrozumienie zjawisk z zakresu nauk przyrodniczychjest kluczowe, aby młodzież chciała kontynuować edukację na kierunkach ścisłych. Dlatego takie programysą bardzo cenną inicjatywą”– powiedziała Iwona Gwiżdż-Kostyńska dyrektor Szkoły Podstawowej nr 12 im. kadeta Zygmunta Kuczyńskiego w Kędzierzynie-Koźlu.

Air Products zamierza sukcesywnie przeprowadzać kolejne pokazy w ramach programu „Ambasador Nauki” w Kędzierzynie-Koźlu i okolicy, a następnie w innych miejscowościach w Polsce, gdzie znajdują się zakłady produkcyjne firmy.Dotychczas program „Ambasador Nauki” został wdrożony przez firmę Air Products w Stanach Zjednoczonych i Wielkiej Brytanii.

Informacje o Air Products
Air Products (NYSE: APD) dostarcza gazy atmosferyczne, procesowe i specjalne, nowoczesne tworzywa, osprzęt i technologie. Od ponad 70 lat rozwiązania firmy pozwalają klientom zwiększać produktywność, zmniejszać zużycie energii oraz działać zgodnie z zasadami zrównoważonego rozwoju. Ponad 18 tysięcy pracowników Air Products w ponad 40 krajach dostarcza innowacyjne rozwiązania: półprzewodniki, wodór wykorzystywany w rafineriach, procesy gazyfikacji węgla, skraplanie gazu ziemnego oraz zaawansowane powłoki i kleje. Korzystają z nich klienci z sektorów energetycznego, ochrony środowiska oraz prowadzący działalność na rozwijających się rynkach. W roku fiskalnym 2011 przychody ze sprzedaży Air Products wyniosły 10,1 miliarda dolarów amerykańskich.

Air Products jest obecny w 15 krajach Europy, włączając w to kraje Europy Centralnej i Wschodniej, takie jak Słowacja, Czechy, Rosja i Polska. Firma Air Products, która jest obecna w Polsce od 18 lat, konsekwentnie wdraża strategię rozwoju opartą na starannie dobranych inwestycjach. Po przejęciu BOC Gazy w 2007 roku Air Products stał się największym producentem gazów technicznych w Polsce. Dodatkowe informacje dostępne są pod adresem www.airproducts.com.

Kontakt dla mediów:
Jarosław Soroczyński
Questia Sp. z o.o. sp. k.
Communications Management Consultants
tel. +48 22 623 07 00

Air Products Recognized by Compressed Gas Association for Outstanding Occupational Safety Improvement

Thu, 05 Apr 2012 00:00:00 -0400

Air Products (NYSE:APD) has been recognized for outstanding occupational safety improvement, receiving the coveted Leonard Parker Pool Award from the U.S. Compressed Gas Association (CGA).

Presented annually to a participating CGA member company that has recorded the greatest improvement in safety performance during the previous two years, the award is based upon the total recordable incidence rates, as defined by the Occupational Safety and Health Administration.

The award is named in memory of the late Air Products founder and Chairman, Leonard Parker Pool, who was recognized as an industry modernizer and an advocate for continuous improvement in operational safety. The award was presented at the CGA’s annual meeting―this is the 99th year of the meeting―in St. Petersburg, Florida.

Commenting on the award, Joe Pietrantonio, vice president, Environment, Health, Safety & Quality and chief engineer, Air Products, said, “The legacy of our founder Leonard Pool has gifted us a very strong safety culture. We are extremely proud of that but we remain mindful not to take it for granted. Safety, like every other aspect of business, has to be actively managed and continuously improved upon.

“The award is worthy recognition for all of our employees and for many of our customers who place the same high priority on safety performance.”

The CGA’s reporting and awards program promotes safety awareness as part of the Association’s charter to facilitate and encourage safety and self regulation.

Mike Tiller, CGA president, commented, ”We at the CGA are proud of the tradition of safety excellence among our member companies. We congratulate Air Products on winning the prestigious Leonard Parker Pool award for 2011.”

Air Products also received two environmental excellence awards from the CGA, one for its reduction of ammonium bifluoride (ABF) waste at its electronic specialty materials facility in Hometown, Pennsylvania, and the other for its solar farm situated at its corporate headquarters.

The Compressed Gas Association, founded in 1913, is dedicated to the development and promotion of safety standards and safe practices in the industrial and medical gas industry. For more information, visit www.cganet.com.

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 18,000 employees in over 40 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 2011, Air Products had sales of $10.1 billion. For more information, visit www.airproducts.com.

Air Products Announces Further Strategic Expansion in Growth Regions

Thu, 01 Mar 2012 00:00:00 -0500

Air Products (NYSE: APD) announced plans today for two new significant investments in Russia, continuing the company’s strategy of investment in growth regions. Air Products will construct and operate an over 200 ton per day oxygen, nitrogen and argon liquefier and cylinder gases depot in Krasny Sulin in the Rostov region, which has a well-established manufacturing base, strong historic growth rate and very promising development forecasts. The total value of both investments is over USD $30 million (over EUR 25 million). Both the liquefier and packaged gases depot are expected to be on-stream in early 2014.

“We are continually looking for opportunities that allow us to strengthen our position in growth regions. Air Products is interested in viable commercial opportunities across Russia, including the Rostov region, as we firmly believe this geography has long-term growth potential. The liquefier and depot will allow us to supply both liquid and packaged gases to the merchant market and support our onsite customers,” commented Robert Mills, General Manager, Russia and Commonwealth of Independent States (CIS) at Air Products.

The new Air Products’ liquefier and cylinder gases depot will allow the Company to supply liquid and packaged gases to the metal, glass, food, chemical and refining industries in the Rostov and surrounding regions.

“We are pleased that the Rostov regional administration recognizes the need for industrial gases to support manufacturing and economic growth in the region. This is where Air Products – as an integrated gas supplier – can utilize our core technology and product strengths from other geographies to help develop the region’s industrial gas market and meet the growing demand,” Mills said.

Air Products’ investments in the liquefier and packaged gases depot are to be implemented under the framework of the Memorandum of Collaboration (MoC) signed with the Administration of the Rostov region in Russia in October 2010. The MoC provides a cooperative and constructive basis for both parties to work together and develop collaborative activities.

“Air Products has demonstrated itself to be a reliable partner and shown a clear commitment to the Rostov region. By signing the Memorandum - under which the company is implementing their investments - sends a significant message to other investors: Rostov Oblast welcomes large projects that can benefit from the huge potential possessed by the Don territories,” said Vasily Golubev, the Governor of Rostov Oblast, on the decision.

This investment in Rostov follows a previously announced agreement signed with Sibur Voronezhsintezkauchuk, a leading Russian petrochemicals company, in September 2010 for the construction and operation of an air separation unit (ASU) to support Sibur’s manufacturing processes. This ASU is expected to be on-stream by July 2012.

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 18,000 employees in over 40 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 2011, Air Products had sales of $10.1 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, 2011.

Air Products annonce une nouvelle expansion stratégique dans les régions en fort développement

Mon, 27 Feb 2012 00:00:00 -0500

Air Products vient d'annoncer son intention de réaliser deux nouveaux investissements significatifs en Russie, poursuivant ainsi la stratégie d'investissement du Groupe dans des régions en expansion. Air Products va construire et exploiter un liquéfacteur d'une capacité quotidienne de plus de 200 tonnes d'oxygène, d'azote et d'argon ainsi qu'un dépôt de gaz conditionnés à Krasny Sulin dans la région de Rostov. Cette région dispose d'une infrastructure industrielle bien implantée, d'un fort taux croissance historique et offre de très belles perspectives de développements. La valeur totale de ces deux investissements (équipements inclus) s'élève à plus de 25 millions d'euros. Le liquéfacteur et le dépôt de gaz conditionnés devraient entrer en service début 2014.

« Nous recherchons en permanence des occasions de renforcer notre position dans des régions à forte croissance. Air Products est intéressé par les opportunités commerciales viables en Russie, y compris dans la région de Rostov car nous croyons fermement que cette zone géographique offre un potentiel de croissance à long terme. Le liquéfacteur et le dépôt vont nous permettre de fournir des gaz sous forme liquide ou conditionnés au marché et d'épauler nos clients on site », a commenté Robert Mills, Directeur Général pour la Russie et la CEI chez Air Products.

Les nouveaux liquéfacteur et dépôt de gaz d'Air Products vont permettre au Groupe d'approvisionner en gaz liquides et conditionnés les industries métallurgiques, du verre, de l'alimentaire, de la chimie et du raffinage implantées à Rostov et dans les régions alentours.

Mr. Mills poursuit : « Nous sommes heureux que l'administration régionale de Rostov reconnaisse l'importance des gaz industriels pour supporter la croissance industrielle et économique de la région. C'est là qu'Air Products – en tant que fournisseur de gaz intégré- peut utiliser sa technologie et les atouts de ses produits développés dans d'autres parties du monde pour contribuer à développer le marché du gaz industriel local et répondre à la demande croissante ».

Les investissements d'Air Products dans ce liquéfacteur et ce dépôt de gaz conditionnés vont être effectués dans le cadre du Memorandum de Collaboration (MoC) que le Groupe a signé avec l'Administration de la région de Rostov en Russie en octobre 2010. Le MoC définit les règles qui vont permettre aux deux parties de travailler ensemble et de développer des activités conjointes. « Air Products a démontré sa fiabilité et son dévouement sans fard à la région de Rostov. En signant ce Mémorandum – dans le cadre duquel le Groupe effectue ses investissements-, il a envoyé un message clair à l'intention d'autres investisseurs : Rostov Oblast accueille à bras ouverts les projets ambitieux qui peuvent tirer parti de l'immense potentiel détenu par les territoires du Don », a commenté de son côté Vasily Golubev, Gouverneur de l'Oblast de Rostov.

Cet investissement à Rostov intervient après le contrat signé avec Sibur Voronezhsintezkauchuk, une société pétrochimique clé russe en septembre 2010 pour la construction et l'exploitation d'une unité de séparation de gaz de l'air destinée à supporter les process de fabrication de Sibur. Cette ASU devrait entrer en service en juillet 2012.

A propos d’Air Products
Air Products est un fournisseur de gaz de l'air, de gaz process et de gaz spéciaux, de matériaux de performances, d'équipements et de solutions technologiques. Depuis plus de 70 ans, le Groupe permet à ses clients d'être plus productifs, d'optimiser leur rendement énergétique et d'être plus respectueux de l'environnement. Plus de 18 000 collaborateurs répartis dans une quarantaine de pays offrent des solutions innovantes aux secteurs de l'énergie, de l'environnement et aux marchés émergents, qu'il s'agissent de matériaux semi-conducteurs, d'hydrogène de raffinerie, de gazéification du charbon, de liquéfaction de gaz naturel ou d'adhésives et de peintures dernier cri. Au cours de l'année fiscale 2011, Air Products a réalisé un CA de 10,1 milliards de dollars US. Pour plus d’informations, rendez-vous sur www.airproducts.com.

Air Products Announces Further Strategic Expansion in Growth Regions

Mon, 27 Feb 2012 00:00:00 -0500

Air Products (NYSE: APD) announced plans today for two new significant investments in Russia, continuing the company’s strategy of investment in growth regions. Air Products will construct and operate an over 200 ton per day oxygen, nitrogen and argon liquefier and cylinder gases depot in Krasny Sulin in the Rostov region, which has a well-established manufacturing base, strong historic growth rate and very promising development forecasts. The total value of both investments is over USD $30 million (over EUR 25 million). Both the liquefier and packaged gases depot are expected to be on-stream in early 2014.

“We are continually looking for opportunities that allow us to strengthen our position in growth regions. Air Products is interested in viable commercial opportunities across Russia, including the Rostov region, as we firmly believe this geography has long-term growth potential. The liquefier and depot will allow us to supply both liquid and packaged gases to the merchant market and support our onsite customers,” commented Robert Mills, General Manager, Russia and Commonwealth of Independent States (CIS) at Air Products.

The new Air Products’ liquefier and cylinder gases depot will allow the Company to supply liquid and packaged gases to the metal, glass, food, chemical and refining industries in the Rostov and surrounding regions.

Mr. Mills continues, “We are pleased that the Rostov regional administration recognises the need for industrial gases to support manufacturing and economic growth in the region. This is where Air Products – as an integrated gas supplier – can utilise our core technology and product strengths from other geographies to help develop the region’s industrial gas market and meet the growing demand.”

Air Products’ investments in the liquefier and packaged gases depot are to be implemented under the framework of the Memorandum of Collaboration (MoC) that the Company signed with the Administration of the Rostov region in Russia in October 2010. The MoC provides
a cooperative and constructive basis for both parties to work together and develop collaborative activities.

“Air Products has demonstrated itself to be a reliable partner and shown a clear commitment to the Rostov region. By signing the Memorandum - under which the company is implementing their investments - sends a significant message to other investors: Rostov Oblast welcomes large projects that can benefit from the huge potential possessed by the Don territories,” said Vasily Golubev, the Governor of Rostov Oblast, on the decision.

This investment in Rostov follows a previously announced agreement signed with Sibur Voronezhsintezkauchuk, a leading Russian petrochemicals company, in September 2010 for the construction and operation of an air separation unit (ASU) to support Sibur’s manufacturing processes. This ASU is expected to be on-stream by July 2012.

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, 2011.

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 18,000 employees in over 40 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 2011, Air Products had sales of $10.1 billion. For more information, visit www.airproducts.com.

Air Products errichtet Verflüssigungsanlage für Industriegase in der Wachstumsregion Rostov, Russland

Mon, 27 Feb 2012 00:00:00 -0500

Air Products verstärkt die strategischen Investitionen in Wachstumsregionen. Das Unternehmen errichtet und betreibt zukünftig eine Anlage zur Gasverflüssigung und ein Depot für Flaschengase in Krasny Sulin, Russland. Die Anlage hat eine Produktionskapazität von 200 Tonnen Sauerstoff, Stickstoff und Argon pro Tag. Der Gesamtwert der Investitionen beträgt rund 30 Millionen US-Dollar (über 25 Millionen Euro). Der Betriebsbeginn der Anlage ist für das Frühjahr 2014 geplant. Die Region Rostov verfügt über hervorragende Produktionsbedingungen für die Industrie, historisch hohe Wachstumsraten und aussichtsreiche Zukunftsprognosen.

"Wir halten unentwegt Ausschau nach Möglichkeiten unsere Position in Wachstumsmärkten zu stärken. Air Products ist besonders interessiert an aussichtsreichen Geschäftsoptionen in Russland, vor allem in der Region Rostov, da wir hier ein besonders langfristiges Wachstumspotenzial sehen. Die neue Anlage liefert uns sowohl Flüssig- als auch Flaschengase für den Handelsmarkt und für die Vor-Ort-Versorgung von Industriekunden.

Wir freuen uns, dass die regionalen Behörden in Rostov dem steigenden Industriegasebedarf Rechnung tragen und entsprechende Investitionen unterstützen. Als integrierter Industriegasehersteller können wir hier unsere Technologie und unsere Produkte voll zur Geltung bringen," kommentiert Robert Mills, General Manager für Russland und die Gemeinschaft Unabhängiger Staaten (GUS) bei Air Products, die Investitionsentscheidung.

Die neue Anlage ermöglicht Air Products eine Gas-Versorgung verschiedener Industrien, die in der Region in und um Rostov besonders stark vertreten sind und entsprechende Gase für Produktionsprozesse benötigen, so etwa in der Metallverarbeitung, Glasherstellung, Lebensmittelproduktion sowie in der chemischen Industrie und in Raffinerien.

Die Investitionen erfolgen im Rahmen des ‚Memorandum of Collaboration' (MoC), das Air Products mit den Behörden in Rostov im Oktober 2010 unterzeichnete. Das MoC ist die Grundlage für die Zusammenarbeit und für die Entwicklung weiterer regionaler Aktivitäten der beiden Vertragspartner.

Vasily Golubev, Gouverneur des Verwaltungsbezirks Rostov, begrüßte das Engagement von Air Products: "Air Products ist ein sehr zuverlässiger Partner und hat deutliches Engagement in der Region gezeigt. Mit der Unterzeichnung des Memorandums hat Air Products auch ein klares Signal an andere Investoren gesendet. Rostov heißt Investoren und Großprojekte willkommen, die vom Potenzial der Region profitieren können."

Die Investition in Rostov folgt auf eine im September 2010 unterzeichnete Vereinbarung mit Sibur Voronezhsintezkauchuk, einem führenden russischen Petrochemie-Unternehmen, zur Errichtung einer Luftscheideanlage, die die für die Produktionsprozesse von Sibur benötigen Gase liefert. Die Anlage wird voraussichtlich im Juli 2012 in Betrieb genommen.

Über Air Products
Air Products (Air Products and Chemicals, Inc.) ist einer der führenden Anbieter von Industrie-, Prozess- und Spezialgasen, Hochleistungsmaterialien sowie Anlagen, Technologien und dazugehörigen Dienstleistungen. Seit über 70 Jahren ermöglicht Air Products seinen Kunden, Produkte und Prozesse produktiver, energieeffizienter und nachhaltiger zu gestalten. Mehr als 18.000 Mitarbeiter in über 40 Ländern entwickeln innovative Lösungen in den Bereichen ‚Energie' und ‚Umwelt' sowie für Wachstumsmärkte wie die Halbleiterindustrie, Wasserstofferzeugung, Kohlevergasung, Erdgasverflüssigung und moderne Schicht- und Klebstoffe. Air Products erzielte im Geschäftsjahr 2011 einen Umsatz von mehr als 10.1 Milliarden US-Dollar. Weitere Informationen finden Sie unter www.airproducts.de.

Pressekontakt:
Alexander Hirsch
Script Corporate+Public Communication
Feuerbachstr. 26-32
60325 Frankfurt am Main
Tel.: +49 (0)69/4699 4732

Air Products kondigt nieuwe investeringen in Rusland aan

Mon, 27 Feb 2012 00:00:00 -0500

Air Products, één van de grootste leveranciers van industriële gassen ter wereld, heeft twee belangrijke investeringen in Rusland aangekondigd. Air Products zal in Krasny Sulin in de regio Rostov een installatie bouwen en beheren voor het vloeibaar maken van zuurstof, stikstof en argon en een depot voor het vullen van cilinders. De totale investering voor beide installaties bedraagt ruim 25 miljoen euro en past naadloos in het beleid van Air Products om te investeren in groeiregio's. De verwachting is dat beide installaties begin 2014 in gebruik genomen worden.

"We zijn voortdurend op zoek naar mogelijkheden om onze positie in groeiregio's te versterken", verduidelijkt Robert Mills, general manager Rusland bij Air Products. "De regio Rostov is een belangrijk industrieel centrum met een prima toekomstperspectief. Dankzij de condensor en het depot zijn we in staat om zowel vloeibare bulkgassen als verpakte gassen te leveren aan de metaal-, de glas-, de voedingsmiddelen- en de (petro)chemische industrie in de regio."

De lokale overheid van Rostov erkent het belang van industriële gassen om de productie en economische groei in de regio te stimuleren: "Air Products kan als gassenleverancier gebruik maken van haar jarenlange ervaring en geavanceerde technologie om te voldoen aan de groeiende behoefte aan deze gassen bij de bedrijven in de regio", vindt Vasily Golubev, gouverneur van de regio Rostov.

De investering van Air Products in de installatie voor het vloeibaar maken van gassen en het depot voor verpakte gassen wordt uitgevoerd in het kader van het Memorandum of Collaboration (MoC), dat het bedrijf en de overheid van Rostov in oktober 2010 ondertekenden. Het MoC vormt de basis voor de samenwerking tussen beide partijen en het ontplooien van gezamenlijke activiteiten. Golubev is tevreden over de investering van Air Products: "Air Products laat zien een betrouwbare partner te zijn met een grote betrokkenheid in de regio. Het feit dat het bedrijf het Memorandum heeft ondertekend, geeft een signaal naar andere investeerders dat Rostov open staat voor grote projecten, die kunnen profiteren van de toekomstige groei van de regio."

De investering in Rostov volgt op een eerder aangekondigde overeenkomst met Voronezhsintezkauchuk, onderdeel van staatsbedrijf Sibur, één van de grootste petrochemische bedrijven in Rusland, die in 2010 getekend werd. Het ging toen om de bouw en de exploitatie van een luchtscheidingsinstallatie (ASU), die naar verwachting komende zomer in gebruik genomen wordt.

Nowe znaczące inwestycje Air Products w instalację do skraplania gazów oraz w napełnialnię butli w Krasnym Sulinie w obwodzie rostowskim w Rosji kontynuacją ekspansji firmy na rozwijającym się rynku Europy Środkowo-Wschodniej

Mon, 27 Feb 2012 00:00:00 -0500

Firma Air Products, największy dostawca gazów technicznych w Polsce, ogłosiła dzisiaj, że zamierza uruchomić w Krasnym Sulinie w obwodzie rostowskim w Rosji dwie nowe znaczące inwestycje. Air Products wybuduje i będzie obsługiwać instalację do skraplania tlenu, azotu i argonu o mocach produkcyjnych wynoszących ponad 200 ton gazów dziennie. Ponadto firma Air Products uruchomi w tej lokalizacji napełnialnię butli gazami sprężonymi. Łączna wartość obydwu inwestycji wynosi ponad 30 milionów dolarów amerykańskich (ponad 25 milionów euro). Planowany termin oddania inwestycji do użytku przewidziany jest na początek 2014 roku. Nowe inwestycje Air Products w Rosji są kontynuacją ekspansji firmy na rozwijającym się rynku Europy Środkowo-Wschodniej.

"Stale poszukujemy możliwości wzmacniających pozycję naszej firmy na rozwijających się rynkach. Air Products jest zainteresowane rozszerzeniem działalności w Rosji, w tym w obwodzie rostowskim, gdyż naszym zdaniem ten region wykazuje potencjał długotrwałego wzrostu. Instalacja do skraplania gazów oraz napełnialnia butli pozwolą nam na dostarczanie zarówno gazów ciekłych, jak i sprężonych do klientów na tym obszarze" – powiedział Rob Mills, Dyrektor Generalny na Rosję i kraje Wspólnoty Niepodległych Państw, Air Products.

W obwodzie rostowskim w Rosji mieści się wiele zakładów produkcyjnych. Region ten odznacza się także dużym tempem wzrostu oraz bardzo obiecującymi prognozami na przyszłość. Nowa instalacja do skraplania gazów oraz napelnialnia butli Air Products pozwolą firmie dostarczać gazy ciekłe i sprężone przedsiębiorstwom z sektorów: metalurgicznego, produkcji szkła, żywności, przemysłu chemicznego i rafineryjnego z obwodu rostowskiego i okolicznych regionów.

"Bardzo cieszymy się, że administracja obwodu rostowskiego rozumie, iż produkcja gazów technicznych wesprze producentów z różnych sektorów przemysłu, a tym samym wzrost gospodarczy w tym regionie. W ten sposób Air Products, będąc kompleksowym dostawcą gazów technicznych, dzięki swoim wiodącym technologiom i bogatej ofercie produktowej, może przyspieszyć rozwój rynku gazów technicznych oraz odpowiedzieć na zwiększające się potrzeby klientów w regionie rostowskim" – dodał Rob Mills.

Nowe inwestycje Air Products w instalację do skraplania gazów oraz napełnialnię butli gazami technicznymi zostaną wdrożone w ramach ogólnego porozumienia o współpracy, które firma podpisała z administracją obwodu rostowskiego w Rosji w październiku 2010 roku. Porozumienie to stanowi podstawę, w oparciu o którą obie strony mogą razem pracować i rozwijać wspólne przedsięwzięcia.

"Firma Air Products zaprezentowała się jako wiarygodny partner oraz zadeklarowała swoje zaangażowanie w obwodzie rostowskim. Podpisanie porozumienia o współpracy, w oparciu o które Air Products wdraża swoje inwestycje, jest wyraźnym sygnałem dla innych inwestorów – obwód rostowski z chęcią powita duże projekty, które mogą czerpać z olbrzymiego potencjału, tkwiącego w terenach nad Donem" – powiedział Vasily Golubev, gubernator obwodu rostowskiego.

Inwestycje Air Products w obwodzie rostowskim poprzedził wcześniej ogłoszony kontrakt, który firma podpisała we wrześniu 2010 roku z Voronezhsintezkauchuk, wiodącą firmą petrochemiczną w Rosji. Na mocy tej umowy Air Products buduje i będzie obsługiwać zakład rozdziału powietrza (ASU). Produkowane w instalacji gazy techniczne będą wykorzystywane w procesach produkcyjnych klienta. Uruchomienie tej inwestycji przewidziane jest na lipiec 2012 roku.

Informacje o Air Products
Air Products (NYSE: APD) dostarcza gazy atmosferyczne, procesowe i specjalne, nowoczesne tworzywa, osprzęt i technologie. Od ponad 70 lat rozwiązania firmy pozwalają klientom zwiększać produktywność, zmniejszać zużycie energii oraz działać zgodnie z zasadami zrównoważonego rozwoju. Ponad 18 tysięcy pracowników Air Products w ponad 40 krajach dostarcza innowacyjne rozwiązania: półprzewodniki, wodór wykorzystywany w rafineriach, procesy gazyfikacji węgla, skraplanie gazu ziemnego oraz zaawansowane powłoki i kleje. Korzystają z nich klienci z sektorów energetycznego, ochrony środowiska oraz prowadzący działalność na rozwijających się rynkach. W roku fiskalnym 2011 przychody ze sprzedaży Air Products wyniosły 10,1 miliarda dolarów amerykańskich. Dodatkowe informacje dostępne są pod adresem www.airproducts.com.

Kontakt dla mediów:
Jarosław Soroczyński
Questia Sp. z o.o. sp. k.
Communications Management Consultants
tel. +48 22 623 07 00

Air Products’ Dr. Jessica Herzstein Appointed to U.S. Preventive Services Task Force

Fri, 17 Feb 2012 00:00:00 -0500

Dr. Jessica Herzstein, global medical director at Air Products, has been appointed to the U.S. Preventive Services Task Force (USPSTF) as one of its newest members and the first physician appointed from the manufacturing industry. Dr. Herzstein will take her seat on the Task Force effective immediately.

The USPSTF is an independent, volunteer panel of 16 experts in prevention and evidence-based medicine. The Task Force is responsible for evidence-based guidelines that influence healthcare practices for virtually all Americans. For example, recently issued guidelines relating to mammography and prostate cancer screening received worldwide attention. The Task Force makes recommendations to primary care clinicians about preventive services such as screenings, counseling or preventive medications that may benefit patients before they experience signs or symptoms of a condition. Members come from many health-related fields, including internal medicine, family medicine, pediatrics, behavioral health, obstetrics/gynecology and nursing.

Dr. Herzstein is an expert in public health, screening and preventive health services and is currently the global medical director at Air Products. In this position, Dr. Herzstein develops, implements and oversees global health programs for more than 18,000 employees. She also works as an occupational health consultant and lecturer at the University of Pennsylvania’s School of Medicine. A member of the Council on Foreign Relations and the American Public Health Association, Dr. Herzstein is an accomplished public health specialist with more than 20 years of experience in teaching, research, patient care and health care program administration.

About the USPSTF
The USPSTF is an independent, volunteer panel of experts in prevention and evidence-based medicine that makes recommendations about preventive services such as screenings, counseling, or preventive medications that may benefit patients before they experience signs or symptoms of a condition. The Task Force reviews published evidence and evaluates the benefits and harms of individual services for specific groups of people based on age, sex, and risk factors for disease. The USPSTF provides this service to help primary care clinicians and patients decide together whether a preventive service is right for a patient’s needs. More information is available at www.uspreventiveservicestaskforce.org.

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 18,000 employees in over40 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 2011, Air Products had sales of $10.1 billion. For more information, visit www.airproducts.com.

Air Products and University of Science and Technology Beijing Collaborate on Advanced Technology to Drive Air Separation Efficiency

Tue, 13 Dec 2011 00:00:00 -0500

Air Products (NYSE: APD), a leading global industrial gases and performance materials supplier, today announced it has signed a joint research and development (R&D) agreement with the University of Science and Technology Beijing (USTB). The collaboration between Air Products and the Institute of Gas Separation Engineering of USTB will focus on the development of an advanced technology model to improve energy and capital efficiency in air separation processes.

“Achieving sustainability while managing costs is a challenge faced by industrial gases suppliers and their customers,” said Steve Jones, China President and senior vice president and general manager of Tonnage Gases, Energy and Equipment, at Air Products. “As a technology leader, Air Products is committed to making the world more productive, energy efficient and sustainable with our innovative solutions. By partnering with USTB, a world leading university renowned for its study of metallurgy and materials science, the collaboration will bring innovative and cost-effective solutions to the gas industry.”

USTB is one of the most influential universities approved by the Ministry of Education and among the first universities in China to be entitled to establish state-approved graduate schools. Its Institute of Gas Separation Engineering owns a number of patents in gas separation technologies and is one of the top research institutes that focuses on gas applications and engineering design.

“We are pleased to form a partnership with Air Products, which is one of the global industrial gas leaders and a highly innovative company. The collaboration is a win-win project for both parties as we strive to bring more new technologies to meet market demands. The project is a starting point for both sides to collaborate and we expect our partnership will be further expanded in the future,” said Prof. Liu Yingshu, director of the Institute of Gas Separation Engineering of USTB.

Air Products was the first global industrial gas company to establish an internal R&D capability in China when it set up its Asia Technology Center in 2005 and has been actively partnering with China’s leading universities, design institutes and engineers to drive development of state-of-the-art technologies for its growth and to support the Chinese government’s goal for sustainable social and economic progress under the 12th Five Year Plan. The company recently announced joint R&D efforts with various universities in China including Tianjin University, the China University of Geosciences and the Huazhong University of Science and Technology on various innovative research projects.

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. In fiscal 2011, Air Products had revenues of $10.1 billion, operations in over 40 countries, and 18,900 employees around the globe. For more information, visit www.airproducts.com.

About the Institute of Gas Separation Engineering of University of Science and Technology Beijing
Established in 1999, the Institute of Gas Separation Engineering of USTB focuses on the research and development of air separation application technologies such as pressure swing adsorption and membrane separation. With sophisticated labs that enable application fundamental research and pilot experiment, the institute has supported many State key research and development projects. It owns a number of patents in gas separation technologies and has won 18 national or provincial prizes for Progress in Science and Technology. It is one of the top research institutes that focus on gas applications and engineering design.

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, 2011.

Air Products Settles Spanish Tax Audit

Tue, 22 Nov 2011 00:00:00 -0500

Air Products (NYSE:APD) today announced a settlement with Spanish tax authorities for approximately €40 million ($55 million). This settlement was reached by mutual agreement, and no fines or penalties were assessed.

The settlement resolves a dispute in which the authorities disallowed certain deductions taken by the company’s Spanish subsidiaries in fiscal years 2005 to 2011.

Although Air Products continues to believe that all positions were compliant with applicable laws and verified by external experts, the company decided to settle this matter now.

It’s expected that a significant portion of the settlement amount will be recorded as an increase to income tax expense in the first quarter of fiscal year 2012. This expense was not included in the company’s previously provided first quarter diluted earnings per share guidance of $1.31 to $1.39.

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. In fiscal 2011, Air Products had revenues of $10.1 billion, operations in over 40 countries, and 18,900 employees around the globe. 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, 2011.

Air Products Appoints John Marsland Senior Vice President and General Manager of Global Merchant Gases

Thu, 27 Oct 2011 00:00:00 -0400

Air Products (NYSE:APD) today announced that John W. Marsland has been appointed senior vice president and general manager, Global Merchant Gases. He succeeds Robert D. Dixon, who is retiring from the company in early 2012.

Marsland currently serves as senior vice president and general manager, Electronics, Performance Materials and Supply Chain, where he has had leadership responsibility for the Electronics and Performance Materials business segment, as well as Supply Chain, which includes the Global Engineering, Global Operations, Energy and Materials, and Continuous Improvement organizations. He will continue to serve as a member of the company’s Corporate Executive Committee in his new role.

Marsland joined Air Products in 2002 as director–Business Development and was named vice president, Corporate Development Office, in 2003. He has since served in a variety of executive leadership positions, including vice president and general manager, Global Healthcare; vice president, Business Services; and vice president and general manager, Global Liquid Bulk, Generated Gases and Helium.

Marsland graduated with High Distinction from Babson College in 1988 with a B.S. degree in finance and investments. A complete biography and photo are available at www.airproducts.com/company/company-overview/leadership/john-w-marsland.aspx.

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. In fiscal 2011, Air Products had revenues of $10.1 billion, operations in over 40 countries, and 18,900 employees around the globe. 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, 2010.

Former Air Products Technologist Rakesh Agrawal Presented National Medal of Technology and Innovation

Fri, 21 Oct 2011 00:00:00 -0400

In his 24-year chemical engineering career at Air Products, (NYSE: APD) Rakesh Agrawal was awarded the most technology patents in the company’s 71-year history and received the Chairman’s Award for Excellence–the company’s most prestigious award. Today he added another award to his collection when he was presented the United States Government’s highest honor for technology the National Medal of Technology and Innovation. President Barack Obama presented the award to Agrawal and four other inventors at a White House ceremony today.

“We are certainly proud of Rakesh and congratulate him for this prestigious national honor and award. It recognizes him for his outstanding work at Air Products for nearly a quarter century. Rakesh’s innovative work is in place and has had a profound impact on the success of our industrial operations every day around the world,” said John McGlade, chairman, president and chief executive officer at Air Products.

“It was an honor to receive the medal today and to have it presented by the President is truly exciting. The award recognizes technology and innovation, and I was very fortunate in my career to work for Air Products, where technology is a core company strength and innovation is encouraged. The personal recognition I received today was wonderful, but it would not have happened without the many fine people I worked with over the years and the opportunities I was provided,” said Agrawal. “I believe the folks in my team were some the brightest and the most competent engineers you could find anywhere.”

Agrawal received the award in recognition of his extraordinary record of innovations improving energy efficiency and reducing the cost of gas liquefaction and separation. Overall, he holds 116 U.S. and nearly 500 foreign patents. More than 100 Air Products industrial plants with a total capital investment of many billions of dollars incorporate Agrawal’s inventions. In 1992, he received Air Products’ Chairman’s Award for Excellence for his work.

In an earlier news release issued by the White House announcing the medal winners, President Obama said each of the winners “is guided by a passion for innovation, fearlessness even as they explore the very frontiers of human knowledge, and a desire to make the world a better place. Their ingenuity inspires us all to reach higher and try harder, no matter how difficult the challenges we face.”

The National Medal of Technology and Innovation was created by statute in 1980 and is administered for the White House by the U.S. Department of Commerce’s Patent and Trademark Office. The award recognizes those who have made lasting contributions to America’s competitiveness and quality of life and helped strengthen the nation’s technological workforce.

After Air Products, Agrawal joined Purdue University (West Lafayette, Indiana), where he is the Winthrop E. Stone Distinguished Professor of Chemical Engineering.

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. In fiscal 2011, Air Products had revenues of $10.1 billion, operations in over 40 countries, and 18,900 employees around the globe. 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, 2010.

Air Products Reports Fiscal 2011 Fourth Quarter EPS up 12 Percent to $1.51

Fri, 21 Oct 2011 00:00:00 -0400

Fourth Quarter Highlights

Sales of $2.6 billion up 11%
EPS of $1.51 up 12%*
Awarded significant Tonnage contracts in the U.S. Gulf Coast and China
Agreement with new equity affiliate partner in Saudi Arabia

Full Year Highlights

Sales of $10.1 billion up 12%
EPS of $5.73 up 14%*
Capital spending of $1.6 billion up 22%*
$649 million in share repurchases completed and new $1 billion authorization
Dividend increased for 29th consecutive year

Air Products (NYSE: APD) today reported net income of $325 million, or diluted earnings per share (EPS) of $1.51, for its fiscal 2011 fourth quarter versus $294 million* and $1.35*, respectively, for the fourth quarter of fiscal 2010.

The discussion of fourth quarter and full year results and guidance in this release is based on non-GAAP comparisons. A reconciliation can be found at the end of this release.*

Fourth quarter revenues of $2,611 million increased 11 percent versus prior year and one percent sequentially. Underlying revenues were up six percent and two percent respectively. Operating income of $425 million rose six percent versus prior year and two percent sequentially on improved volumes.

For fiscal 2011, sales of $10,082 million increased 12 percent, primarily driven by a nine percent volume increase. Operating income of $1,671 million was up 13 percent and diluted EPS of $5.73 increased 14 percent from the prior year.

Commenting on the results, John McGlade, chairman, president and CEO said, “This quarter’s improvements were driven by growth in emerging markets and strong performance in our Tonnage Gases business. Overall economic activity for this quarter continued at the slower underlying growth rate we saw last quarter.”

Reflecting on the year, McGlade said, “We achieved another solid year of key project wins, double digit sales and earnings growth despite a slowing global economy in the second half of 2011. More importantly, we saw strong gains in operating cash flow and we improved our most important measure, return on capital, by 80 basis points to 13.3% for the year.”

Fourth Quarter Segment Performance

Merchant Gases sales of $1,045 million increased 10 percent from the prior year on higher volumes in Asia and U.S./Canada. Sequentially, sales increased two percent, on three percent volume growth. Operating income of $192 million improved four percent from the prior year on better volumes and positive pricing in Asia and U.S./Canada. This was partially offset by higher costs and lower Healthcare pricing in Europe.
Tonnage Gases sales of $883 million were up 17 percent from the prior year on 11 percent volume growth, primarily driven by new projects. Sales were up two percent sequentially. Operating income of $152 million was up 30 percent from the prior year, based on higher volumes, lower costs and gains related to contract modifications.
Electronics and Performance Materials sales of $587 million increased 12 percent from the prior year, primarily on higher Electronics volumes and Performance Materials pricing. Sequentially, sales decreased three percent on lower Performance Materials volumes due to slowdowns in key markets including housing, construction and autos. Operating income of $92 million was up nine percent on higher Electronics volumes and improved pricing in Performance Materials.
Equipment and Energy sales of $96 million and operating income of $12 million were down 25 percent and 43 percent respectively versus the prior year, due to lower LNG and air separation unit activity. Sequential sales were up 21 percent on higher air separation unit activity. The sales backlog versus prior year is up 22 percent based on several new large orders.

Outlook

Looking ahead, McGlade said, “While the near-term economic outlook is for continued slow growth and is clouded by global economic and policy uncertainties, we are well positioned with a large backlog of projects backed by signed customer contracts. We are confident that the prospects for industrial gases and Air Products, in particular, remain bright and we remain committed to achieving our 2015 goals for growth, margin and, most importantly, return on capital.”

The company today announced initial guidance for fiscal year 2012 EPS in the range of $5.90 to $6.30 per share, representing year-over-year earnings growth of three to ten percent. For the first quarter of fiscal 2012 ending December 31, 2011, EPS is expected to be between $1.31 and $1.39 per share.

The company also announced that it expects capital spending in fiscal 2012 to be between $1.9 and $2.2 billion.

NOTE: This release contains “forward-looking statements” within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including earnings guidance, projections and targets. These forward-looking statements are based on management’s reasonable expectations and assumptions as of the date of this release. 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, without limitation, renewed deterioration in global economic and business conditions, including weakening demand for the Company's products and inability to maintain pricing; future financial and operating performance of major customers and industries served by the Company; unanticipated contract terminations or customer cancellations or postponement of projects and sales; the success of commercial negotiations; asset impairments due to economic conditions or specific product or customer events; the impact of competitive products and pricing; interruption in ordinary sources of supply of raw materials; the Company’s ability to recover energy and raw material costs from customers ; the Company’s ability to maintain and improve cost efficiency of operations; costs and outcomes of litigation or regulatory activities; successful development and market acceptance of new products and applications, the ability to attract, hire and retain qualified personnel in all regions of the world where the Company operates; the success of cost reduction and productivity programs; the timing, impact, and other uncertainties of future acquisitions, divestitures and restructuring activities; significant fluctuations in interest rates and foreign currencies from that currently anticipated; the continued availability of capital funding sources in all of the Company's foreign operations; the impact of environmental, healthcare, tax or other legislation and regulations in jurisdictions in which the Company and its affiliates operate; the impact of new or changed financial accounting guidance; the timing and rate at which tax credits can be utilized and other risk factors described in the Company’s Form 10K for its fiscal year ended September 30, 2010. The Company disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained in this document to reflect any change in the Company’s assumptions, beliefs or expectations or any change in events, conditions, or circumstances upon which any such forward-looking statements are based.

*The presentation of non-GAAP measures is intended to enhance the usefulness of financial information by providing measures which our management uses internally to evaluate our baseline performance on a comparable basis. Presented below are reconciliations of the reported GAAP results to non-GAAP measures. Income from continuing operations and diluted EPS data are attributable to Air Products.

Consolidated Results

	Continuing Operations
	Q4 Operating Income	Q4 Income	Q4 Diluted EPS	YTD Operating Income	YTD Diluted EPS
2011 GAAP	$425.3	$324.8	$1.51	$1,622.2	$5.59
2010 GAAP	367.0	272.1	1.25	1,389.0	4.74
% Change GAAP	16%	19%	21%	17%	18%
2011 GAAP				$1,622.2	$5.59
Net loss on Airgas transaction (YTD tax impact $16.9) (a)				48.5	.14
2011 Non-GAAP Measure				$1,670.7	$5.73
2010 GAAP	$367.0	272.1	$1.25	$1,389.0	4.74
Net loss on Airgas transaction
(Q4 tax impact $12.9, YTD tax impact $35.9) (b)	34.7	21.8	.10	96.0	.28
2010 Non-GAAP Measure	$401.7	$293.9	$1.35	$1,485.0	$5.02
% Change Non-GAAP	6%	11%	12%	13%	14%

	Q1 2012	YTD 2012
2012 Guidance	$1.31-$1.39	$5.90-$6.30
2011 GAAP		$5.59
% Change		6%-13%
% Change Non-GAAP Measure		3% -10%
Based on statutory tax rate of 36.57%, including impact of tax rate adjustment for 2010 and first quarter 2011 costs. Based on statutory tax rate of 37.4%.

Return on Capital Employed (ROCE)

ROCE is calculated as earnings after-tax divided by five-quarter average total capital. Earnings after-tax is defined as operating income and equity affiliates’ income, after-tax at our quarterly effective tax rate. On a non-GAAP basis, operating income and taxes have been adjusted for the impact of the net loss on Airgas transaction. Total capital consists of total debt and total equity.

	2011	2010	Basis Point Change
Earnings after-tax GAAP	$1,340.0	$1,146.8
Five-quarter average total capital	10,317.2	9,636.4
ROCE GAAP	13.0%	11.9%	110
	2011	2010	Basis Point Change
Earnings after-tax Non-GAAP	$1,370.9	$1,205.6
Five-quarter average total capital	10,317.2	9,636.4
ROCE Non-GAAP	13.3%	12.5%	80

Capital Expenditures

We utilize a non-GAAP measure in the computation of capital expenditures and include spending associated with facilities accounted for as capital leases. Certain facilities that are built to provide product to a specific customer are required to be accounted for as capital leases and such spending is reflected as a use of cash within cash provided by operating activities.

	YTD
(Millions of dollars)	2011
Capital expenditures — GAAP basis	$1,408.3
Capital lease expenditures	173.5
Capital expenditures — Non-GAAP basis	$1,581.8
	2012 Forecast
Capital expenditures — GAAP Measure	$1,600 to $1,800
Capital lease expenditures	300 to 400
Capital Expenditures — Non-GAAP Measure	$1,900 to $2,200

View entire earnings release with all financial tables

Teleconference Information

Air Products Secures 25% Stake in Gases Businesses of Abdullah Hashim Group

Thu, 29 Sep 2011 00:00:00 -0400

Air Products (NYSE: APD) today announced it has agreed to acquire a 25 percent stake in the gases and equipment businesses of Abdullah Hashim Industrial Gases & Equipment Co. Ltd. (AHG), a company of the privately-owned Abdullah Hashim Group, based in The Kingdom of Saudi Arabia. The transaction is subject to regulatory approval and customary local closing conditions. Financial terms are not being disclosed.

AHG is the largest private industrial gases company in Saudi Arabia. It is comprised of three businesses, including industrial gases, equipment, and consumables and refrigerants. AHG has three main production locations in Dammam, Jeddah and Riyadh, plus distribution centers at key locations across The Kingdom. AHG also has a purchase agreement with National Industrial Gases Company (NIGC) at Jubail and Yanbu for liquid products.

“AHG is a long-established, respected and financially strong business, run by an experienced leadership team,” said Howard Castle-Smith, Air Products’ vice president and general manager, Tonnage Gases, Europe and Middle East. “Merchant gases growth in The Kingdom is high, and margins are strong, making it an attractive investment. It’s also a significant new platform from which to pursue tonnage gases opportunities in The Middle East.”

Air Products and AHG have a long-standing relationship and currently operate two joint ventures. One is an on-site facility supplying oxygen and nitrogen for Shadeed Iron & Steel’s production plant in the Sohar Industrial Port of Oman. The other plant supplies nitrogen and hydrogen to Emirates Float Glass in Abu Dhabi, the United Arab Emirates.

“We see Air Products as the ideal partner to expand our business across The Middle East,” said Khalid Hashim, AHG’s managing director. “Our relative strengths – AHG in the supply of merchant gases and Air Products in large scale tonnage plants – make us stronger together. Of course, Air Products is a leader in merchant gases in many other parts of the world, and I expect us to benefit from their capability in new technologies and product innovation that we will offer to our customers and prospects.”

Abdullah Hashim Group was founded in 1955 and is owned and operated by the Hashim family. The industrial gases business is a combination of liquid/bulk, pipeline products and a range of packaged gases products. AHG has a particularly strong presence in refining, primary metals markets, medical, food and aviation.

Air Products built the first ever air separation unit (ASU) in the Middle East in the 1950s and has 40 years of operating experience in the region. The company has been working with the petrochemical and refinery industries for decades, building, owning and operating ASUs and hydrogen production plants.

Air Products designed and built two of the world’s largest ASUs for Qatar Oryx GTL at its site in Ras Laffan. Air Products also owns an operating facility in the Jebel Ali Free Zone in the United Arab Emirates.

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. In fiscal 2010, Air Products had revenues of $9 billion, operations in over 40 countries, and 18,300 employees around the globe. For more information, visit www.airproducts.com.

About the Abdullah Hashim Group
Abdullah Hashim Group, a family-owned Saudi company, has been in business for more than half a century. Turnover exceeds USD 450MM, and employs around 1,800 people. The group’s activities are in three main areas – the import and distribution of automotive vehicles, agricultural and industrial 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 three main production locations and seven distribution centers in the Kingdom of Saudi Arabia. Abdullah Hashim Gases offers project engineering infrastructure, including project design and installation, as well as extensive regional operation support and back-up liquid gases distribution. For more information, visit www.ahg.com.sa.

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, 2010.

Air Products Appoints Stephen Jones as China President to Drive Next Phase of Growth

Mon, 29 Aug 2011 00:00:00 -0400

Air Products (NYSE: APD) today announced the appointment of Stephen J. Jones as China president based in Shanghai to lead the company’s next phase of strategic development in China. Jones, a member of the company’s corporate executive committee, will retain his current role as senior vice president and general manager of Global Tonnage Gases, Equipment and Energy.

“The appointment of Steve Jones as China president and his move to Shanghai is part of Air Products’ corporate strategy to support our significant growth opportunities and accelerate our development in emerging markets,” said John E. McGlade, chairman, president and chief executive officer. “China is a strategic market for Air Products. We have been investing in and serving this market for nearly 25 years and established strong positions there. Having one of our corporate executive committee members based in Shanghai underpins our strong commitment to further growth in China.”

Air Products has been operating in China since 1987 and was one of the first multinational industrial gas corporations to invest in the country. With over 40 operating entities, 50 production facilities and 2,200 employees, the company has already established a strong market position in China, serving a broad range of industries. It also has established a number of regional capabilities in China, including an engineering center, a cryogenic manufacturing center, a technology center and a strategic sourcing center.

Mr. Jones joined Air Products in 1992 and has since held various executive leadership positions in the commercial and legal organizations. Mr. Jones has served as senior vice president and general manager of Global Tonnage Gases, Equipment and Energy since 2009 and has been a member of the company’s corporate executive committee since 2007 when he was named senior vice president, general counsel and secretary. He holds a Bachelor of Science degree in economics from Bloomsburg University, a Master of Business Administration from Temple University, and a law degree from the University of Pennsylvania.

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. In fiscal 2010, Air Products had revenues of $9 billion, operations in over 40 countries, and 18,300 employees around the globe. 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, 2010.

Zakład Air Products w Siewierzu otrzymał prestiżową europejską złotą nagrodę stowarzyszenia EIGA w dziedzinie bezpieczeństwa

Mon, 29 Aug 2011 00:00:00 -0400

Zakład w Siewierzu należący do Air Products, największego dostawcy gazów technicznych w Polsce, otrzymał europejską złotą nagrodę w dziedzinie bezpieczeństwa stowarzyszenia EIGA (European Industrial Gases Association – Europejskie Stowarzyszenie Gazów Technicznych), która jest najbardziej prestiżową nagrodą w tej branży, przyznawaną za wyjątkowe osiągnięcia w dziedzinie bezpieczeństwa.

Zakład Air Products w Siewierzu otrzymał złotą nagrodę stowarzyszenia EIGA za 1 500 000 przepracowanych godzin bez wypadków powodujących straty w czasie pracy zakładu. To najbardziej prestiżowe wyróżnienie przyznawane jest przez stowarzyszenie EIGA za 15 kolejnych lat lub 1 milion przepracowanych godzin bez wypadków powodujących straty w czasie pracy zakładu. Złota nagroda stowarzyszenia EIGA po raz kolejny przyznana zakładowi Air Products w Siewierzu, potwierdza jego funkcjonowanie zgodnie z zasadami bezpieczeństwa obowiązującymi w branży oraz zaangażowanie firmy na tym polu. Zakład Air Products w Siewierzu został uhonorowany tą nagrodą także w ubiegłym roku.

„Bezpieczeństwo to jeden z priorytetów dla firmy Air Products. Działamy odpowiedzialnie, dlatego też chcemy zapewnić całkowitą zgodność funkcjonowania Air Products ze światowymi standardami bezpieczeństwa. Organizujemy dla pracowników liczne szkolenia oraz stale informujemy ich o zasadach bezpieczeństwa, ponieważ tylko wspólny wysiłek może zapewnić nam osiąganie zamierzonych celów. Poza respektowaniem wymogów obowiązujących w całej branży, ustalamy także wewnętrznie bardzo wysokie standardy bezpieczeństwa pracy w naszych zakładach. Tym bardziej jesteśmy dumni z naszych pracowników, ponieważ to właśnie dzięki ich zaangażowaniu udało nam się uzyskać ten wynik, doceniony przez Europejskie Stowarzyszenie Producentów Gazów Technicznych (EIGA)” – powiedział Tadeusz Świerkosz, menedżer ds. bezpieczeństwa, Air Products.

W uznaniu dla dostosowania standardów operacyjnych do najlepszych praktyk w zakresie bezpieczeństwa i środowiska pracy (Environmental Health and Safety), Europejskie Stowarzyszenie Producentów Gazów Technicznych (EIGA) przyznało złotą nagrodę w dziedzinie bezpieczeństwa także innemu europejskiemu zakładowi Air Products, zlokalizowanemu w Aberdeen w Szkocji. Nagrodę przyznano za 50 kolejnych lat bez wypadków powodujących straty w czasie pracy zakładu. Jest to następny wyraz uznania dla zaangażowania Air Products w zapewnianie bezpieczeństwa w środowisku pracy oraz potwierdzenie osiągnięć firmy na tym polu.

„Dzięki temu, że Air Products stale działa zgodnie z i w oparciu o te wysokie standardy bezpieczeństwa, korzyści odnoszą nasi pracownicy, klienci, dostawcy oraz lokalne społeczności” – dodał Tadeusz Świerkosz.

Informacje o Air Products
obsługuje klientów na rynku przemysłowym, energetycznym, technologicznym oraz medycznym na całym świecie, dostarczając im wyjątkową gamę gazów atmosferycznych, procesowych i specjalnych, osprzęt oraz usługi serwisowe. Założona w 1940 roku firma jest liderem w swojej branży na szybko rozwijających się rynkach półprzewodników, wodoru, domowych usług medycznych, skraplania gazu ziemnego oraz produkcji zaawansowanych powłok i klejów. Firma Air Products znana jest z innowacyjności, wysokiej sprawności działania oraz zaangażowania na rzecz bezpieczeństwa i ochrony środowiska. Przychody Air Products w 2009 roku wyniosły 8,3 miliarda dolarów amerykańskich. Firma prowadzi działalność w ponad 40 krajach na świecie zatrudniając 18,9 tysiąca pracowników.

Air Products jest obecny w 15 krajach Europy, włączając w to kraje Europy Centralnej
i Wschodniej, takie jak Słowacja, Czechy, Rosja i Polska. Firma Air Products, która jest obecna w Polsce od 18 lat, konsekwentnie wdraża strategię rozwoju opartą na starannie dobranych inwestycjach. Po przejęciu BOC Gazy w 2007 roku Air Products stał się największym producentem gazów technicznych w Polsce. Dodatkowe informacje dostępne są pod adresem www.airproducts.com.

Kontakt dla mediów:
Jarosław Soroczyński
Questia Sp. z o.o.
Communications Management Consultants
tel. +48 22 623 07 00
email: jsoroczynski@questiapr.pl

空气产品公司任命Stephen Jones为中国区总裁以推动未来中国业务的增长

Mon, 29 Aug 2011 00:00:00 -0400

空气化工产品公司 (Air Products，简称空气产品公司，纽约证券交易所代码：APD)，作为全球领先的工业气体及功能材料供应商之一，今天宣布任命Stephen J. Jones为中国区总裁，他将驻上海负责领导公司在中国未来的战略发展。Steve Jones是公司最高执行委员会(Corporate Executive Member)的成员，他将继续履行其全球能源炼化、设备及能源高级副总裁兼总经理的职责。

空气产品公司董事长、总裁兼首席执行官John McGlade表示：“Steve Jones移任上海担任中国区总裁，体现了空气产品公司的公司战略，即支持我们在新兴市场的重要增长机会以及加速在这些市场的发展。中国是空气产品公司的战略性市场。我们已经投资并服务于中国将近25年，在这里确立了稳固的市场地位。任命一名公司最高执行委员会成员在上海工作，凸显了我们在中国市场进一步发展的坚定承诺。”

空气产品公司自1987年起就开始了在中国的投资和运作，是首批投资于中国的跨国工业气体公司。目前，公司已经在中国设立了40多家经营实体，投资了50多个生产设施并拥有2200名员工，建立了坚实的市场基础，为各行各业提供服务。同时，公司在中国设立了许多地区性的功能机构，包括工程中心、低温设备制造中心、技术中心和战略采购中心。

“我对中国悠久的历史文化一直非常感兴趣。能担负这个具有战略意义的重要职责，领导我们在这一迅速增长的市场的未来发展，继续巩固我们领先的市场地位，我感到很兴奋，” Steve Jones说道。“我们计划在许多方面加速投资和发展。我们将特别关注能源和环境产业，可以很好地提供创新和可持续的解决方案来支持中国政府十二五计划所倡导的提高生产效率，节能及减排，以及未来的发展计划，同中国共同发展。”

空气产品公司在中国的一些里程碑项目包括：公司的氢气及燃料电池技术为2008年北京奥运会和2010年广州亚运会的官方短驳巴士提供清洁能源；公司的PRISM® 膜分离器，运用于青藏铁路的制氧设备上，为旅客制造充足的氧气；公司建造并运营的中国首个液化天然气冷能空气分离装置已于2010年开始运作；公司赢得了授予工业气体公司的全球最大的单个现场空分装置合同，在陕西建造并运营该项目。

Steve Jones于1992年加入空气产品公司，曾领导多个商务及法律部门。2009年，他就任全球能源炼化、设备及能源部的高级副总裁兼总经理。2007年，他被任命为高级副总裁，法律总顾问及秘书长，并加入了公司最高执行委员会。

Steve Jones于1961年出生于宾夕法尼亚州的费城。他拥有布鲁斯堡大学经济学学士学位、天普大学工商管理硕士学位以及宾夕法尼亚大学的法学学位。

关于空气产品公司
空气产品公司（Air Products, 纽约证券交易所代码：APD）在全球为工业制造、能源、科技和医疗护理等领域的客户提供独特的产品和生产方案，其中包括工业气体产品、特种和工艺气体、功能材料和相关设备及服务。自1940年成立以来，空气产品公司已在半导体材料、加氢炼制、家居保健服务、天然气液化、高级涂料和粘合剂等主要高增长市场上确立了领先地位。公司在创新的企业文化、完善的管理和对环境及安全的保护承诺方面得到了广泛的赞誉。拥有18,300多名员工的空气产品公司，业务遍及全球40多个国家，2010年的销售额达90亿美元。欲获得更多信息，请登陆公司网站 www.airproducts.com。

注释：此新闻稿中可能包含1995年《私人证券诉讼改革法案》中所界定的一些前瞻性陈述。这些前瞻性陈述基于本新闻稿发布日期时管理层关于重大风险因素的预期和假设所作出。由于管理层可能没有预期到一些因素，请以实际情况为准，这些因素包括公司10K表中的风险因素，因为本财年已于2010年9月30日结束。

媒体垂询：
博达公关上海办事处
联系人：于亚楠
电话：(8621) 62893488-18
邮件： rachel.yu@ebacomms.com

空气产品公司与中国地质大学携手合作加快新一代电子材料的开发速度

Wed, 24 Aug 2011 00:00:00 -0400

空气化工产品公司 (Air Products，简称空气产品公司，纽约证券交易所代码：APD)，作为全球领先的工业气体和功能材料供应商，今天宣布与中国地质大学（武汉）可持续能源实验室合作启动了一项新的联合研发项目，加速开发应用于微电子产业的材料。本项目利用计算机建模技术，将能够更深入地研究电子薄膜材料的沉积过程及其化学机理。这些研究获得的成果将有助于指导新电子薄膜材料沉积前驱体分子的选择，从而可以满足开发下一代逻辑和存储芯片的各方面需求。

空气产品公司先进电子材料部总监Edward Shober表示： “空气产品公司已经与中国多所知名大学开展合作，以加速将创新技术和产品引入中国这个快速发展的市场。通过借助中国地质大学的计算建模能力，我们正在加快新产品开发速度，以满足我们在中国及亚洲地区的行业合作伙伴和客户对电子材料的各种需求。”

从2006年起，空气产品公司就与中国地质大学（武汉）可持续能源实验室开展了一项长期的研究合作计划。双方先前已签署了多项研发协议，在培养年轻人才、更新大学研究设施和帮助空气产品公司加快开发多种先进技术和工业气体应用等方面合作取得显著成效。在过去五年中，双方的合作项目取得了丰硕的成果，已经申报并成功获得了多项美国专利授权，同时在一些顶尖学术期刊发表了多篇研究论文。

中国地质大学校长王焰新教授表示，“我们很高兴能够与空气产品公司这样国际领先的高科技公司建立合作伙伴关系。实践证明，在过去五年里，我们的合作卓有成效。我们的老师和学生能够不断掌握全球行业动态，并因此受益。我深信，新启动的项目将会得到有效执行并取得成功。我们期待着进一步加强与空气产品公司的合作关系。”

中国地质大学材料科学与化学工程学院院长鲍征宇教授也对学校与空气产品公司的合作伙伴关系感到高兴，他评价说：“空气产品公司是一家在工业气体和功能材料领域全球领先的高度创新型企业。这项合作将会促进从学术研究到工业气体应用的技术转化。对此我们感到非常振奋。”

空气产品公司于2005年在上海设立了亚洲技术中心，成为第一个在中国建立研发中心的全球工业气体公司。现在，该中心服务于中国及亚洲其他地区市场中高速发展的产业，包括功能材料、电子、商用气体和众多其他工业。

关于空气产品公司
空气产品公司（Air Products, 纽约证券交易所代码：APD）在全球为工业制造、能源、科技和医疗护理等领域的客户提供独特的产品和生产方案，其中包括工业气体产品、特种和工艺气体、功能材料和相关设备及服务。自1940年成立以来，空气产品公司已在半导体材料、加氢炼制、家居保健服务、天然气液化、高级涂料和粘合剂等主要高增长市场上确立了领先地位。公司在创新的企业文化、完善的管理和对环境及安全的保护承诺方面得到了广泛的赞誉。拥有18,300多名员工的空气产品公司，业务遍及全球40多个国家，2010年的销售额达90亿美元。欲获得更多信息，请登陆公司网站 www.airproducts.com。

关于中国地质大学可持续能源实验室
中国地质大学可持续能源实验室成立于2010年1月，重点研究领域包括与可再生能源和能源效率相关的材料研究和开发。本实验室是在以前的理论化学与计算材料科学研究所的基础上成立的，其成员主要是从事能源相关研究的教师和研究人员。可持续能源实验室自成立以来，就已经制定了明确的目标 ——成为储氢、燃料电池的催化研究、分子与材料模拟、设计和合成等领域的卓越研究中心。

注释：此新闻稿中可能包含1995年《私人证券诉讼改革法案》中所界定的一些前瞻性陈述。这些前瞻性陈述基于本新闻稿发布日期时管理层关于重大风险因素的预期和假设所作出。由于管理层可能没有预期到一些因素，请以实际情况为准，这些因素包括公司10K表中的风险因素，因为本财年已于2010年9月30日结束。

媒体垂询：
博达公关上海办事处
联系人：于亚楠
电话：(8621) 62893488-18
邮件： rachel.yu@ebacomms.com

Air Products Accelerates Electronic Materials Product Development Through Collaboration With China University of Geosciences Wuhan

Tue, 23 Aug 2011 00:00:00 -0400

Air Products (NYSE: APD) today announced it has initiated a joint research and development (R&D) project with the Sustainable Energy Laboratory of the China University of Geosciences Wuhan to accelerate the development of materials for the microelectronics industry.

By utilizing computational modeling, the project will enable better understanding of the chemical mechanisms responsible for the deposition of thin films. The knowledge gained from such studies will help guide the selection of new chemical precursors that address a wide variety of needs for next generation logic and memory devices.

“Air Products has been cooperating with leading universities in China to accelerate the introduction of innovation to the marketplace. By leveraging the computational modeling capabilities of the China University of Geosciences, we are accelerating new product development to fulfill the requests we are receiving for electronics materials from our industry partners and customers in China and Asia,” said Ed Shober, director for Advanced Integration Materials at Air Products.

Since 2006, Air Products has established a longstanding research collaboration program with the Sustainable Energy Laboratory of the China University of Geosciences Wuhan. The two organizations have previously signed several R&D agreements and the collaboration has been highly successful in developing young talent, improving research facilities at the university and enabling Air Products to accelerate the development of multiple advanced technologies and industrial gas applications. In the past five years, several U.S. patents and patent applications were filed and a number of research articles were published in high-profile scientific journals as a result of this collaboration.

Professor Yanxin Wang, president of the China University of Geosciences, said, “We are delighted to form a partnership with leading international technology companies like Air Products. Our collaborations in the past five years have proven to be extremely fruitful. Our faculty members and students have benefited by gaining global industrial perspectives. I am confident that the newly initiated projects will be successfully executed. We look forward to further strengthening our relationships with Air Products.”

Professor Zhenyu Bao, dean of School of Chemistry and Materials Sciences of the China University of Geosciences, is also pleased with the partnership, commenting, “Air Products is recognized as a highly innovative global industrial gases and performance materials company. The collaboration will facilitate technology transfer from academic research to industrial gas applications. We are very excited about this partnership.”

Air Products was the first global industrial gas company to establish an internal R&D capability in China when it set up its Asia Technology Center in 2005, which today serves high growth market segments in China and the rest of Asia, including performance materials, electronics and merchant industries.

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. In fiscal 2010, Air Products had revenues of $9 billion, operations in over 40 countries, and 18,300 employees around the globe. For more information, visit www.airproducts.com.

About Sustainable Energy Laboratory of China University of Geosciences
Established in January, 2010, the Sustainable Energy Laboratory of China University of Geosciences is a platform with a strong emphasis on materials research and development related to renewable energies and energy efficiencies. The organization was founded from the former Institute of Theoretical Chemistry and Computational Materials Science and by faculty members engaged in energy related research. Since its inception, the Sustainable Energy Laboratory has established itself as a center of excellence in research on hydrogen storage, fuel cell catalysis, and molecular and materials simulations, design and synthesis.

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, 2010.

Air Products Recognizes Two University Professors with Its 2011 Faculty Excellence Award

Mon, 22 Aug 2011 00:00:00 -0400

Air Products (NYSE:APD) has named Dr. Cheol Seong Hwang of Seoul National University and Dr. Adélio Mendes of the University of Porto as winners of its 2011 Faculty Excellence Award. The program recognizes outstanding faculty in technology areas strategic to Air Products’ long-term growth. The two winners will each receive an unrestricted grant for their institutions to further their research—Dr. Hwang for semiconductor memory technologies and Dr. Mendes for gas separations involving membranes and adsorption processes.

“Air Products is pleased and honored to recognize and support the research of Dr. Cheol Seong Hwang and Dr. Adélio Mendes,” said Monty Alger, Air Products vice president and chief technology officer. “The research contributions of these scientists are aligned with Air Products’ current and future areas of technology interest in our electronics and gas separation businesses. Recognizing and supporting these contributions are part of our effort to stay connected with the technology community outside of Air Products.”

Dr. Hwang’s research activities cover a wide variety of topics in semiconductor memory and logic device fabrication. His research has focussed on fabrication of ultra-high capacitance density capacitors for DRAM, high-k gate dielectric research, resistance switching memory, phase change memory, cross-bar arrays and thin film transistors for their applications in future 3D stacked memories. He earned a Ph.D. in the Department of Inorganic Materials Science and Engineering from Seoul National University in 1993 and was in a guest scientist position for his postdoctoral research work at the National Institute of Standards and Technology the following year. Dr. Hwang is currently a Professor in the Department of Materials Science and Engineering at Seoul National University and has published over 330 peer-reviewed journal articles, filed 60 patents and conducted many invited presentations at international conferences.

Dr. Mendes has research interests in the areas of membrane and adsorbent-based gas separations, carbon molecular sieve membranes, fuel cells, dye sensitized solar cells, photoelectrochemical cells for hydrogen production, photocatalysis, catalytic membrane reactors, and steam reforming. He earned his Ph.D. in Chemical Engineering from the University of Porto in 1993 and is presently Associate Professor of the Department of Chemical Engineering at the University of Porto. Dr. Mendes has published more than 130 peer-reviewed journal articles and filed applications for 18 patent families.

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. In fiscal 2010, Air Products had revenues of $9 billion, operations in over 40 countries, and 18,300 employees around the globe. For more information, visit www.airproducts.com.

Air Products Reports Fiscal 2011 Third Quarter EPS from Continuing Operations up 14%* to $1.46

Fri, 22 Jul 2011 00:00:00 -0400

Highlights

Record EPS from continuing operations of $1.46
Sales of $2.6 billion, up 14% versus prior year
Fourth quarter EPS expected to be $1.48 to $1.53

Air Products (NYSE:APD) today reported net income from continuing operations of $318 million, up 15 percent* versus prior year, and diluted earnings per share (EPS) from continuing operations of $1.46, up 14 percent*, for its fiscal third quarter ended June 30, 2011.

These results exclude a $0.04 gain in discontinued operations recognizing a tax benefit from the sale of the company’s U.S. healthcare operations in 2009. The discussion of third quarter results and guidance in this release excludes this item and is based on non-GAAP comparisons. A reconciliation can be found at the end of this release.*

Third quarter revenues of $2,578 million increased 14 percent from the prior year. On an underlying basis, sales were up seven percent on higher volumes primarily in the Electronics and Performance Materials and Tonnage segments. Operating income of $417 million rose 11 percent from the prior year on higher volumes.

John McGlade, chairman, president and chief executive officer, said, “We continued to see strong volume growth across a number of our businesses. Growth in the Asia Merchant business and more broadly in the energy and electronics markets was strong, while both the U.S. and Europe Merchant businesses were slower. This quarter, as expected, we saw a significant number of planned customer maintenance outages in our Tonnage segment. We remain very disappointed by the continued higher operating and maintenance costs in our Merchant segment and are taking the necessary steps to improve performance.”

Third Quarter Segment Performance

Merchant Gases sales of $1,027 million increased 12 percent versus prior year on higher volumes, primarily in Asia, positive pricing in North America and Asia, and favorable currency. Operating income of $182 million improved three percent versus prior year with favorable currency and increased volumes mostly offset by higher operating costs and pricing pressure in Europe.
Tonnage Gases sales of $869 million were up 20 percent from the prior year primarily on higher volumes, and higher energy and raw material cost pass-through. Operating income of $115 million declined four percent. Volume gains were more than offset by higher maintenance costs primarily from customer scheduled outages.
Electronics and Performance Materials sales of $602 million improved 21 percent over the prior year on higher volumes. Operating income of $109 million increased 75 percent on higher volumes and continued strong cost performance. Electronics sales increased 24 percent and Performance Materials sales grew 18 percent versus prior year. This quarter’s results represented record sales, profits and margins for the segment.
Equipment and Energy sales of $80 million were down 31 percent versus the prior year on lower ASU sales. Operating income of $9 million declined significantly on lower sales and a prior year gain on an asset sale. Sequentially, backlog in this segment increased 34 percent with the addition of the world’s first floating LNG project.

Outlook

Looking ahead to the fourth quarter, McGlade said, “We anticipate continued strong revenue growth in our Tonnage and Electronics and Performance Materials segments. With the Tonnage planned maintenance outages behind us and the actions we are taking to improve Merchant performance, we expect margins to improve significantly in the quarter.”

Air Products expects fourth quarter EPS to be between $1.48 and $1.53 per share and the full fiscal year EPS to be between $5.70 and $5.75 per share.

Last month, Air Products unveiled new financial targets for the 2015 timeframe. The company expects to deliver top line growth of 11 percent to 13 percent per year over the next four years, which would bring its total revenues to more than $15 billion in 2015. Air Products also expects to improve its operating margin to 20 percent and its return on capital to 15 percent by 2015.

NOTE: This release contains "forward-looking statements" within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including earnings guidance, projections and targets. These forward-looking statements are based on management's reasonable expectations and assumptions as of the date this release is issued 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, without limitation, stalling of global economic recovery; renewed deterioration in economic and business conditions; weakening demand for the Company's products; future financial and operating performance of major customers and industries served by the Company; unanticipated contract terminations or customer cancellations or postponement of projects and sales; the success of commercial negotiations; asset impairments due to economic conditions or specific product or customer events; the impact of competitive products and pricing; interruption in ordinary sources of supply of raw materials; the ability to recover unanticipated increased energy and raw material costs from customers; costs and outcomes of litigation or regulatory actions; successful development and market acceptance of new products and applications, the ability to attract, hire and retain qualified personnel in all regions of the world where the Company operates; consequences of acts of war or terrorism impacting the United States and other markets; the effects of a natural disaster; the success of cost reduction and productivity programs and achieving anticipated acquisition synergies; the timing, impact, and other uncertainties of future acquisitions or divestitures; significant fluctuations in interest rates and foreign currencies from that currently anticipated; the continued availability of capital funding sources in all of the Company's foreign operations; the impact of environmental, healthcare, tax or other legislation and regulations in jurisdictions in which the Company and its affiliates operate; the impact of new or changed financial accounting guidance; the timing and rate at which tax credits can be utilized and other risk factors described in the Company's Form 10K for its fiscal year ended September 30, 2010. The Company disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained in this document to reflect any change in the Company's assumptions, beliefs or expectations or any change in events, conditions, or circumstances upon which any such forward-looking statements are based.

* The presentation of non-GAAP measures is intended to enhance the usefulness of financial information by providing measures which our management uses internally to evaluate our baseline performance on a comparable basis. Presented below are reconciliations of the reported GAAP results to the non-GAAP measures.

Consolidated Results
	Continuing Operations Q3
2011 Q3 vs. 2010 Q3	Operating Income	Income	Diluted EPS
2011 GAAP	$416.8	$317.6	$1.46
2010 GAAP	336.4	253.2	1.17
Change GAAP	24%	25%	25%
2010 GAAP	$336.4	$253.2	$1.17
Net loss on Airgas transaction (Tax impact $14.2)	37.9	23.7	.11
2010 Non-GAAP Measure	$374.3	$276.9	$1.28
Change Non-GAAP Measure	11%	15%	14%
	Full year 2011
2011 Guidance (a)	$5.70-$5.75
Guidance excludes the impact of net loss on Airgas transaction

View entire earnings release with all financial tables

Teleconference Information

Air Products Announces Executive Changes

Fri, 01 Jul 2011 00:00:00 -0400

Air Products (NYSE:APD) announces the following executive changes, effective immediately:

Corning F. Painter is appointed senior vice president, Corporate Strategy and Technology. In this role, Painter will be responsible for the company’s Corporate Strategy, Technology, Marketing and Sustainability. He also will serve on Air Products’ Corporate Executive Committee (CEC). Painter joined Air Products in 1984 as a participant in the company’s Career Development Program and subsequently progressed through a variety of commercial and operating positions. Since 1992, Painter has served in a variety of commercial leadership positions for the Electronics Division in the United States, Europe and Asia. In 2004, Painter was appointed regional vice president, Asia Electronics, and additionally was named chairman of Air Products San Fu―a majority-owned joint venture company in Taiwan. He was appointed to his most recent position, vice president and general manager, Global Electronics, in 2006 and recently relocated to the United States after 11 years overseas. Painter received a B.S. degree in chemical engineering from Carnegie Mellon University in 1984.

John W. Marsland is appointed senior vice president and general manager, Electronics, Performance Materials and Supply Chain. He will assume responsibility for the Electronics and Performance Materials business segment in addition to his current duties of senior vice president, Supply Chain, where he has responsibility for Air Products’ Global Engineering, Global Operations, Energy and Materials, and Continuous Improvement organizations. Marsland joined Air Products in 2002 as director-Business Development and was named vice president, Corporate Development Office, in 2003. He has since served in a variety of executive leadership positions, including vice president and general manager, Global Healthcare; vice president, Business Services; and most recently vice president and general manager, Global Liquid Bulk, Generated Gases and Helium. Marsland also is a member of the company’s CEC. He graduated with High Distinction from Babson College in 1988 with a B.S. degree in finance and investments.

Wayne M. Mitchell is appointed vice president and general manager, Electronics. In this position, he is responsible for developing and implementing the global strategy for Air Products’ Electronics business. Mitchell joined Air Products in 1988 as European sales and marketing manager when the company acquired Anchor Chemical Group PLC in Manchester, England. In the following years, he held a variety of commercial and management positions within Chemicals, including both domestic and international assignments. In 2003, Mitchell was appointed vice president and general manager, Performance Materials Division, prior to assuming his most recent position as vice president, Global Business Support Services (GBSS), in 2009. He received a B.S. degree from the University of Christchurch, New Zealand, in 1974.

Thomas J. Ward is appointed vice president, Global Business Support Services, and will be responsible for leading the company’s support services for Human Resources, Finance, Customer Engagement, Procurement, Order Management and Delivery Scheduling. Ward joined Air Products in 1981 as a development engineer in the Applied Research and Development group. He subsequently held a variety of product management, global marketing and general management positions within the company’s gases businesses. Ward served as business director for the company’s SAP global implementation and was appointed vice president, Integrated Supply Chain, in 2004. He most recently served as vice president and general manager, North American Merchant Gases. Ward received a B.S. degree in metallurgical engineering in 1981 and an M.B.A. in 1986, both from Lehigh University.

Ivo Bols is appointed vice president and general manager, Global Liquid Bulk, Generated Gases and Helium. In this position, he is responsible for developing and implementing the global strategy for the company’s liquid bulk, generated gases and helium businesses. Bols joined Air Products’ European operations in 1988 as a financial analyst. He subsequently held a variety of sales, marketing and business management positions before being appointed vice president, Northern Continent and Global Packaged Gases Center of Excellence in 2003. He relocated to Singapore in 2007 where he most recently held the position of vice president and general manager, Merchant Gases–Asia. Bols received a degree as a bio-engineer in 1983 from the Katholieke Universiteit Leuven, Belgium, and an M.B.A. in 1985.

Sustainability and CO2 International Experts Mark 10th Year of Air Products’ MATGAS R&D Joint Venture in Barcelona

Thu, 02 Jun 2011 00:00:00 -0400

Air Products (NYSE:APD) is celebrating the ten-year anniversary of its joint venture MATGAS, a strategic alliance between Carburos Metálicos―part of the Air Products Group, the Spanish National Research Council (CSIC), and the Autonomous University of Barcelona (UAB).

To mark the event, MATGAS held an International Symposium on Energy, Sustainability and the Environment on June 1st and 2nd at its facilities in Barcelona. Over the two days, world-leading experts came together to unveil significant findings and explore future research prospects and challenges. Speakers included MATGAS director, Dr. Lourdes F. Vega; Professor Robert Armstrong of the Massachusetts Institute of Technology (MIT), USA; Professor Michele Aresta of the University of Bari in Italy; and Professor Andreas Züttel of the EMPA in Zurich, Switzerland.

MATGAS sets out to establish a centre of excellence in material science and gas applications by combining the strengths of industrial, academic and government institutions for the benefit of the founding partners and society.

In ten years, MATGAS has set global benchmarks in the study and development of technologies focused on greener energy solutions, including CO2 capture and application, water treatment and alternative energies such as hydrogen, by combining modeling and experimental approaches.

“One element of the work we do at MATGAS is the utilization of life cycle assessment (LCA) tools which help us to quantify the environmental ‘footprint’ of products and technologies,” explained Dr. Lourdes Vega, MATGAS director. “This helps Air Products and its MATGAS partners to understand the impacts and benefits of key technologies and thus build on that knowledge in their respective R&D activities.”

Last year Air Products launched its Sustainable Technologies Center (STC) located at the company’s headquarters in Allentown (Pennsylvania, USA). Leveraging the experience of MATGAS, the centre is focused on conducting life cycle assessments (LCAs) of current and future product offerings.

Monty Alger, Air Products Chief Technology Officer (CTO) and vice president of R&D said, “MATGAS provides a unique research and development platform which enables us to join with academic and public sector partners to address significant challenges in the area of sustainability. As a company, we are committed to developing solutions that not only help solve our customers’ sustainability challenges while driving growth, but also help to address the pressing environment challenges faced by us all.”

Air Products leads the way in a significant number of projects that have sustainability benefits:

Hydrogen Fuel

Air Products has more than 50 years of hydrogen experience and is on the forefront of hydrogen energy technology development. Air Products has an extensive patent portfolio with over 50 patents in hydrogen dispensing technology. Air Products provides liquid and gaseous hydrogen, and HCNG (hydrogen/compressed natural gas) fueling, and has developed a variety of enabling devices and protocols for fuel dispensing at varied pressures. Hydrogen for these stations can be delivered to a site via truck, produced by natural gas reformation, biomass conversion, or by electrolysis, including electrolysis that is solar and wind driven.

Carbon Capture and Storage

Air Products is currently working on several CCS projects around the world for the power market. These projects include:

Air Products’ proprietary carbon dioxide (CO2) capture, purification and compression system at Vattenfall AB’s research and development facility in Schwarze Pumpe, Germany is onstream and performing a key role in the world’s premier demonstration of oxyfuel carbon capture. Vattenfall, one of Europe’s leading energy companies, held an inaugural ceremony in May 2011 at the facility which hosts what is viewed globally as the preeminent CO2 oxyfuel project. Air Products’ technology is focusing specifically on the purification and compression of oxyfuel combustion flue gas during the scheduled three-year demonstration project.
Air Products will design, construct and operate a state-of-the-art system to capture CO2 from its two steam methane reformers (SMR) located at a refinery in Port Arthur, Texas, United States. The CO2 removal technology will be retrofitted to the SMRs, which produce hydrogen to assist in the making of cleaner burning transportation fuels by refinery customers on Air Products’ Gulf Coast hydrogen pipeline network. Approximately one million tons of CO2 annually will be recovered, purified by Air Products, and delivered by Air Products via a pipeline for injection into enhanced oil recovery projects in Texas.
Working with Shanxi International Energy Group Co., Ltd (SIEG) to perform a feasibility study and reference plant design on its proprietary oxyfuel carbon dioxide (CO2) purification technology for potential installation at SIEG’s 350 MW Oxyfuel Electrical Generation Demonstration Project.
In collaboration with the Alberta Energy Research Institute in Canada, a study focusing on advanced CO2 capture technology for use with gasification.
In cooperation with the DOE, Air Products designed and constructed a CO2 purification system in support of an oxyfuel technology development project at a boiler simulation facility in Windsor, Connecticut, United States.
Air Products demonstrated oxyfuel sour compression technology in experimental work carried out by Imperial College London with flue gas from a 160 kilowatt coal-fired combustion installation at Doosan Power Systems’ facility in Renfrew, Scotland, as part of the Oxycoal-UK Project.

About MATGAS

MATGAS, centre of excellence in CO2 and sustainability, is a group born from a strategic alliance between Carburos Metálicos―part of the Air Products Group, the Spanish National
Research Council, and the Autonomous University of Barcelona (UAB). Based on the UAB campus, MATGAS is a pioneering centre in the sustainable use of energy sources, reducing emissions of CO2 and other greenhouse gases and developing new technologies to sequester, convert and use CO2. It also works on issues relating to hydrogen and other sources of sustainable energy, as well as water treatment, food preservation and life cycle simulation, modelling and analysis. For more information on MATGAS, visit www.matgas.org.

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. In fiscal 2010, Air Products had revenues of $9 billion, operations in over 40 countries, and 18,300 employees around the globe. 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, 2010.

Air Products Board Elects New Director

Wed, 25 May 2011 00:00:00 -0400

Susan K. Carter, executive vice president and chief financial officer of KBR, Inc., has been elected to Air Products’ (NYSE: APD) board of directors.

Commenting on the board election, Air Products Chairman, President and Chief Executive Officer John E. McGlade stated that Carter “will add significant value to the company through her strong financial background, as well as her global knowledge and experience in strategic markets for Air Products, such as power and energy.”

Carter, 52, has served as chief financial officer of KBR, a $10 billion global engineering, construction and services company, since 2009. During her career, Carter has held various senior financial management positions at Crane Co., DeKalb Corporation and Honeywell International Inc. Prior to joining KBR, Carter held the position of vice president, Finance and chief accounting officer at Cummins, Inc. in 2002, and executive vice president and chief financial officer of Lennox International, Inc. in 2004.

Carter holds a B.S. degree in accounting from Indiana University and an M.B.A. from Northern Illinois University. She is a Certified Public Accountant and former board member of Lyondell Chemical Company.

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. In fiscal 2010, Air Products had revenues of $9 billion, operations in over 40 countries, and 18,300 employees around the globe. 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, 2010.

Air Products Collaborates with Tianjin University in China on Advanced Chemical Engineering Sciences

Wed, 06 Apr 2011 00:00:00 -0400

Air Products (NYSE: APD), a leading global industrial gases and performance materials supplier, today announced it has initiated its third joint research and development (R&D) project with the State Key Laboratoryof Chemical Engineeringof Tianjin University in China on advanced chemical engineering sciences. This project, which focuses on distillation and modeling of chemical processes in engineering design technology, will be applied to air separation and hydrocarbon processes accelerating process development for the gases industry.

Air Products and Tianjin University have established a longstanding R&D partnership having signed three joint R&D agreements on advanced chemical engineering sciences since 2005. Under these agreements, Air Products provides funding to the University for R&D projects engaging a number of Ph.D. and master’s degree students.

In addition, Air Products has established a scholarship program at Tianjin University for chemical engineering students. The latest scholarships were presented on March 18, 2011. On that day, Air Products’ representatives also visited several laboratories to discuss further cooperation opportunities.

“We are very glad to build further partnerships with Air Products, a global industrial gases leader in technology and innovation. Our technology exchanges and collaborations have brought us very good international perspectives on global trends and developments,” said Professor Yuan Xigang, director of the State Key Laboratoryof Chemical Engineering of Tianjin University. “Air Products is also committed to developing local talent, and we are very pleased to see that several of our Ph.D. students are now developing their careers at this company. We look forward to our continued cooperation on many fronts.”

In 1991, the State Key Laboratory for Chemical Engineering established its distillation laboratory in Tianjin University, which has become the base of fundamental and applied research in the field of distillation. The laboratory has earned a reputation worldwide as a center of excellence for distillation.

“Air Products is committed to developing advanced technologies and sustainable industrial applications to support the local needs of the high growth China market. We have been cooperating with leading universities in China to accelerate the introduction of innovation to the marketplace,” said Monty Alger, vice president and chief technology officer at Air Products. “Our further cooperation with the very reputable Tianjin University on distillation and modeling in this latest joint R&D project will increase the pace of air separation innovation.”

Air Products was the first global industrial gas company to establish an internal R&D capability in China when it set up its Asia Technology Center in 2005, which is today serving key high growth market segments in China and the rest of Asia including performance materials, electronics and general industries.

About Air Products

About Tianjin University and State Key Laboratory of Chemical Engineering

TianjinUniversity, established in 1895, is the first modern university in China. More than 200,000 of students have graduated from the Tianjin University over its 116 years of history. Its State Key Laboratory of Chemical Engineering focuses its research on distillation and composite process, membrane distillation and seawater desalination flash evaporation, bath distillation and its application, optimized distillation process system and applied researches.For more information, visit www.tju.edu.cn/english.

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, 2010.

Air Products Withdraws Offer for Airgas

Tue, 15 Feb 2011 00:00:00 -0500

Air Products (NYSE: APD) today commented on the decision by the Delaware Chancery Court to uphold the Airgas, Inc. (NYSE: ARG) poison pill.

John E. McGlade, Air Products chairman, president and chief executive officer, said, “We are disappointed by the court’s decision. We believe the Airgas Board of Directors has done a great disservice to Airgas shareholders by never allowing them to decide for themselves whether they want to accept our $70 per share all-cash offer. It is abundantly clear that the Airgas Board is thoroughly entrenched in its position, so we have decided to withdraw our offer and move on.”

McGlade continued, “While acquiring Airgas at an appropriate price would have been a value-creating opportunity, Air Products has many other compelling growth opportunities around the world that we are continuing to pursue. Our business is performing extremely well as evidenced by our most recent results, and we remain focused on executing against our strategic plan and delivering strong results for our shareholders.”

Air Products will host a conference call for investors and the media on Wednesday, February 16, 2011 at 9:00 a.m. ET to discuss the decision to withdraw its offer. To participate in the call, please dial 785-830-1997, passcode 9523693. The call also may be accessed at www.airproducts.com/Invest/financialnews/feb2011news.htm. Access the audio replay of the call by dialing (888) 203-1112 in the U.S. or (719) 457-0820 outside of the U.S. and entering passcode 9523693.

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. In fiscal 2010, Air Products had revenues of $9 billion, operations in over 40 countries, and 18,300 employees around the globe. For more information, visit www.airproducts.com.

ADDITIONAL INFORMATION
On February 11, 2010, Air Products Distribution, Inc. (“Purchaser”), a wholly owned subsidiary of Air Products and Chemicals, Inc. (“Air Products”), commenced a cash tender offer for all the outstanding shares of common stock of Airgas, Inc. (“Airgas”) not already owned by Air Products, subject to the terms and conditions set forth in the Offer to Purchase dated as of February 11, 2010 (the “Offer to Purchase”). The purchase price to be paid upon the successful closing of the cash tender offer is $70 per share in cash, without interest and less any required withholding tax, subject to the terms and conditions set forth in the Offer to Purchase, as amended. The offer is scheduled to expire at midnight, New York City time, on Tuesday, February 15, 2011, unless further amended in the manner set forth in the Schedule TO. Air Products does not intend to further extend the expiration date.

This communication does not constitute an offer to buy or solicitation of an offer to sell any securities. The tender offer is being made pursuant to a tender offer statement on Schedule TO (including the Offer to Purchase, a related letter of transmittal and other offer materials) filed by Air Products with the U.S. Securities and Exchange Commission (“SEC”) on February 11, 2010. INVESTORS AND SECURITY HOLDERS OF AIRGAS ARE URGED TO READ THESE AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and security holders can obtain free copies of these documents and other documents filed with the SEC by Air Products through the web site maintained by the SEC at http://www.sec.gov. The Offer to Purchase and related materials may also be obtained for free by contacting the Information Agent for the tender offer, MacKenzie Partners, Inc., at 212-929-5500 or toll-free at 800-322-2885.

Media Inquiries:
(Sard Verbinnen & Co)
George Sard / David Reno
Tel: (212) 687-8080

Investor Inquiries:
(MacKenzie Partners)
Larry Dennedy / Charlie Koons
Tel: (212) 929-5239 / (212) 929-5708

Air Products Extends Tender Offer to Acquire Airgas

Thu, 03 Feb 2011 00:00:00 -0500

Air Products (NYSE: APD) today announced that it has extended the expiration date of its tender offer for all outstanding common shares of Airgas, Inc. (NYSE: ARG) for $70.00 per share in cash. The offer and withdrawal rights are now scheduled to expire at 12:00 midnight New York City time on February 15, 2011, unless further extended. The tender offer was previously scheduled to expire on February 4, 2011.

As of the close of business on February 2, 2011, approximately 7,104,590 shares of Airgas common stock had been validly tendered into and not withdrawn from the offer.

Airgas’ stockholders may obtain copies of all of the offering documents free of charge at the SEC’s website (www.sec.gov) or by directing a request to MacKenzie Partners, Inc., the Information Agent for the offer, at 212-929-5500 or toll-free at 800-322-2885. Additional information about the transaction, including the offering documents, is also available at www.airproducts.com/airgasoffer.

Air Products’ financial advisors are J. P. Morgan Securities LLC and Perella Weinberg Partners, its legal advisors are Cravath, Swaine & Moore LLP and Arnold & Porter, and its information agent is MacKenzie Partners, Inc.

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. In fiscal 2010, Air Products had revenues of $9 billion, operations in over 40 countries, and 18,300 employees around the globe. For more information, visit www.airproducts.com.

ADDITIONAL INFORMATION
On February 11, 2010, Air Products Distribution, Inc. (“Purchaser”), a wholly owned subsidiary of Air Products and Chemicals, Inc. (“Air Products”), commenced a cash tender offer for all the outstanding shares of common stock of Airgas, Inc. (“Airgas”) not already owned by Air Products, subject to the terms and conditions set forth in the Offer to Purchase dated as of February 11, 2010 (the “Offer to Purchase”). The purchase price to be paid upon the successful closing of the cash tender offer is $70 per share in cash, without interest and less any required withholding tax, subject to the terms and conditions set forth in the Offer to Purchase, as amended. The offer is scheduled to expire at midnight, New York City time, on Tuesday, February 15, 2011, unless further amended in the manner set forth in the Schedule TO.

This communication does not constitute an offer to buy or solicitation of an offer to sell any securities. The tender offer is being made pursuant to a tender offer statement on Schedule TO (including the Offer to Purchase, a related letter of transmittal and other offer materials) filed by Air Products with the U.S. Securities and Exchange Commission (“SEC”) on February 11, 2010. INVESTORS AND SECURITY HOLDERS OF AIRGAS ARE URGED TO READ THESE AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and security holders can obtain free copies of these documents and other documents filed with the SEC by Air Products through the web site maintained by the SEC at http://www.sec.gov. The Offer to Purchase and related materials may also be obtained for free by contacting the Information Agent for the tender offer, MacKenzie Partners, Inc., at 212-929-5500 or toll-free at 800-322-2885.

Air Products Extends Tender Offer to Acquire Airgas

Fri, 07 Jan 2011 00:00:00 -0500

Air Products (NYSE: APD) today announced that it has extended the expiration date of its tender offer for all outstanding common shares of Airgas, Inc. (NYSE: ARG) for $70.00 per share in cash. The offer and withdrawal rights are now scheduled to expire at 12:00 midnight New York City time on February 4, 2011, unless further extended. The tender offer was previously scheduled to expire on January 14, 2011.

Except for the extension of the tender offer expiration date, all other terms and conditions of the offer remain unchanged. As of the close of business on January 6, 2011, approximately 2,995,370 shares of Airgas common stock had been validly tendered into and not withdrawn from the offer.

Airgas’ stockholders may obtain copies of all of the offering documents free of charge at the SEC’s website (www.sec.gov) or by directing a request to MacKenzie Partners, Inc., the Information Agent for the offer, at 212-929-5500 or toll-free at 800-322-2885. Additional information about the transaction, including the offering documents, is also available at www.airproducts.com/airgasoffer.

Air Products’ financial advisors are J. P. Morgan Securities Inc. and Perella Weinberg Partners, its legal advisors are Cravath, Swaine & Moore LLP and Arnold & Porter, and its information agent is MacKenzie Partners, Inc.

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. In fiscal 2010, Air Products had revenues of $9 billion, operations in over 40 countries, and 18,300 employees around the globe. For more information, visit www.airproducts.com.

ADDITIONAL INFORMATION
On February 11, 2010, Air Products Distribution, Inc. (“Purchaser”), a wholly owned subsidiary of Air Products and Chemicals, Inc. (“Air Products”), commenced a cash tender offer for all the outstanding shares of common stock of Airgas, Inc. (“Airgas”) not already owned by Air Products, subject to the terms and conditions set forth in the Offer to Purchase dated as of February 11, 2010 (the “Offer to Purchase”). The purchase price to be paid upon the successful closing of the cash tender offer is $70 per share in cash, without interest and less any required withholding tax, subject to the terms and conditions set forth in the Offer to Purchase, as amended. The offer is scheduled to expire at midnight, New York City time, on Friday, February 4, 2011, unless further amended in the manner set forth in the Schedule TO.

This communication does not constitute an offer to buy or solicitation of an offer to sell any securities. The tender offer is being made pursuant to a tender offer statement on Schedule TO (including the Offer to Purchase, a related letter of transmittal and other offer materials) filed by Air Products with the U.S. Securities and Exchange Commission (“SEC”) on February 11, 2010. INVESTORS AND SECURITY HOLDERS OF AIRGAS ARE URGED TO READ THESE AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and security holders can obtain free copies of these documents and other documents filed with the SEC by Air Products through the web site maintained by the SEC at http://www.sec.gov. The Offer to Purchase and related materials may also be obtained for free by contacting the Information Agent for the tender offer, MacKenzie Partners, Inc., at 212-929-5500 or toll-free at 800-322-2885.

Media Inquiries:
Sard Verbinnen & Co)
George Sard / David Reno
Tel: (212) 687-8080

Investor Inquiries:
(MacKenzie Partners)
Larry Dennedy / Charlie Koons
Tel: (212) 929-5239 / (212) 929-5708

Air Products Responds to Airgas Board’s Rejection of Best and Final Offer

Wed, 22 Dec 2010 00:00:00 -0500

Air Products (NYSE: APD) today responded to the rejection by the Board of Directors of Airgas, Inc. (NYSE: ARG) of Air Products’ $70 per share cash offer.

John E. McGlade, chairman, president and chief executive officer, said, “We have made clear that $70 per share is our best and final offer for Airgas. We know the market for industrial gases extremely well, and have offered a full and fair price for this business. Airgas shareholders should understand that the forecasts relied on by the Airgas Board and its three financial advisors were provided solely by Airgas management and were not independently developed or verified. The fact is that no other bidder has emerged since we made our offer public over 10 months ago, and many Airgas shareholders have recently come out and publicly supported our $70 offer. If the Airgas Board is so confident that Airgas is worth at least $78 per share, it should redeem its poison pill and let shareholders decide for themselves whether they want to accept $70 per share in cash now. Our offer expires on January 14.”

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. In fiscal 2010, Air Products had revenues of $9 billion, operations in over 40 countries, and 18,300 employees around the globe. For more information, visit www.airproducts.com.

ADDITIONAL INFORMATION
On February 11, 2010, Air Products Distribution, Inc. (“Purchaser”), a wholly owned subsidiary of Air Products and Chemicals, Inc. (“Air Products”), commenced a cash tender offer for all the outstanding shares of common stock of Airgas, Inc. (“Airgas”) not already owned by Air Products, subject to the terms and conditions set forth in the Offer to Purchase dated as of February 11, 2010 (the “Offer to Purchase”). The purchase price to be paid upon the successful closing of the cash tender offer is $70 per share in cash, without interest and less any required withholding tax, subject to the terms and conditions set forth in the Offer to Purchase, as amended. The offer is scheduled to expire at midnight, New York City time, on Friday, January 14, 2011, unless further amended in the manner set forth in the Schedule TO.

This communication does not constitute an offer to buy or solicitation of an offer to sell any securities. The tender offer is being made pursuant to a tender offer statement on Schedule TO (including the Offer to Purchase, a related letter of transmittal and other offer materials) filed by Air Products with the U.S. Securities and Exchange Commission (“SEC”) on February 11, 2010. INVESTORS AND SECURITY HOLDERS OF AIRGAS ARE URGED TO READ THESE AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and security holders can obtain free copies of these documents and other documents filed with the SEC by Air Products through the web site maintained by the SEC at http://www.sec.gov. The Offer to Purchase and related materials may also be obtained for free by contacting the Information Agent for the tender offer, MacKenzie Partners, Inc., at 212-929-5500 or toll-free at 800-322-2885.

Media Inquiries:
(Sard Verbinnen & Co)
George Sard / David Reno
Tel: (212) 687-8080

Investor Inquiries:
(MacKenzie Partners)
Larry Dennedy / Charlie Koons
Tel: (212) 929-5239 / (212) 929-5708

Air Products Makes Best and Final Offer for Airgas; Increases All-Cash Offer to $70 Per Share

Thu, 09 Dec 2010 00:00:00 -0500

Air Products (NYSE: APD) today announced it has increased its fully financed cash tender offer to acquire all of the outstanding shares of Airgas, Inc. (NYSE: ARG) to $70 per share. This is Air Products’ best and final offer for Airgas and will not be further increased. It provides a 61% premium to Airgas’ closing price on February 4, 2010, the day before Air Products first announced an offer to acquire Airgas.

John E. McGlade, Air Products chairman, president and chief executive officer, said, “It is time to bring this matter to a conclusion, and we are today making our best and final offer for Airgas. The Air Products Board has determined that it is not in the best interests of Air Products shareholders to pursue this transaction indefinitely, and Airgas shareholders should be aware that Air Products will not pursue this offer to another Airgas shareholder meeting, whenever it may be held.”

McGlade continued, “We are more than a year into this process, and the majority of the Airgas Board has made it clear that they do not intend to negotiate a deal. Accordingly, if Airgas shareholders want this compelling offer, they must make their voices heard now. The reality is that there are no other bidders for Airgas, and Airgas has no alternative value creation plan other than the status quo. At $70 per share, this offer would deliver an extraordinary premium to Airgas shareholders and create significant value for Air Products shareholders. Airgas shareholders deserve the opportunity to decide for themselves whether they want to accept $70 per share in cash.”

Air Products first approached Airgas with a proposed transaction in October 2009. Air Products has since repeatedly attempted to negotiate a transaction, increased its offer price several times, cleared the regulatory hurdles to completing a transaction in 2010, and obtained the support of Airgas’ shareholders at its 2010 annual meeting. Airgas has responded with unrealistic price expectations and repeated delaying tactics, all in support of a “just say no” strategy.

In connection with increasing the offer to Air Products’ best and final price, and to allow the Delaware Chancery Court time to rule in the ongoing litigation, the expiration of the tender offer has been extended to January 14, 2011. Air Products reserves the right to further amend the expiration date, including by accelerating it (which may, in certain circumstances, have the effect of causing a termination of the offer), based on developments in the Delaware litigation or otherwise, in each case as permitted by applicable law.

The revised offer and withdrawal rights will expire at 12:00 midnight New York City time on January 14, 2011. Except for the price increase, all other terms and conditions of the offer remain unchanged. The tender offer and withdrawal rights were previously scheduled to expire on December 17, 2010. As of the close of business on December 8, 2010, approximately 2,175,398 sharesof Airgas common stock had been validly tendered into and not withdrawn from the offer.

Air Products’ financial advisors are J. P. Morgan Securities Inc. and Perella Weinberg Partners, its legal advisors are Cravath, Swaine & Moore LLP and Arnold & Porter, and its information agent is MacKenzie Partners, Inc.

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. In fiscal 2010, Air Products had revenues of $9 billion, operations in over 40 countries, and 18,300 employees around the globe. For more information, visit www.airproducts.com.

ADDITIONAL INFORMATION
On February 11, 2010, Air Products Distribution, Inc. (“Purchaser”), a wholly owned subsidiary of Air Products and Chemicals, Inc. (“Air Products”), commenced a cash tender offer for all the outstanding shares of common stock of Airgas, Inc. (“Airgas”) not already owned by Air Products, subject to the terms and conditions set forth in the Offer to Purchase dated as of February 11, 2010 (the “Offer to Purchase”). The purchase price to be paid upon the successful closing of the cash tender offer is $70 per share in cash, without interest and less any required withholding tax, subject to the terms and conditions set forth in the Offer to Purchase, as amended. The offer is scheduled to expire at midnight, New York City time, on Friday, January 14, 2011, unless further amended in the manner set forth in the Schedule TO.

This communication does not constitute an offer to buy or solicitation of an offer to sell any securities. The tender offer is being made pursuant to a tender offer statement on Schedule TO (including the Offer to Purchase, a related letter of transmittal and other offer materials) filed by Air Products with the U.S. Securities and Exchange Commission (“SEC”) on February 11, 2010. INVESTORS AND SECURITY HOLDERS OF AIRGAS ARE URGED TO READ THESE AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and security holders can obtain free copies of these documents and other documents filed with the SEC by Air Products through the web site maintained by the SEC at http://www.sec.gov. The Offer to Purchase and related materials may also be obtained for free by contacting the Information Agent for the tender offer, MacKenzie Partners, Inc., at 212-929-5500 or toll-free at 800-322-2885.

Air Products Extends Tender Offer to Acquire Airgas

Tue, 30 Nov 2010 00:00:00 -0500

Air Products (NYSE: APD) today announced that it has extended by 10 business days the expiration date of its tender offer for all outstanding common shares of Airgas, Inc. (NYSE: ARG) for $65.50 per share in cash. The offer and withdrawal rights are now scheduled to expire at 12:00 midnight New York City time on December 17, 2010. The tender offer was previously scheduled to expire on December 3, 2010.

The offer is being extended to enable the Delaware Chancery Court to render a decision on pending litigation between Air Products and Airgas.

Except for the extension of the tender offer expiration date, all other terms and conditions of the offer remain unchanged. As of the close of business on Monday, November 29, 2010, approximately 1,879,967 shares of Airgas common stock had been validly tendered into and not withdrawn from the offer.

Airgas’ stockholders may obtain copies of all of the offering documents free of charge at the SEC’s website (www.sec.gov) or by directing a request to MacKenzie Partners, Inc., the Information Agent for the offer, at 212-929-5500 or toll-free at 800-322-2885. Additional information about the transaction, including the offering documents, is also available at www.airproducts.com/airgasoffer.

Air Products’ financial advisors are J. P. Morgan Securities Inc. and Perella Weinberg Partners, its legal advisors are Cravath, Swaine & Moore LLP and Arnold & Porter, and its information agent is MacKenzie Partners, Inc.

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. In fiscal 2010, Air Products had revenues of $9 billion, operations in over 40 countries, and 18,300 employees around the globe. For more information, visit www.airproducts.com.

ADDITIONAL INFORMATION
On February 11, 2010, Air Products Distribution, Inc. (“Purchaser”), a wholly owned subsidiary of Air Products and Chemicals, Inc. (“Air Products”), commenced a cash tender offer for all the outstanding shares of common stock of Airgas, Inc. (“Airgas”) not already owned by Air Products, subject to the terms and conditions set forth in the Offer to Purchase dated as of February 11, 2010 (the “Offer to Purchase”). The purchase price to be paid upon the successful closing of the cash tender offer is $65.50 per share in cash, without interest and less any required withholding tax, subject to the terms and conditions set forth in the Offer to Purchase, as amended. The offer is scheduled to expire at midnight, New York City time, on Friday, December 17, 2010, unless further extended in the manner set forth in the Offer to Purchase.

This communication does not constitute an offer to buy or solicitation of an offer to sell any securities. The tender offer is being made pursuant to a tender offer statement on Schedule TO (including the Offer to Purchase, a related letter of transmittal and other offer materials) filed by Air Products with the U.S. Securities and Exchange Commission (“SEC”) on February 11, 2010. INVESTORS AND SECURITY HOLDERS OF AIRGAS ARE URGED TO READ THESE AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and security holders can obtain free copies of these documents and other documents filed with the SEC by Air Products through the web site maintained by the SEC at http://www.sec.gov. The Offer to Purchase and related materials may also be obtained for free by contacting the Information Agent for the tender offer, MacKenzie Partners, Inc., at 212-929-5500 or toll-free at 800-322-2885.

Air Products Marks 70 Years of Innovation

Thu, 25 Nov 2010 00:00:00 -0500

In 1940 a gases salesman founded Air Products on a concept that forever changed the industrial gas industry: building oxygen gas-generating facilities adjacent to large-volume gas users and reducing distribution costs. Since then it’s clear to see that innovation continues to be a key driving force with the launch of industry-defining designs such as the Integra® gas cylinder range and the Freshline® DM tunnel freezer.

In 2010, the company announced annual sales of $9,026 million, a long way from the $5 million net sales reported in 1945 - five years after Air Products was established. Growth enabled by a simple concept; leveraging research and development capabilities to develop solutions that directly support customers, their customers and the evolution of the industry as a whole.

Graham Rhodes, Vice President Liquid Bulk & Regional Executive – Air Products Europe, said: “Our world class R&D experts work closely with customers to understand their needs and everyday challenges. As well as innovative products and offerings, Air Products is also fast becoming a key player in developing economically viable hydrogen as an alternative fuel; today we’re not only serving our customers, but helping the world tackle the challenges of climate change and pollution.

“It’s been an impressive 70 years for Air Products. Sometimes you have to look back to look forward and as a business we are celebrating this important milestone and using it as an opportunity to refocus on our future, for which, innovation is key.”

Air Products’ global R&D experts have developed a wide range of innovative products and solutions that have since become market leaders and gained recognition as iconic designs that industrial gas users around the world use every day. Innovation claims to fame include:

During World War II, Air Products diverted its attention to the design and manufacture of mobile generators to produce oxygen for use by the military during high-altitude flights.
Following the launch of Sputnik in the US in 1957, Air Products won the race to develop a new rocket propellant – liquid hydrogen – for the Air Force and later NASA to use.
In the 1960s, Air Products developed a process for the recovery of helium from natural gas, along with the process to liquefy natural gas and the heat exchanger for compressing it.
Applying its expertise in cryogenic technology, Air Products developed the first liquid nitrogen food freezing tunnel, known as the Cryo Quick Tunnel in the 1960s, at a time when demand for frozen and convenience foods was growing rapidly. 45 years on, one of Air Products’ latest innovations is the Freshline® DM tunnel freezer, which is capable of freezing up to 1,800 kg of individual quick frozen (IQF) product per hour.
Introduced over 40 years ago, Air Products’ ground-breaking chemical additives - Surfynol® surfactants - enabled industrial coatings formulators to replace many solvent based materials, such as paint with water-based systems.
In the early 1990s, Air Products developed an innovative cryogenic condensation system used to recover pollutants from old fridges and freezers. At around the same time, the company developed PolarSnow® technology, used to manufacture a realistic snow product used by the leisure industry and for various product-testing applications.
Experts in the application of cryogenic technology, Air Products supplies liquid nitrogen to many different industries. For example, it is used to create an extremely cold environment for use when testing aerospace technologies.
The Integra® gas cylinder range and Air Products’ BIP® technology, were designed, developed and introduced to the industrial gases market in the early 2000s. They have since become the products of choice for a wide range of cylinder gas users from metal fabricators to laboratory analysts. The Integra® cylinders are much smaller - about half the size of traditional industrial gas cylinders – and have an in-built regulator as well as a number of safety features. Following its introduction, the Integra® cylinder range won a Queen’s Award for Innovation and also gained the TUV product validation mark.
Air Products is the world leader in hydrogen infrastructure development and supplies hydrogen to more fuelling stations globally than anyone else. In Europe, Air Products was responsible for installing the UK’s first permanent hydrogen fuelling station at the University of Birmingham in 2008. The hydrogen-fuelled future is also underway in Spain and Germany, where a number of transport trials are in progress and a project backed by the European Commission in Italy has completed a test flight of a hydrogen-fuelled aircraft.
Air Products Healthcare has developed a specialist range of lightweight 1L and 2L gas cylinders for use by patients receiving treatment for respiratory conditions at home. The portability and ease-of-use of the cylinders has brought life-enhancing benefits to more than 325,000 patients in Europe.
Air Products is leading the development of new generation of additives, including waterborne epoxy curing agents and surfactant technologies, used in the production of high performance coatings, used in many industries including construction. The latest range of waterborne epoxy curing agents is paving the way for the world’s first VOC-free coating systems.

For more information about Air Products through the ages visit www.airproducts.com/AboutUs/company_history.htm.

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. In fiscal 2010, Air Products had revenues of $9 billion, operations in over 40 countries, and 18,300 employees around the globe. For more information, visit www.airproducts.com.

Media Enquiries:
Christine Smart or Hannah Pries
Smarts
Tel: 0121 456 3199
Email: christine.smart@smarts.co.uk

Air Products Responds to Delaware Supreme Court Decision

Tue, 23 Nov 2010 00:00:00 -0500

Air Products (NYSE: APD) today issued the following statement in response to the Delaware Supreme Court’s decision to overturn the previous decision by the Delaware Chancery Court validating a by-law approved by shareholders of Airgas, Inc. (NYSE: ARG) that requires Airgas to hold its next annual meeting in January 2011:

“We are disappointed that the Delaware Supreme Court has overturned the by-law approved by Airgas shareholders. Airgas shareholders have been disenfranchised and have lost hundreds of millions of dollars in market value as a result.”

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. In fiscal 2010, Air Products had revenues of $9 billion, operations in over 40 countries, and 18,300 employees around the globe. For more information, visit www.airproducts.com.

ADDITIONAL INFORMATION
On February 11, 2010, Air Products Distribution, Inc. (“Purchaser”), a wholly owned subsidiary of Air Products and Chemicals, Inc. (“Air Products”), commenced a cash tender offer for all the outstanding shares of common stock of Airgas, Inc. (“Airgas”) not already owned by Air Products, subject to the terms and conditions set forth in the Offer to Purchase dated as of February 11, 2010 (the “Offer to Purchase”). The purchase price to be paid upon the successful closing of the cash tender offer is $65.50 per share in cash, without interest and less any required withholding tax, subject to the terms and conditions set forth in the Offer to Purchase, as amended. The offer is scheduled to expire at midnight, New York City time, on Friday, December 3, 2010, unless further extended in the manner set forth in the Offer to Purchase.

This communication does not constitute an offer to buy or solicitation of an offer to sell any securities. The tender offer is being made pursuant to a tender offer statement on Schedule TO (including the Offer to Purchase, a related letter of transmittal and other offer materials) filed by Air Products with the U.S. Securities and Exchange Commission (“SEC”) on February 11, 2010.INVESTORS AND SECURITY HOLDERS OF AIRGAS ARE URGED TO READ THESE AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and security holders can obtain free copies of these documents and other documents filed with the SEC by Air Products through the web site maintained by the SEC at http://www.sec.gov. The Offer to Purchase and related materials may also be obtained for free by contacting the Information Agent for the tender offer, MacKenzie Partners, Inc., at 212-929-5500 or toll-free at 800-322-2885.

Air Products intends to file a proxy statement with the SEC in connection with the solicitation of proxies for the annual meeting of Airgas stockholders to be held on January 18, 2011. Any definitive proxy statement will be mailed to stockholders of Airgas.INVESTORS AND SECURITY HOLDERS OF AIRGAS ARE URGED TO READ THE PROXY STATEMENT AND OTHER DOCUMENTS RELATED TO THE SOLICITATION AND FILED WITH THE SEC CAREFULLYIN THEIR ENTIRETY AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of these documents (if and when available) and other documents filed with the SEC by Air Products through the web site maintained by the SEC at http://www.sec.gov. These materials may also be obtained for free (if and when available) by contacting Air Products’ proxy solicitor, MacKenzie Partners, Inc., at 212-929-5500 or toll-free at 800-322-2885.

CERTAIN INFORMATION REGARDING PARTICIPANTS
Air Products, Purchaser, and certain of their respective directors and executive officers and the Air Products nominees for election at Airgas’s January 2011 annual meeting may be deemed to be participants in the proposed transaction under the rules of the SEC. Security holders may obtain information regarding the names, affiliations and interests of Air Products’ directors and executive officers in Air Products’ Annual Report on Form 10-K for the year ended September 30, 2009, which was filed with the SEC on November 25, 2009, and its proxy statement for Air Products’ 2010 Annual Meeting, which was filed with the SEC on December 10, 2009; and of Purchaser’s directors and executive officers in the Offer to Purchase. Information about the Air Products nominees will be included in the proxy statement Air Products intends to file with the SEC. These documents can be obtained free of charge from the sources indicated above. Additional information regarding the interests of these participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will also be included in any proxy statement and other relevant materials to be filed with the SEC when they become available.

Air Products 2010 Chairman’s Award of Excellence Presented to Sang Lee

Wed, 03 Nov 2010 00:00:00 -0400

Sang Lee of Air Products (NYSE: APD) was joined by family, friends, co-workers and the company chairman at a dinner last week honoring his selection as the 2010 recipient of the Chairman’s Award of Excellence. Chairman and CEO John McGlade lauded Lee for his leadership and innovation in adsorption-based air separation technology, contributing to sales of nearly half a billion dollars during his 20-year tenure with the company. Lee is an Allentown, Pa.-based process engineering manager in Air Products’ Generated Gases business, who has been instrumental in developing the company’s growing onsite generated gas supply systems in the U.S., Korea and China. He is recognized as one of the world’s leading technologists in this area with six U.S. patents and three pending.

“Sang has actively promoted and advanced the innovation process in our company,” McGlade said. “He is valued for his perspective, skill, energy and results. Sang is a true ambassador for Air Products who believes in our people, technology, teamwork and a customer-focused approach. We’re proud to have him on our team, and we thank him for his great contributions to Air Products.”

The Chairman's Award for Excellence was established in 1988 to honor significant contributions of employees towards the realization of corporate goals. Winners are selected by the chairman based on nominations proposed by a committee comprised of senior company officials. Lee received $75,000 in cash and company stock, and was presented with a sculpture symbolizing the technology for air separation engraved with the Latin title Caelum Aratro Findimus, translated as “To Cleave the Sky.”

A native of Korea, Lee, his wife Youn and two children reside in Breinigsville, Pa.

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 had fiscal 2010 revenues of $9 billion, operations in over 40 countries, and 18,300 employees around the globe. For more information, visit www.airproducts.com.

Air Products Extends Tender Offer to Acquire Airgas

Wed, 27 Oct 2010 00:00:00 -0400

Air Products (NYSE: APD) today announced that it has extended the expiration date of its tender offer for all outstanding common shares of Airgas, Inc. (NYSE: ARG) for $65.50 per share in cash. The offer and withdrawal rights are now scheduled to expire at 12:00 midnight New York City time on December 3, 2010, unless further extended. The tender offer was previously scheduled to expire on October 29, 2010.

Except for the extension of the tender offer expiration date, all other terms and conditions of the offer remain unchanged. As of the close of business on Tuesday, October 26, 2010, approximately 1,884,427 shares of Airgas common stock had been validly tendered into and not withdrawn from the offer.

Airgas’ stockholders may obtain copies of all of the offering documents free of charge at the SEC’s website (www.sec.gov) or by directing a request to MacKenzie Partners, Inc., the Information Agent for the offer, at 212-929-5500 or toll-free at 800-322-2885. Additional information about the transaction, including the offering documents, is also available at www.airproducts.com/airgasoffer.

Air Products’ financial advisors are J. P. Morgan Securities Inc. and Perella Weinberg Partners, its legal advisors are Cravath, Swaine & Moore LLP and Arnold & Porter, and its information agent is MacKenzie Partners, Inc.

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. In fiscal 2010, Air Products had revenues of $9 billion, operations in over 40 countries, and 18,300 employees around the globe. For more information, visit www.airproducts.com.

ADDITIONAL INFORMATION
On February 11, 2010, Air Products Distribution, Inc. (“Purchaser”), a wholly owned subsidiary of Air Products and Chemicals, Inc. (“Air Products”), commenced a cash tender offer for all the outstanding shares of common stock of Airgas, Inc. (“Airgas”) not already owned by Air Products, subject to the terms and conditions set forth in the Offer to Purchase dated as of February 11, 2010 (the “Offer to Purchase”). The purchase price to be paid upon the successful closing of the cash tender offer is $65.50 per share in cash, without interest and less any required withholding tax, subject to the terms and conditions set forth in the Offer to Purchase, as amended. The offer is scheduled to expire at midnight, New York City time, on Friday, December 3, 2010, unless further extended in the manner set forth in the Offer to Purchase.

This communication does not constitute an offer to buy or solicitation of an offer to sell any securities. The tender offer is being made pursuant to a tender offer statement on Schedule TO (including the Offer to Purchase, a related letter of transmittal and other offer materials) filed by Air Products with the U.S. Securities and Exchange Commission (“SEC”) on February 11, 2010.INVESTORS AND SECURITY HOLDERS OF AIRGAS ARE URGED TO READ THESE AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and security holders can obtain free copies of these documents and other documents filed with the SEC by Air Products through the web site maintained by the SEC at http://www.sec.gov. The Offer to Purchase and related materials may also be obtained for free by contacting the Information Agent for the tender offer, MacKenzie Partners, Inc., at 212-929-5500 or toll-free at 800-322-2885.

Air Products intends to file a proxy statement with the SEC in connection with the solicitation of proxies for the annual meeting of Airgas stockholders to be held on January 18, 2011. Any definitive proxy statement will be mailed to stockholders of Airgas.INVESTORS AND SECURITY HOLDERS OF AIRGAS ARE URGED TO READ THE PROXY STATEMENT AND OTHER DOCUMENTS RELATED TO THE SOLICITATION AND FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of these documents (if and when available) and other documents filed with the SEC by Air Products through the web site maintained by the SEC at http://www.sec.gov. These materials may also be obtained for free (if and when available) by contacting Air Products’ proxy solicitor, MacKenzie Partners, Inc., at 212-929-5500 or toll-free at 800-322-2885.

CERTAIN INFORMATION REGARDING PARTICIPANTS
Air Products, Purchaser, and certain of their respective directors and executive officers and the Air Products nominees for election at Airgas’s January 2011 annual meeting may be deemed to be participants in the proposed transaction under the rules of the SEC. Security holders may obtain information regarding the names, affiliations and interests of Air Products’ directors and executive officers in Air Products’ Annual Report on Form 10-K for the year ended September 30, 2009, which was filed with the SEC on November 25, 2009, and its proxy statement for Air Products’ 2010 Annual Meeting, which was filed with the SEC on December 10, 2009; and of Purchaser’s directors and executive officers in the Offer to Purchase. Information about the Air Products nominees will be included in the proxy statement Air Products intends to file with the SEC. These documents can be obtained free of charge from the sources indicated above. Additional information regarding the interests of these participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will also be included in any proxy statement and other relevant materials to be filed with the SEC when they become available.

Air Products Issues Statement

Tue, 26 Oct 2010 00:00:00 -0400

Air Products (NYSE: APD) today issued the following statement in response to the release of Airgas, Inc.’s (NYSE: ARG) fiscal 2011 second quarter earnings and letter to Air Products’ CEO.

“There is nothing in the Airgas earnings or letter that changes our view of value. It is time for the Airgas Board either to negotiate with us or terminate the Company’s poison pill and let Airgas shareholders decide for themselves.”

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. In fiscal 2010, Air Products had revenues of $9 billion, operations in over 40 countries, and 18,300 employees around the globe. For more information, visit www.airproducts.com.

ADDITIONAL INFORMATION
On February 11, 2010, Air Products Distribution, Inc. (“Purchaser”), a wholly owned subsidiary of Air Products and Chemicals, Inc. (“Air Products”), commenced a cash tender offer for all the outstanding shares of common stock of Airgas, Inc. (“Airgas”) not already owned by Air Products, subject to the terms and conditions set forth in the Offer to Purchase dated as of February 11, 2010 (the “Offer to Purchase”). The purchase price to be paid upon the successful closing of the cash tender offer is $65.50 per share in cash, without interest and less any required withholding tax, subject to the terms and conditions set forth in the Offer to Purchase, as amended. The offer is scheduled to expire at midnight, New York City time, on Friday, October 29, 2010, unless further extended in the manner set forth in the Offer to Purchase.

This communication does not constitute an offer to buy or solicitation of an offer to sell any securities. The tender offer is being made pursuant to a tender offer statement on Schedule TO (including the Offer to Purchase, a related letter of transmittal and other offer materials) filed by Air Products with the U.S. Securities and Exchange Commission (“SEC”) on February 11, 2010.INVESTORS AND SECURITY HOLDERS OF AIRGAS ARE URGED TO READ THESE AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and security holders can obtain free copies of these documents and other documents filed with the SEC by Air Products through the web site maintained by the SEC at http://www.sec.gov. The Offer to Purchase and related materials may also be obtained for free by contacting the Information Agent for the tender offer, MacKenzie Partners, Inc., at 212-929-5500 or toll-free at 800-322-2885.

Air Products intends to file a proxy statement with the SEC in connection with the solicitation of proxies for the annual meeting of Airgas stockholders to be held on January 18, 2011. Any definitive proxy statement will be mailed to stockholders of Airgas.INVESTORS AND SECURITY HOLDERS OF AIRGAS ARE URGED TO READ THE PROXY STATEMENT AND OTHER DOCUMENTS RELATED TO THE SOLICITATION AND FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of these documents (if and when available) and other documents filed with the SEC by Air Products through the web site maintained by the SEC at http://www.sec.gov. These materials may also be obtained for free (if and when available) by contacting Air Products’ proxy solicitor, MacKenzie Partners, Inc., at 212-929-5500 or toll-free at 800-322-2885.

CERTAIN INFORMATION REGARDING PARTICIPANTS
Air Products, Purchaser, and certain of their respective directors and executive officers and the Air Products nominees for election at Airgas’s January 2011 annual meeting may be deemed to be participants in the proposed transaction under the rules of the SEC. Security holders may obtain information regarding the names, affiliations and interests of Air Products’ directors and executive officers in Air Products’ Annual Report on Form 10-K for the year ended September 30, 2009, which was filed with the SEC on November 25, 2009, and its proxy statement for Air Products’ 2010 Annual Meeting, which was filed with the SEC on December 10, 2009; and of Purchaser’s directors and executive officers in the Offer to Purchase. Information about the Air Products nominees will be included in the proxy statement Air Products intends to file with the SEC. These documents can be obtained free of charge from the sources indicated above. Additional information regarding the interests of these participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will also be included in any proxy statement and other relevant materials to be filed with the SEC when they become available.

Air Products Responds to Airgas’s Intention to Appeal Delaware Court Decision to Uphold Adoption of Airgas January Annual Meeting Bylaw

Mon, 11 Oct 2010 00:00:00 -0400

Air Products (NYSE: APD) today issued the following statement in response to Airgas’s announcement of its intention to challenge the decision issued on October 8, 2010 by the Delaware Chancery Court. Chancellor William B. Chandler III ruled that the bylaw providing for the next Airgas, Inc. (NYSE: ARG) Annual Meeting to be held on January 18, 2011 was properly adopted at the Airgas 2010 Annual Meeting on September 15 and that it is valid under Delaware law.

“While we are pleased with the Court’s decision, we are disappointed that Airgas continues to oppose the will of its shareholders, as expressed at Airgas’s September 15 Annual Meeting, and now intends to oppose the ruling by Chancellor Chandler regarding the validity of Air Products’ properly approved bylaw. As always, Air Products stands ready to meet with Airgas, its directors and advisors, to exchange information and to negotiate a mutually beneficial transaction. We remain convinced that such a meeting is in the best interests of both companies’ shareholders.”

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. In fiscal 2009, Air Products had revenues of $8.3 billion, operations in over 40 countries, and 18,900 employees around the globe. For more information, visit www.airproducts.com.

ADDITIONAL INFORMATION
On February 11, 2010, Air Products Distribution, Inc. (“Purchaser”), a wholly owned subsidiary of Air Products and Chemicals, Inc. ("Air Products"), commenced a cash tender offer for all the outstanding shares of common stock of Airgas, Inc. ("Airgas") not already owned by Air Products, subject to the terms and conditions set forth in the Offer to Purchase dated as of February 11, 2010 (the "Offer to Purchase"). The purchase price to be paid upon the successful closing of the cash tender offer is $65.50 per share in cash, without interest and less any required withholding tax, subject to the terms and conditions set forth in the Offer to Purchase, as amended. The offer is scheduled to expire at midnight, New York City time, on Friday, October 29, 2010, unless further extended in the manner set forth in the Offer to Purchase.

This communication does not constitute an offer to buy or solicitation of an offer to sell any securities. The tender offer is being made pursuant to a tender offer statement on Schedule TO (including the Offer to Purchase, a related letter of transmittal and other offer materials) filed by Air Products with the U.S. Securities and Exchange Commission (“SEC”) on February 11, 2010. INVESTORS AND SECURITY HOLDERS OF AIRGAS ARE URGED TO READ THESE AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and security holders can obtain free copies of these documents and other documents filed with the SEC by Air Products through the web site maintained by the SEC at http://www.sec.gov. The Offer to Purchase and related materials may also be obtained for free by contacting the Information Agent for the tender offer, MacKenzie Partners, Inc., at 212-929-5500 or toll-free at 800-322-2885.

Air Products has filed a definitive proxy statement on Schedule 14A dated July 29, 2010 with the SEC in connection with the solicitation of proxies for the 2010 annual meeting of Airgas stockholders. The definitive proxy statement has been mailed to shareholders of Airgas. INVESTORS AND SECURITY HOLDERS OF AIRGAS ARE URGED TO READ THE PROXY STATEMENT AND OTHER DOCUMENTS RELATED TO THE SOLICITATION AND FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of these documents (if and when available) and other documents filed with the SEC by Air Products through the web site maintained by the SEC at http://www.sec.gov. These materials may also be obtained for free by contacting Air Products’ proxy solicitor for the 2010 Airgas annual meeting, MacKenzie Partners, Inc., at 212-929-5500 or toll-free at 800-322-2885.

CERTAIN INFORMATION REGARDING PARTICIPANTS
Air Products, Purchaser, and certain of their respective directors and executive officers and the Air Products nominees may be deemed to be participants in the proposed transaction under the rules of the SEC. Security holders may obtain information regarding the names, affiliations and interests of Air Products’ directors and executive officers in Air Products’ Annual Report on Form 10-K for the year ended September 30, 2009, which was filed with the SEC on November 25, 2009, and its proxy statement for the 2010 Annual Meeting, which was filed with the SEC on December 10, 2009; and of Purchaser’s directors and executive officers in the Offer to Purchase. Information about the Air Products nominees is included in the definitive proxy statement Air Products filed with the SEC on July 29, 2010 relating to the 2010 annual meeting of Airgas stockholders. These documents can be obtained free of charge from the sources indicated above. Additional information regarding the interests of these participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, is also included in the definitive proxy statement filed by Air Products with the SEC.

FORWARD-LOOKING STATEMENTS
All statements included or incorporated by reference in this communication other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and projections about our business and industry, management’s beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as “anticipates”, “expects”, “intends”, “plans”, “predicts”, “believes”, “seeks”, “estimates”, “may”, “will”, “should”, “would”, “could”, “potential”, “continue”, “ongoing”, similar expressions, and variations or negatives of these words. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement. Important risk factors that could contribute to such differences or otherwise affect our business, results of operations and financial condition include the possibility that Air Products will not pursue a transaction with Airgas and the risk factors discussed in our Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other SEC filings. The forward-looking statements in this release speak only as of the date of this filing. We undertake no obligation to revise or update publicly any forward-looking statement, except as required by law.

Media Inquiries:
(Sard Verbinnen & Co)
George Sard
Tel: (212) 687-8080
E-mail: gsard@sardverb.com

David Reno
Tel: (212) 687-8080
E-mail: dreno@sardverb.com

Investor Inquiries:
(MacKenzie Partners)
Dan Burch
Tel: (516) 429-2721
E-mail: dburch@mackenziepartners.com

Larry Dennedy
Tel: (917) 658-2478
E-mail: ldennedy@mackenziepartners.com

Charlie Koons
Tel: (917) 545-4523
E-mail: ckoons@mackenziepartners.com

Air Products Board Elects New Director

Thu, 16 Sep 2010 00:00:00 -0400

Chadwick C. (Chad) Deaton, chairman and chief executive officer of Baker Hughes Incorporated, was elected today to Air Products’ (NYSE:APD) board of directors.

Air Products Chairman, President and Chief Executive Officer John E. McGlade stated that Deaton “will add significant value to the company through his global experience and extensive knowledge of the oil and natural gas industry.”

Deaton, 57, has served as chairman and CEO of Baker Hughes, an oilfield services company, since 2004. He began his career in 1976 as a field engineer for the Dowell Division of Dow Chemical, which was subsequently acquired by Schlumberger. During his 25 years with Schlumberger, he progressed through a variety of technical, management and executive positions both domestically and internationally. Prior to joining Baker Hughes, Deaton was president, director and CEO of Hanover Compressor Company from 2002-2004.

Deaton is a graduate of the University of Wyoming and currently serves as a director of Ariel Corporation, a private company. He also is a member of the National Petroleum Council, Society of Petroleum Engineers’ Industrial Advisory Council, and University of Wyoming Petroleum & Chemical Engineering Advisory Board. Deaton is active in numerous charitable and civic organizations, sitting on the boards of Houston Achievement Place, Junior Achievement of Southeast Texas, and the Greater Houston Partnership.

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. In fiscal 2009, Air Products had revenues of $8.3 billion, operations in over 40 countries, and 18,900 employees around the globe. For more information, visit www.airproducts.com.

NOTE: This release may contain forward-looking statements. Actual results could vary materially, due to changes in current expectations.

Airgas Shareholders Support All Air Products Nominees and Proposals at Airgas Annual Meeting

Wed, 15 Sep 2010 00:00:00 -0400

Air Products (NYSE: APD) today announced that, based on preliminary estimates, all three of its director nominees were elected to the Board of Directors of Airgas, Inc. (NYSE: ARG) at today’s Annual Meeting of Shareholders. Based on a preliminary count by Air Products’ proxy solicitor, MacKenzie Partners, Inc., John P. Clancey, Robert L. Lumpkins and Ted B. Miller, Jr., were all elected to Airgas’ board of directors.

Air Products also said that all three of its proposals were approved:

A proposal amending Airgas’ By-Laws to limit the Airgas Board’s ability to re-seat directors not elected by Airgas shareholders (excluding the Chief Executive Officer)
A proposal requiring future Airgas annual shareholder meetings, including for 2011, to be held in January
A proposal repealing all By-Law amendments adopted by the Airgas Board after April 7, 2010

John E. McGlade, Air Products’ chairman, president and chief executive officer, said, “Airgas shareholders have provided a clear mandate to negotiate a transaction, and we appreciate their support. We stand ready to negotiate immediately and call on the Airgas Board to respect the will of its shareholders. Further delay serves no purpose.”

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. In fiscal 2009, Air Products had revenues of $8.3 billion, operations in over 40 countries, and 18,900 employees around the globe. For more information, visit www.airproducts.com.

ADDITIONAL INFORMATION
On February 11, 2010, Air Products Distribution, Inc. (“Purchaser”), a wholly owned subsidiary of Air Products and Chemicals, Inc. ("Air Products"), commenced a cash tender offer for all the outstanding shares of common stock of Airgas, Inc. ("Airgas") not already owned by Air Products, subject to the terms and conditions set forth in the Offer to Purchase dated as of February 11, 2010 (the "Offer to Purchase"). The purchase price to be paid upon the successful closing of the cash tender offer is $65.50 per share in cash, without interest and less any required withholding tax, subject to the terms and conditions set forth in the Offer to Purchase, as amended. The offer is scheduled to expire at midnight, New York City time, on Friday, October 29, 2010, unless further extended in the manner set forth in the Offer to Purchase.

This communication does not constitute an offer to buy or solicitation of an offer to sell any securities. The tender offer is being made pursuant to a tender offer statement on Schedule TO (including the Offer to Purchase, a related letter of transmittal and other offer materials) filed by Air Products with the U.S. Securities and Exchange Commission (“SEC”) on February 11, 2010.INVESTORS AND SECURITY HOLDERS OF AIRGAS ARE URGED TO READ THESE AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and security holders can obtain free copies of these documents and other documents filed with the SEC by Air Products through the web site maintained by the SEC at http://www.sec.gov. The Offer to Purchase and related materials may also be obtained for free by contacting the Information Agent for the tender offer, MacKenzie Partners, Inc., at 212-929-5500 or toll-free at 800-322-2885.

Air Products has filed a definitive proxy statement on Schedule 14A dated July 29, 2010 with the SEC in connection with the solicitation of proxies for the 2010 annual meeting of Airgas stockholders. The definitive proxy statement has been mailed to shareholders of Airgas. INVESTORS AND SECURITY HOLDERS OF AIRGAS ARE URGED TO READ THE PROXY STATEMENT AND OTHER DOCUMENTS RELATED TO THE SOLICITATION AND FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of these documents (if and when available) and other documents filed with the SEC by Air Products through the web site maintained by the SEC at http://www.sec.gov. These materials may also be obtained for free by contacting Air Products’ proxy solicitor for the 2010 Airgas annual meeting, MacKenzie Partners, Inc., at 212-929-5500 or toll-free at 800-322-2885.

CERTAIN INFORMATION REGARDING PARTICIPANTS
Air Products, Purchaser, and certain of their respective directors and executive officers and the Air Products nominees may be deemed to be participants in the proposed transaction under the rules of the SEC. Security holders may obtain information regarding the names, affiliations and interests of Air Products’ directors and executive officers in Air Products’ Annual Report on Form 10-K for the year ended September 30, 2009, which was filed with the SEC on November 25, 2009, and its proxy statement for the 2010 Annual Meeting, which was filed with the SEC on December 10, 2009; and of Purchaser’s directors and executive officers in the Offer to Purchase. Information about the Air Products nominees is included in the definitive proxy statement Air Products filed with the SEC on July 29, 2010 relating to the 2010 annual meeting of Airgas stockholders. These documents can be obtained free of charge from the sources indicated above. Additional information regarding the interests of these participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, is also included in the definitive proxy statement filed by Air Products with the SEC.

FORWARD-LOOKING STATEMENTS
All statements included or incorporated by reference in this communication other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and projections about our business and industry, management’s beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as “anticipates”, “expects”, “intends”, “plans”, “predicts”, “believes”, “seeks”, “estimates”, “may”, “will”, “should”, “would”, “could”, “potential”, “continue”, “ongoing”, similar expressions, and variations or negatives of these words. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement. Important risk factors that could contribute to such differences or otherwise affect our business, results of operations and financial condition include the possibility that Air Products will not pursue a transaction with Airgas and the risk factors discussed in our Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other SEC filings. The forward-looking statements in this release speak only as of the date of this filing. We undertake no obligation to revise or update publicly any forward-looking statement, except as required by law.

Media Inquiries:
(Sard Verbinnen & Co)
George Sard
Tel: (212) 687-8080

David Reno
Tel: (212) 687-8080

Investor Inquiries:
(MacKenzie Partners)
Dan Burch
Tel: (516) 429-2721

Larry Dennedy
Tel: (917) 658-2478

Charlie Koons
Tel: (917) 545-4523

Air Products Comments On Airgas’ Attempt To Invalidate Airgas Shareholder Vote On By-law Amendments

Wed, 15 Sep 2010 00:00:00 -0400

Air Products (NYSE: APD) today issued the following statement in response to litigation filed today by Airgas, Inc. (NYSE: ARG) with the Delaware Chancery Court regarding the outcome of today’s Airgas Annual Meeting. Airgas is attempting to invalidate a vote of its own shareholders who today approved a set of by-law proposals, including a new by-law requiring Airgas to hold its next annual meeting in January 2011.

“Airgas’ lawsuit is completely without merit. Today the Airgas shareholders determined the date of the next Airgas annual meeting. The Airgas Board should respect the will of its shareholders, drop this baseless litigation and begin negotiations with us immediately. Airgas shareholders had a chance to speak today and provided a clear mandate to negotiate a transaction; their will should be respected.”

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. In fiscal 2009, Air Products had revenues of $8.3 billion, operations in over 40 countries, and 18,900 employees around the globe. For more information, visit www.airproducts.com.

ADDITIONAL INFORMATION
On February 11, 2010, Air Products Distribution, Inc. (“Purchaser”), a wholly owned subsidiary of Air Products and Chemicals, Inc. ("Air Products"), commenced a cash tender offer for all the outstanding shares of common stock of Airgas, Inc. ("Airgas") not already owned by Air Products, subject to the terms and conditions set forth in the Offer to Purchase dated as of February 11, 2010 (the "Offer to Purchase"). The purchase price to be paid upon the successful closing of the cash tender offer is $65.50 per share in cash, without interest and less any required withholding tax, subject to the terms and conditions set forth in the Offer to Purchase, as amended. The offer is scheduled to expire at midnight, New York City time, on Friday, October 29, 2010, unless further extended in the manner set forth in the Offer to Purchase.

This communication does not constitute an offer to buy or solicitation of an offer to sell any securities. The tender offer is being made pursuant to a tender offer statement on Schedule TO (including the Offer to Purchase, a related letter of transmittal and other offer materials) filed by Air Products with the U.S. Securities and Exchange Commission (“SEC”) on February 11, 2010.INVESTORS AND SECURITY HOLDERS OF AIRGAS ARE URGED TO READ THESE AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and security holders can obtain free copies of these documents and other documents filed with the SEC by Air Products through the web site maintained by the SEC at http://www.sec.gov. The Offer to Purchase and related materials may also be obtained for free by contacting the Information Agent for the tender offer, MacKenzie Partners, Inc., at 212-929-5500 or toll-free at 800-322-2885.

Air Products has filed a definitive proxy statement on Schedule 14A dated July 29, 2010 with the SEC in connection with the solicitation of proxies for the 2010 annual meeting of Airgas stockholders. The definitive proxy statement has been mailed to shareholders of Airgas. INVESTORS AND SECURITY HOLDERS OF AIRGAS ARE URGED TO READ THE PROXY STATEMENT AND OTHER DOCUMENTS RELATED TO THE SOLICITATION AND FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of these documents (if and when available) and other documents filed with the SEC by Air Products through the web site maintained by the SEC at http://www.sec.gov. These materials may also be obtained for free by contacting Air Products’ proxy solicitor for the 2010 Airgas annual meeting, MacKenzie Partners, Inc., at 212-929-5500 or toll-free at 800-322-2885.

CERTAIN INFORMATION REGARDING PARTICIPANTS
Air Products, Purchaser, and certain of their respective directors and executive officers and the Air Products nominees may be deemed to be participants in the proposed transaction under the rules of the SEC. Security holders may obtain information regarding the names, affiliations and interests of Air Products’ directors and executive officers in Air Products’ Annual Report on Form 10-K for the year ended September 30, 2009, which was filed with the SEC on November 25, 2009, and its proxy statement for the 2010 Annual Meeting, which was filed with the SEC on December 10, 2009; and of Purchaser’s directors and executive officers in the Offer to Purchase. Information about the Air Products nominees is included in the definitive proxy statement Air Products filed with the SEC on July 29, 2010 relating to the 2010 annual meeting of Airgas stockholders. These documents can be obtained free of charge from the sources indicated above. Additional information regarding the interests of these participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, is also included in the definitive proxy statement filed by Air Products with the SEC.

FORWARD-LOOKING STATEMENTS
All statements included or incorporated by reference in this communication other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and projections about our business and industry, management’s beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as “anticipates”, “expects”, “intends”, “plans”, “predicts”, “believes”, “seeks”, “estimates”, “may”, “will”, “should”, “would”, “could”, “potential”, “continue”, “ongoing”, similar expressions, and variations or negatives of these words. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement. Important risk factors that could contribute to such differences or otherwise affect our business, results of operations and financial condition include the possibility that Air Products will not pursue a transaction with Airgas and the risk factors discussed in our Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other SEC filings. The forward-looking statements in this release speak only as of the date of this filing. We undertake no obligation to revise or update publicly any forward-looking statement, except as required by law.

Media Inquiries:
(Sard Verbinnen & Co)
George Sard
Tel: (212) 687-8080

David Reno
Tel: (212) 687-8080

Investor Inquiries:
(MacKenzie Partners)
Larry Dennedy
Tel: (917) 658-2478

Charlie Koons
Tel: (917) 545-4523

Federal Trade Commission Accepts Air Products’ Consent Decree for Acquisition of Airgas

Thu, 09 Sep 2010 00:00:00 -0400

Air Products (NYSE: APD) today announced that the U.S. Federal Trade Commission (FTC) has accepted a Consent Decree in connection with Air Products’ proposed acquisition of Airgas, Inc. (NYSE: ARG). Final approval of the Consent Decree will be determined by the FTC after a 30-day public comment period. The waiting period under the Hart-Scott-Rodino Antitrust Improvement Act of 1976 expired yesterday, September 8, 2010.

The Consent Decree permits Air Products to acquire Airgas subject to the divestiture of certain assets and permits, for a period of time, the closing of the acquisition prior to completion of the divestiture. The assets to be divested relate primarily to Airgas’ liquid bulk and on-site supply of atmospheric gases, including production and related assets.

John E. McGlade, Air Products chairman, president and chief executive officer, said, “We are pleased the FTC has accepted the Consent Decree with respect to our acquisition of Airgas. All of the principal conditions to completing a transaction with Airgas have been satisfied. The only thing standing in the way of Airgas shareholders receiving a substantial premium for their shares now is the continued refusal of the Airgas Board to engage with Air Products on any level.”

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. In fiscal 2009, Air Products had revenues of $8.3 billion, operations in over 40 countries, and 18,900 employees around the globe. For more information, visit www.airproducts.com.

ADDITIONAL INFORMATION
On February 11, 2010, Air Products Distribution, Inc. (“Purchaser”), a wholly owned subsidiary of Air Products and Chemicals, Inc. ("Air Products"), commenced a cash tender offer for all the outstanding shares of common stock of Airgas, Inc. ("Airgas") not already owned by Air Products, subject to the terms and conditions set forth in the Offer to Purchase dated as of February 11, 2010 (the "Offer to Purchase"). The purchase price to be paid upon the successful closing of the cash tender offer is $65.50 per share in cash, without interest and less any required withholding tax, subject to the terms and conditions set forth in the Offer to Purchase, as amended. The offer is scheduled to expire at midnight, New York City time, on Friday, October 29, 2010, unless further extended in the manner set forth in the Offer to Purchase.

This communication does not constitute an offer to buy or solicitation of an offer to sell any securities. The tender offer is being made pursuant to a tender offer statement on Schedule TO (including the Offer to Purchase, a related letter of transmittal and other offer materials) filed by Air Products with the U.S. Securities and Exchange Commission (“SEC”) on February 11, 2010.INVESTORS AND SECURITY HOLDERS OF AIRGAS ARE URGED TO READ THESE AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and security holders can obtain free copies of these documents and other documents filed with the SEC by Air Products through the web site maintained by the SEC at http://www.sec.gov. The Offer to Purchase and related materials may also be obtained for free by contacting the Information Agent for the tender offer, MacKenzie Partners, Inc., at 212-929-5500 or toll-free at 800-322-2885.

Air Products has filed a definitive proxy statement on Schedule 14A dated July 29, 2010 with the SEC in connection with the solicitation of proxies for the 2010 annual meeting of Airgas stockholders. The definitive proxy statement has been mailed to shareholders of Airgas. INVESTORS AND SECURITY HOLDERS OF AIRGAS ARE URGED TO READ THE PROXY STATEMENT AND OTHER DOCUMENTS RELATED TO THE SOLICITATION AND FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of these documents (if and when available) and other documents filed with the SEC by Air Products through the web site maintained by the SEC at http://www.sec.gov. These materials may also be obtained for free by contacting Air Products’ proxy solicitor for the 2010 Airgas annual meeting, MacKenzie Partners, Inc., at 212-929-5500 or toll-free at 800-322-2885.

CERTAIN INFORMATION REGARDING PARTICIPANTS
Air Products, Purchaser, and certain of their respective directors and executive officers and the Air Products nominees may be deemed to be participants in the proposed transaction under the rules of the SEC. Security holders may obtain information regarding the names, affiliations and interests of Air Products’ directors and executive officers in Air Products’ Annual Report on Form 10-K for the year ended September 30, 2009, which was filed with the SEC on November 25, 2009, and its proxy statement for the 2010 Annual Meeting, which was filed with the SEC on December 10, 2009; and of Purchaser’s directors and executive officers in the Offer to Purchase. Information about the Air Products nominees is included in the definitive proxy statement Air Products filed with the SEC on July 29, 2010 relating to the 2010 annual meeting of Airgas stockholders. These documents can be obtained free of charge from the sources indicated above. Additional information regarding the interests of these participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, is also included in the definitive proxy statement filed by Air Products with the SEC.

FORWARD-LOOKING STATEMENTS
All statements included or incorporated by reference in this communication other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and projections about our business and industry, management’s beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as “anticipates”, “expects”, “intends”, “plans”, “predicts”, “believes”, “seeks”, “estimates”, “may”, “will”, “should”, “would”, “could”, “potential”, “continue”, “ongoing”, similar expressions, and variations or negatives of these words. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement. Important risk factors that could contribute to such differences or otherwise affect our business, results of operations and financial condition include the possibility that Air Products will not pursue a transaction with Airgas and the risk factors discussed in our Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other SEC filings. The forward-looking statements in this release speak only as of the date of this filing. We undertake no obligation to revise or update publicly any forward-looking statement, except as required by law.

Air Products Comments on ISS Recommendation That Airgas Shareholders Vote in Favor of All Air Products Nominees

Thu, 09 Sep 2010 00:00:00 -0400

Air Products (NYSE: APD) today issued the following statement regarding the report of Institutional Shareholder Services (ISS) on Air Products’ proposed acquisition of Airgas, Inc. (NYSE: ARG).

“We appreciate ISS’s support for the Air Products director nominees. The three independent nominees put forward by Air Products are highly qualified and will add much-needed perspective to the incumbent Airgas Board, which we believe is opposed to a sale of Airgas at any price.

“ISS stated in its recommendation, in direct contrast to the position of the Airgas Board, that our current $65.50 offer is indeed a ‘compelling starting point for negotiation’ and that ‘the burden now shifts to the ARG board’ to ‘engage APD in negotiation, or to open a broader sale process to maximize shareholder value.’ We once again urge the Airgas Board to sit down and begin negotiations with us immediately so we can complete this transaction and deliver a substantial premium to Airgas shareholders that maximizes value for their shares.

“We are pleased that ISS supported three of our four proposals, but believe their recommendation against our proposal to hold the next Airgas Annual Meeting in January 2011 is a serious error that fails to recognize the option value for Airgas shareholders of this meeting. In our view, ISS, which has no money at risk on September 15, does not appreciate the economic benefits to Airgas shareholders of our January by-law proposal. It will cost Airgas shareholders money if they choose to follow ISS’s misguided recommendation.

“Voting today in favor of holding the 2011 annual meeting in January empowers Airgas shareholders with an option to vote on a transaction with Air Products, or a third party, at that time. In choosing to support a meeting in January, Airgas shareholders are in no way bound to accept a transaction at a price they deem inadequate.

“Importantly, this decision by the new ISS team to recommend against a January annual meeting is inconsistent with its stated policy of opposing classified boards, which the Airgas Board is exploiting to avoid any discussions which may lead to a sale of the company.

“We believe the Airgas Board’s offer to hold a special meeting in June 2011 as a way to placate shareholders is illusory. They have made no commitment to explore a sale of the company now, or ever. With no bidders, no firm commitment to sell the company or even to seriously explore that option, and no shareholders stepping forward with director nominees, it will be business as usual at Airgas. An option in January, with Air Products still bidding, is worth far more to shareholders than an option in June with no buyers.

“We have provided Airgas shareholders with a clear path to prompt completion of a transaction at a more than 50% premium, and are ready to negotiate a deal today if they support our nominees and proposals on September 15. If they do not elect the Air Products nominees and approve all of our by-law proposals on September 15, we will terminate our offer and move on. We are confident that the owners of Airgas shares will vote in their own economic interest to maximize the value of their investment.”

Air Products urges Airgas shareholders to vote the GOLD proxy card “FOR” the three Air Products nominees and “FOR” the by-law amendments today as the Airgas Annual Meeting is only a week away on September 15, 2010.

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. In fiscal 2009, Air Products had revenues of $8.3 billion, operations in over 40 countries, and 18,900 employees around the globe. For more information, visit www.airproducts.com.

ADDITIONAL INFORMATION
On February 11, 2010, Air Products Distribution, Inc. (“Purchaser”), a wholly owned subsidiary of Air Products and Chemicals, Inc. ("Air Products"), commenced a cash tender offer for all the outstanding shares of common stock of Airgas, Inc. ("Airgas") not already owned by Air Products, subject to the terms and conditions set forth in the Offer to Purchase dated as of February 11, 2010 (the "Offer to Purchase"). The purchase price to be paid upon the successful closing of the cash tender offer is $65.50 per share in cash, without interest and less any required withholding tax, subject to the terms and conditions set forth in the Offer to Purchase, as amended. The offer is scheduled to expire at midnight, New York City time, on Friday, October 29, 2010, unless further extended in the manner set forth in the Offer to Purchase.

This communication does not constitute an offer to buy or solicitation of an offer to sell any securities. The tender offer is being made pursuant to a tender offer statement on Schedule TO (including the Offer to Purchase, a related letter of transmittal and other offer materials) filed by Air Products with the U.S. Securities and Exchange Commission (“SEC”) on February 11, 2010.INVESTORS AND SECURITY HOLDERS OF AIRGAS ARE URGED TO READ THESE AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and security holders can obtain free copies of these documents and other documents filed with the SEC by Air Products through the web site maintained by the SEC at http://www.sec.gov. The Offer to Purchase and related materials may also be obtained for free by contacting the Information Agent for the tender offer, MacKenzie Partners, Inc., at 212-929-5500 or toll-free at 800-322-2885.

Air Products has filed a definitive proxy statement on Schedule 14A dated July 29, 2010 with the SEC in connection with the solicitation of proxies for the 2010 annual meeting of Airgas stockholders. The definitive proxy statement has been mailed to shareholders of Airgas. INVESTORS AND SECURITY HOLDERS OF AIRGAS ARE URGED TO READ THE PROXY STATEMENT AND OTHER DOCUMENTS RELATED TO THE SOLICITATION AND FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of these documents (if and when available) and other documents filed with the SEC by Air Products through the web site maintained by the SEC at http://www.sec.gov. These materials may also be obtained for free by contacting Air Products’ proxy solicitor for the 2010 Airgas annual meeting, MacKenzie Partners, Inc., at 212-929-5500 or toll-free at 800-322-2885.

CERTAIN INFORMATION REGARDING PARTICIPANTS
Air Products, Purchaser, and certain of their respective directors and executive officers and the Air Products nominees may be deemed to be participants in the proposed transaction under the rules of the SEC. Security holders may obtain information regarding the names, affiliations and interests of Air Products’ directors and executive officers in Air Products’ Annual Report on Form 10-K for the year ended September 30, 2009, which was filed with the SEC on November 25, 2009, and its proxy statement for the 2010 Annual Meeting, which was filed with the SEC on December 10, 2009; and of Purchaser’s directors and executive officers in the Offer to Purchase. Information about the Air Products nominees is included in the definitive proxy statement Air Products filed with the SEC on July 29, 2010 relating to the 2010 annual meeting of Airgas stockholders. These documents can be obtained free of charge from the sources indicated above. Additional information regarding the interests of these participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, is also included in the definitive proxy statement filed by Air Products with the SEC.

FORWARD-LOOKING STATEMENTS
All statements included or incorporated by reference in this communication other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and projections about our business and industry, management’s beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as “anticipates”, “expects”, “intends”, “plans”, “predicts”, “believes”, “seeks”, “estimates”, “may”, “will”, “should”, “would”, “could”, “potential”, “continue”, “ongoing”, similar expressions, and variations or negatives of these words. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement. Important risk factors that could contribute to such differences or otherwise affect our business, results of operations and financial condition include the possibility that Air Products will not pursue a transaction with Airgas and the risk factors discussed in our Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other SEC filings. The forward-looking statements in this release speak only as of the date of this filing. We undertake no obligation to revise or update publicly any forward-looking statement, except as required by law.

Air Products Responds to Airgas Board’s Value-Destructive Tactics

Wed, 08 Sep 2010 00:00:00 -0400

Air Products (NYSE: APD) today issued the following statement in response to Airgas, Inc.’s (NYSE: ARG) latest value-destructive tactics in its continuing attempts to avoid an Airgas shareholder referendum on Air Products’ offer.

“The Airgas Board is resorting to desperate last-minute gambits that should not distract the Airgas shareholders from the real choice they face at the September 15 Airgas Annual Meeting. Air Products is offering Airgas shareholders a premium of more than 50% for their shares today, and can close a deal quickly if the Airgas Board will agree to sit down and negotiate. There is no need for further delays possibly followed by a convoluted process that destroys value for the Airgas shareholders.

“Airgas shareholders should see these latest actions by the Airgas Board as part of a continuing pattern of behavior designed to avoid a sale of Airgas at any price. The statement that $65.50 is not a ‘sensible starting point for negotiations’ makes clear that Airgas continues to have unreasonable and unsupportable value expectations. Airgas’ vague new promise to ‘explore alternatives to enhance stockholder value’ sometime before June 2011—but only if Airgas shareholders do not support Air Products’ January by-law proposal—should not fool anybody. After stonewalling for nearly a year, the Airgas Board now promises to discharge its fiduciary duties only if Airgas shareholders vote their way. This latest non-binding ‘commitment’ from the incumbent Airgas Board is further evidence that Airgas needs truly independent directors who are committed to maximizing value for Airgas shareholders.

“Today’s comments by Airgas also ring hollow regarding leveraging the company to accommodate the expected severe sell-off in Airgas stock should we withdraw our offer. Only yesterday, Airgas filed a presentation to investors touting the value Airgas could supposedly create on its own by de-leveraging. The Airgas Board cannot have it both ways.

“Air Products has provided Airgas shareholders with a clear path to completing a transaction at a substantial premium with no regulatory or financing obstacles. The only remaining obstacle is the lack of engagement by the Airgas Board. Air Products asks that Airgas shareholders send a clear and unambiguous message to the Airgas Board that they want a sale to move forward now by voting for both the Air Products nominees and by-law proposals.

“Airgas shareholders should understand that if they do not elect the Air Products nominees and approve our proposals, we will conclude that shareholders are satisfied with a minimal share repurchase at an unknown price and unknown time instead of a sale of Airgas to Air Products or a third party. In that case, we will terminate our offer and move on. We are confident Airgas shareholders will make the right choice to protect the value of their investment.”

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. In fiscal 2009, Air Products had revenues of $8.3 billion, operations in over 40 countries, and 18,900 employees around the globe. For more information, visit www.airproducts.com.

ADDITIONAL INFORMATION
On February 11, 2010, Air Products Distribution, Inc. (“Purchaser”), a wholly owned subsidiary of Air Products and Chemicals, Inc. ("Air Products"), commenced a cash tender offer for all the outstanding shares of common stock of Airgas, Inc. ("Airgas") not already owned by Air Products, subject to the terms and conditions set forth in the Offer to Purchase dated as of February 11, 2010 (the "Offer to Purchase"). The purchase price to be paid upon the successful closing of the cash tender offer is $65.50 per share in cash, without interest and less any required withholding tax, subject to the terms and conditions set forth in the Offer to Purchase, as amended. The offer is scheduled to expire at midnight, New York City time, on Friday, October 29, 2010, unless further extended in the manner set forth in the Offer to Purchase.

This communication does not constitute an offer to buy or solicitation of an offer to sell any securities. The tender offer is being made pursuant to a tender offer statement on Schedule TO (including the Offer to Purchase, a related letter of transmittal and other offer materials) filed by Air Products with the U.S. Securities and Exchange Commission (“SEC”) on February 11, 2010.INVESTORS AND SECURITY HOLDERS OF AIRGAS ARE URGED TO READ THESE AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and security holders can obtain free copies of these documents and other documents filed with the SEC by Air Products through the web site maintained by the SEC at http://www.sec.gov. The Offer to Purchase and related materials may also be obtained for free by contacting the Information Agent for the tender offer, MacKenzie Partners, Inc., at 212-929-5500 or toll-free at 800-322-2885.

Air Products has filed a definitive proxy statement on Schedule 14A dated July 29, 2010 with the SEC in connection with the solicitation of proxies for the 2010 annual meeting of Airgas stockholders. The definitive proxy statement has been mailed to shareholders of Airgas. INVESTORS AND SECURITY HOLDERS OF AIRGAS ARE URGED TO READ THE PROXY STATEMENT AND OTHER DOCUMENTS RELATED TO THE SOLICITATION AND FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of these documents (if and when available) and other documents filed with the SEC by Air Products through the web site maintained by the SEC at http://www.sec.gov. These materials may also be obtained for free by contacting Air Products’ proxy solicitor for the 2010 Airgas annual meeting, MacKenzie Partners, Inc., at 212-929-5500 or toll-free at 800-322-2885.

CERTAIN INFORMATION REGARDING PARTICIPANTS
Air Products, Purchaser, and certain of their respective directors and executive officers and the Air Products nominees may be deemed to be participants in the proposed transaction under the rules of the SEC. Security holders may obtain information regarding the names, affiliations and interests of Air Products’ directors and executive officers in Air Products’ Annual Report on Form 10-K for the year ended September 30, 2009, which was filed with the SEC on November 25, 2009, and its proxy statement for the 2010 Annual Meeting, which was filed with the SEC on December 10, 2009; and of Purchaser’s directors and executive officers in the Offer to Purchase. Information about the Air Products nominees is included in the definitive proxy statement Air Products filed with the SEC on July 29, 2010 relating to the 2010 annual meeting of Airgas stockholders. These documents can be obtained free of charge from the sources indicated above. Additional information regarding the interests of these participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, is also included in the definitive proxy statement filed by Air Products with the SEC.

FORWARD-LOOKING STATEMENTS
All statements included or incorporated by reference in this communication other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and projections about our business and industry, management’s beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as “anticipates”, “expects”, “intends”, “plans”, “predicts”, “believes”, “seeks”, “estimates”, “may”, “will”, “should”, “would”, “could”, “potential”, “continue”, “ongoing”, similar expressions, and variations or negatives of these words. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement. Important risk factors that could contribute to such differences or otherwise affect our business, results of operations and financial condition include the possibility that Air Products will not pursue a transaction with Airgas and the risk factors discussed in our Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other SEC filings. The forward-looking statements in this release speak only as of the date of this filing. We undertake no obligation to revise or update publicly any forward-looking statement, except as required by law.