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Air Products and Chemicals, Inc

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Air Products and Chemicals, Inc - Chemicals & Materials showcase

Year Founded & Workforce

1940

15,300 Employees

Industry

Chemicals & Materials

Services

Gases
A

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Air Products and Chemicals, Inc Overview

Company Headquarters: US

Founded: 1940

Workforce: 15300

Company Working: Air Products and Chemicals, Inc is one of the leading industrial gases company in the world. The company engages in providing atmospheric and process gases, and related equipment to refining and petrochemical, metals, electronics, and food and beverage markets. The products offered by the company serve the food and beverages, medical, energy, and transportation industries. Air products has its operational units in 50 countries with more than 750 production facilities globally.

Company Snapshot

$7,820M

Revenue

15,300

Employees

1940

Founded

US

Headquarters

SWOT Analysis

Strengths

  • Growing revenue
  • Strong distribution network
  • Assets worth USD 18,467.2

Weaknesses

  • High indebtedness

Opportunities

  • Increasing production capacity initiatives
  • New project onstream leading to volume growth across regional business. For e.g.: Jazan Project

Threats

  • Unfavorable exchange rate impacting the overall sales in South Korea, China, and Taiwan.
  • Intense competition from peer competitors

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Key Developments

DateApproachDevelopment
October 2016ExpansionAir Products and Chemicals Inc, a leading industrial gases company announced to build a new large air separation unit (LASU) in Ulsan, South Korea. This development is in line with the company’s strategy to meet the increasing demand for industrial gases in the region. This expansion is scheduled to be completed by the end of 2018 with a production capacity of 1,750 tons per day of gaseous and liquefied oxygen, nitrogen, and argon.
October 2016ExpansionAir Products announced the signing of an agreement with Chemours Company FC, LLC for the supply of multiple industrial gases. In line with this agreement, the company will build, own, and operate an air separation unit in New Johnsonville, US to produce oxygen, nitrogen, and argon.
September 2015Joint ventureAir Products formed a new joint venture with Linde North America, named East Coast Nitrogen (ECN). The company announced to build a new 1,100 ton per day air separation unit (ASU) and industrial gas liquefier at this plant. This new facility will be completed by December 2018 and will produce liquid nitrogen, liquid oxygen, and liquid argon using Air Products’ latest technology.

Product Offering

  • Air Products and Chemicals, Inc
    • Gases

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Sales Revenue rose from USD 7.8 Bn in 2015 to USD 8.2 Bn in 2017.
Air Products and Chemicals, Inc — By Business Segment
Series (USD Bn)201520162017
Sales Revenue7.87.58.2

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