Industrial/Institutional Cleaning News Releaseshttp://www.airproducts.com/rss-listings/industrial-institutional-cleaning.aspxThe Latest Industrial/Institutional Cleaning News Releases from Air Productsen{4783924E-0FD6-48DE-B4D2-723AE436AEE6}http://www.airproducts.com/Company/news-center/2016/05/0506-materials-technologies-update.aspxAir Products to Sell Performance Materials Division of its Materials Technologies Segment to Evonik for $3.8 Billion; Intends to Spin-Off the Electronic Materials Division of its Materials Technologies Segment to Shareholders as Versum Materials<style> .tdinvest { PADDING-BOTTOM: 3px; PADDING-LEFT: 3px; PADDING-RIGHT: 3px; VERTICAL-ALIGN: bottom; PADDING-TOP: 3px } .tdinvest-topalign { PADDING-BOTTOM: 3px; PADDING-LEFT: 3px; PADDING-RIGHT: 3px; VERTICAL-ALIGN: top; PADDING-TOP: 3px } .tdinvest-right { TEXT-ALIGN: right; PADDING-BOTTOM: 3px; PADDING-LEFT: 3px; PADDING-RIGHT: 3px; VERTICAL-ALIGN: bottom; PADDING-TOP: 3px } .tdinvest-center { TEXT-ALIGN: center; PADDING-BOTTOM: 3px; PADDING-LEFT: 3px; PADDING-RIGHT: 3px; VERTICAL-ALIGN: bottom; PADDING-TOP: 3px } .tdinvestnotes { PADDING-BOTTOM: 3px; PADDING-LEFT: 3px; PADDING-RIGHT: 3px; VERTICAL-ALIGN: top; PADDING-TOP: 3px } .tdinvest-bottomleft { TEXT-ALIGN: left; PADDING-BOTTOM: 3px; PADDING-LEFT: 3px; PADDING-RIGHT: 3px; VERTICAL-ALIGN: bottom; PADDING-TOP: 3px } } .tdinvest-borderbottom { BORDER-BOTTOM: #d7d7d7 1px solid; PADDING-BOTTOM: 3px; PADDING-LEFT: 3px; PADDING-RIGHT: 3px; VERTICAL-ALIGN: bottom; PADDING-TOP: 3px } .tdinvest-borderbottomright { BORDER-BOTTOM: #d7d7d7 1px solid; TEXT-ALIGN: right; PADDING-BOTTOM: 3px; PADDING-LEFT: 3px; PADDING-RIGHT: 3px; VERTICAL-ALIGN: bottom; PADDING-TOP: 3px } .tdinvest-borderbottomcenter { BORDER-BOTTOM: #d7d7d7 1px solid; TEXT-ALIGN: center; PADDING-BOTTOM: 3px; PADDING-LEFT: 3px; PADDING-RIGHT: 3px; VERTICAL-ALIGN: bottom; PADDING-TOP: 3px } .tdinvest-green { PADDING-BOTTOM: 3px; PADDING-LEFT: 3px; PADDING-RIGHT: 3px; COLOR: #009a49; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; PADDING-TOP: 3px } .tdinvest-shaded { PADDING-BOTTOM: 3px; BACKGROUND-COLOR: #e4e5e5; PADDING-LEFT: 3px; PADDING-RIGHT: 3px; VERTICAL-ALIGN: bottom; PADDING-TOP: 3px } .tdinvest-shadedright { TEXT-ALIGN: right; PADDING-BOTTOM: 3px; BACKGROUND-COLOR: #e4e5e5; PADDING-LEFT: 3px; PADDING-RIGHT: 3px; VERTICAL-ALIGN: bottom; PADDING-TOP: 3px } .tdinvest-shadedcenter { TEXT-ALIGN: center; PADDING-BOTTOM: 3px; BACKGROUND-COLOR: #e4e5e5; PADDING-LEFT: 3px; PADDING-RIGHT: 3px; VERTICAL-ALIGN: bottom; PADDING-TOP: 3px } #tdinvest-borderright { BORDER-RIGHT: #d7d7d7 1px solid } .border{ border-bottom: 1px solid #d7d7d7 !important; } .shade{ background-color: #e4e5e5; } </style> <p>Air Products (NYSE:<a href="/investors/stock-information.aspx" target="_blank">APD</a>), a world-leading industrial gases company, announced that it has signed a definitive agreement today to sell the Performance Materials Division (PMD) of its Materials Technologies segment to Evonik Industries AG (EVK.DE), a world leader in specialty chemicals and materials, for $3.8 billion in cash. <br /> <br /> The sale of PMD is expected to close before the end of 2016, and is subject to regulatory approvals and customary closing conditions. Under the terms of the agreement, operational facilities, supplier contracts, labs, contracts, customers, and employees and certain legal entities associated with PMD would transfer to Evonik. Evonik intends to continue to run PMD from Allentown, Pennsylvania.<br /> <br /> Air Products also intends to spin-off its Electronic Materials Division (EMD) to shareholders as a separate public company, called Versum Materials. Air Products is on track to separate EMD by the end of September 2016 and will continue to evaluate whether debt and equity market conditions are favorable for a tax-free spin-off. <br /> <br /> Air Products has been consistently executing against its strategic, Five-Point Plan, which includes focusing on industrial gases and taking actions on non-core businesses. In September 2015, the Company announced plans to separate Materials Technologies, which includes PMD and EMD.<br /> <br /> &ldquo;The sale of PMD is consistent with the long-term strategy for Air Products that we announced in September 2014,&rdquo; said Air Products&rsquo; Chairman, President and Chief Executive Officer, <a href="/Company/about-us/leadership/seifi-ghasemi.aspx" target="_blank">Seifi Ghasemi</a>. &ldquo;I am very pleased that PMD has a great future ahead of it as a core business of a company which is even larger than Air Products. <br /> <br /> &ldquo;As for the balance of our Materials Technologies segment, I am also very excited about the future of EMD, which we currently intend to spin-off as a new, world-class public company named Versum Materials. Guillermo Novo will be the CEO of the new company, and I will be non-executive chairman of Versum Materials while maintaining my current roles at Air Products. <br /> <br /> &ldquo;As a result of these moves, Air Products will be in an even stronger position to take advantage of the exciting investment opportunities to grow our core Industrial Gases business,&rdquo; Ghasemi said.<br /> <br /> <strong> About PMD</strong><br /> PMD generated $1.04 billion in revenue and $241 million of Adjusted EBITDA over the last twelve months ending March 31, 2016*. PMD had $244 million of Adjusted EBITDA in fiscal 2015*. PMD consists of epoxy curing agents (40 percent of revenues), polyurethane additives (32 percent) and specialty additives businesses (28 percent). PMD has approximately 1,100 employees and includes major production facilities in the U.S., Germany, the United Kingdom, China and Japan. PMD products provide distinct, performance-enhancing benefits in use across the construction, marine, automotive, industrial cleaning, and other markets.<br /> <br /> <strong> About EMD</strong><br /> EMD generated $974 million in revenue and $351 million of adjusted EBITDA over the last twelve months ending March 31, 2016*. EMD consists of advanced materials (35 percent of revenues), process materials (39 percent) and delivery systems (26 percent). EMD has approximately 1,900 employees and includes major production facilities in the U.S., Korea and Taiwan. EMD&rsquo;s focus is to be the materials partner of choice for the semiconductor industry, providing low cost/high value in use products for next generation chips used in mobile devices, Internet of Things, and PCs.<br /> <br /> *Financial information for divisions that comprise the Materials Technologies segment reported within Air Products; no allocated corporate costs. Based on non-GAAP measures.<br /> <strong><br /> Conference Call Details:</strong><br /> The teleconference on Friday, May 6, 2016 at 12:00 p.m. USET will be open to the public and the media in listen-only mode by telephone and Internet broadcast. <br /> <br /> <strong> Live teleconference:</strong> 913-312-0699<br /> <strong> Passcode:</strong> 9240687<br /> <strong> Internet broadcast:</strong> Available on the <a href="http://investors.airproducts.com/phoenix.zhtml?c=92444&amp;p=irol-EventDetails&amp;EventId=5226796" target="_blank">Event Details</a> page on Air Products&rsquo; Investor Relations web site. <br /> <br /> <strong> Telephone replay:</strong> 888-203-1112 or 719-457-0820 (international)<br /> <strong> Passcode:</strong> 9240687<br /> This will be available from 4:00 p.m. USET on May 6 through 4:00 p.m. ET on May 13.<br /> <strong> Internet replay: </strong>Available on the <a href="http://investors.airproducts.com/phoenix.zhtml?c=92444&amp;p=irol-EventDetails&amp;EventId=5226796" target="_blank">Event Details</a> page on Air Products&rsquo; Investor Relations web site.<br /> <br /> <strong> Advisors</strong><br /> Lazard acted as sole financial advisor to Air Products. Skadden, Arps, Slate, Meagher &amp; Flom LLP acted as lead counsel for Air Products.<br /> <br /> <strong> About Air Products </strong><br /> Air Products (NYSE:APD) is a world-leading Industrial Gases company celebrating 75 years of operation. The company&rsquo;s core Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. Air Products is also the world&rsquo;s leading supplier of liquefied natural gas process technology and equipment. The company&rsquo;s Materials Technologies business serves the semiconductor, polyurethanes, cleaning and coatings, and adhesives industries. <br /> <br /> The company had fiscal 2015 sales of $9.9 billion and was ranked number 284 on the Fortune 500 annual list of public companies. Approximately 20,000 employees in 50 countries strive to make Air Products the world&rsquo;s safest and best performing Industrial Gases company, providing sustainable offerings and excellent service to all customers. For more information, visit <a href="http://www.airproducts.com">www.airproducts.com</a>. <br /> <br /> <strong>About Evonik</strong><br /> Evonik, the creative industrial group from Germany, is one of the world leaders in specialty chemicals. Profitable growth and a sustained increase in the value of the company form the heart of Evonik&rsquo;s corporate strategy. Its activities focus on the key megatrends health, nutrition, resource efficiency and globalization. Evonik benefits specifically from its innovative prowess and integrated technology platforms. Evonik is active in over 100 countries around the world. In fiscal 2015 more than 33,500 employees generated sales of around &euro;13.5 billion and an operating profit (adjusted EBITDA) of about &euro;2.47 billion.<br /> <br /> <em> NOTE: This news release contains &ldquo;forward-looking statements&rdquo; within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements regarding the expected timetable for completing the sale of PMD to Evonik, benefits and synergies of the proposed transaction, future opportunities for the combined company and products, future financial performance and any other statements regarding the Company&rsquo;s and Evonik&rsquo;s future expectations, beliefs, plans, objectives, financial conditions, or performance that are not historical facts; statements about the Company&rsquo;s plans for completion of the EMD spin-off, the expected benefits of the spin-off, the tax free nature of the spin-off, the prospects for the independent companies following the spin-off and the timing of the transaction. These forward-looking statements are based on management&rsquo;s reasonable expectations and assumptions as of the date of this release. Actual results may differ materially from the expectations expressed in the forward-looking statements because of many factors not anticipated by management, including, without limitation, additional timing required to consummate the proposed sale of PMD; inability to satisfy the conditions to closing of the proposed sale of PMD; the risk that a regulatory approval that may be required for the proposed sale of PMD is not obtained or is obtained subject to conditions that are not anticipated or other events that prevent the closing of the proposed transaction from occurring; the ultimate timing, outcome and results of integrating the operations of Air Products&rsquo; and Evonik&rsquo;s Performance Materials divisions; the effects of the business combination, including the combined company&rsquo;s future financial condition, results of operations, strategy and plans; expected synergies and other benefits from the proposed transaction and the ability of Evonik to realize such synergies and other benefits; the Company&rsquo;s ability to obtain regulatory approvals necessary to effect the spin-off of EMD, our ability to fully realize the anticipated benefits of the spin-off, negative effects of the announcement or the consummation of the proposed spin-off on the market price of the Company&rsquo;s common stock, significant transaction costs and or unknown liabilities, general economic and business conditions that affect the companies in connection with the proposed spin-off, changes in capital market conditions, future opportunities that the Company&rsquo;s board may determine present greater potential to increase shareholder value than spin-off, the ability of our companies to operate independently following the spin-off; the impact of credit rating agencies or tax authority actions or other factors on the cash proceeds the Company expects to derive from the transactions; and other risk factors described in the Company's Form 10-K for its fiscal year ended September 30, 2015. 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 assumptions, beliefs or expectations or any change in events, conditions, or circumstances upon which any such forward-looking statements are based.</em></p> <p> </p> <p style="text-align: left;"><strong>RECONCILIATION OF NON-GAAP FINANCIAL MEASURES<br /> </strong><strong>(Millions of dollars unless otherwise indicated)&nbsp;</strong></p> <p>The news release includes discussion of non-GAAP financial measures, including Adjusted EBITDA. The presentation of non-GAAP measures is intended to enhance the usefulness of financial information by providing measures which management uses internally to evaluate our operating performance.</p> We use non-GAAP measures to assess our operating performance by excluding certain disclosed items that we believe are not representative of our underlying business. We believe non-GAAP financial measures provide investors with meaningful information to understand our underlying operating results and to analyze financial and business trends. Non-GAAP financial measures, including Adjusted EBITDA, should not be viewed in isolation, are not a substitute for GAAP measures, and have limitations which include but are not limited to: <div><br /> <ul> <li>Depreciation and amortization represent the wear and tear and/or reduction in value of the plant, equipment, and intangible assets which permit us to manufacture and/or market our products.</li> <li>Other companies may define non-GAAP measures differently than we do, limiting their usefulness as comparative measures.</li> </ul> <p>A reader may find any one or all of these items important in evaluating our performance. Management compensates for the limitations of using non-GAAP financial measures by using them only to supplement our GAAP results to provide a more complete understanding of the factors and trends affecting our business. In evaluating these financial measures, the reader should be aware that we may incur expenses similar to those eliminated in this presentation in the future.<br /> <br /> Presented below are reconciliations of the GAAP results to the non-GAAP measures:</p> <table style="width: 700px; border: 1px solid #d7d7d7;" border="0" cellspacing="0" cellpadding="0"> <tbody> <tr> <td class="tdinvest">&nbsp;</td> <td class="tdinvest">&nbsp;</td> <td class="tdinvest">&nbsp;</td> <td colspan="8" align="center" class="tdinvest-shadedcenter border"><strong>Quarter Ended</strong></td> <td class="tdinvest">&nbsp;</td> <td class="tdinvest">&nbsp;</td> </tr> <tr class="border"> <td class="tdinvest-shaded"><strong>Materials Technologies Segment</strong></td> <td align="center" colspan="2" class="tdinvest-shadedcenter"><strong>FY 2015</strong></td> <td align="center" colspan="2" class="tdinvest-shadedcenter"><strong>Jun-15</strong></td> <td align="center" colspan="2" class="tdinvest-shadedcenter"><strong>Sep-15</strong></td> <td align="center" colspan="2" class="tdinvest-shadedcenter"><strong>Dec-15</strong></td> <td align="center" colspan="2" class="tdinvest-shadedcenter"><strong>Mar-16</strong></td> <td align="center" colspan="2" class="tdinvest-shadedcenter"><strong>Mar-16<br /> LTM</strong></td> </tr> <tr> <td><strong>&nbsp;Operating Income</strong></td> <td class="tdinvest-borderbottom">&nbsp;</td> <td class="tdinvest-borderbottom">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td class="tdinvest">&nbsp;&nbsp;&nbsp;Performance Materials</td> <td class="tdinvest-bottomleft">$</td> <td class="tdinvest-right">213.9&nbsp;</td> <td class="tdinvest-bottomleft">$</td> <td class="tdinvest-right">57.8&nbsp;</td> <td class="tdinvest-bottomleft">$</td> <td class="tdinvest-right">50.3&nbsp;</td> <td class="tdinvest-bottomleft">$</td> <td class="tdinvest-right">44.1&nbsp;</td> <td class="tdinvest-bottomleft">$</td> <td class="tdinvest-right">59.5&nbsp;</td> <td class="tdinvest-bottomleft">$</td> <td class="tdinvest-right">211.7&nbsp;</td> </tr> <tr> <td class="tdinvest">&nbsp;&nbsp;&nbsp;Electronics Materials</td> <td class="tdinvest-bottomleft">&nbsp;</td> <td class="tdinvest-right">265.8&nbsp;</td> <td class="tdinvest-bottomleft">&nbsp;</td> <td class="tdinvest-right">76.9&nbsp;</td> <td class="tdinvest-bottomleft">&nbsp;</td> <td class="tdinvest-right">63.0&nbsp;</td> <td class="tdinvest-bottomleft">&nbsp;</td> <td class="tdinvest-right">83.3&nbsp;</td> <td class="tdinvest-bottomleft">&nbsp;</td> <td class="tdinvest-right">70.3&nbsp;</td> <td class="tdinvest-bottomleft">&nbsp;</td> <td class="tdinvest-right">293.5&nbsp;</td> </tr> <tr class="border"> <td class="tdinvest-borderbottom border">&nbsp;&nbsp;&nbsp;Non Divisional</td> <td class="tdinvest-bottomleft border">&nbsp;</td> <td class="tdinvest-right border">(3.0) </td> <td class="tdinvest-bottomleft border">&nbsp;</td> <td class="tdinvest-right border">(3.2) </td> <td class="tdinvest-bottomleft border">&nbsp;</td> <td class="tdinvest-right border">3.1&nbsp;</td> <td class="tdinvest-bottomleft border">&nbsp;</td> <td class="tdinvest-right border">(.2)</td> <td class="tdinvest-bottomleft border">&nbsp;</td> <td class="tdinvest-right border">(.5)</td> <td class="tdinvest-bottomleft border">&nbsp;</td> <td class="tdinvest-right border">(.8)</td> </tr> <tr> <td class="tdinvest"><strong>&nbsp;Total Operating Income</strong></td> <td class="tdinvest-bottomleft">$</td> <td class="tdinvest-right">476.7&nbsp;</td> <td class="tdinvest-bottomleft">$</td> <td class="tdinvest-right">131.5&nbsp;</td> <td class="tdinvest-bottomleft">$</td> <td class="tdinvest-right">116.4&nbsp;</td> <td class="tdinvest-bottomleft">$</td> <td class="tdinvest-right">127.2&nbsp;</td> <td class="tdinvest-bottomleft">$</td> <td class="tdinvest-right">129.3&nbsp;</td> <td class="tdinvest-bottomleft">$</td> <td class="tdinvest-right">504.4&nbsp;</td> </tr> <tr> <td class="tdinvest">&nbsp;&nbsp;&nbsp;Add: Depreciation and amortization</td> <td class="tdinvest-bottomleft"><br /> </td> <td class="tdinvest-right">92.8&nbsp;</td> <td class="tdinvest-bottomleft"><br /> </td> <td class="tdinvest-right">22.7&nbsp;</td> <td class="tdinvest-bottomleft"><br /> </td> <td class="tdinvest-right">22.8&nbsp;</td> <td class="tdinvest-bottomleft"><br /> </td> <td class="tdinvest-right">19.6&nbsp;</td> <td class="tdinvest-bottomleft"><br /> </td> <td class="tdinvest-right">20.0&nbsp;</td> <td class="tdinvest-bottomleft"><br /> </td> <td class="tdinvest-right">85.1&nbsp;</td> </tr> <tr> <td class="tdinvest border">&nbsp;&nbsp;&nbsp;Add: Equity Affiliates' Income</td> <td class="tdinvest-bottomleft border"><br /> </td> <td class="tdinvest-right border">2.2&nbsp;</td> <td class="tdinvest-bottomleft border"><br /> </td> <td class="tdinvest-right border">.3&nbsp;</td> <td class="tdinvest-bottomleft border"><br /> </td> <td class="tdinvest-right border">.6&nbsp;</td> <td class="tdinvest-bottomleft border"><br /> </td> <td class="tdinvest-right border">.4&nbsp;</td> <td class="tdinvest-bottomleft border"><br /> </td> <td class="tdinvest-right border">.2&nbsp;</td> <td class="tdinvest-bottomleft border"><br /> </td> <td class="tdinvest-right border">1.5&nbsp;</td> </tr> <tr> <td class="tdinvest tdinvest border"><strong>&nbsp;Adjusted EBITDA</strong></td> <td class="tdinvest-bottomleft tdinvest border">$</td> <td class="tdinvest-right tdinvest border">571.7&nbsp;</td> <td class="tdinvest-bottomleft tdinvest border">$</td> <td class="tdinvest-right tdinvest border">154.5&nbsp;</td> <td class="tdinvest-bottomleft tdinvest border">$</td> <td class="tdinvest-right tdinvest border">139.8&nbsp;</td> <td class="tdinvest-bottomleft tdinvest border">$</td> <td class="tdinvest-right tdinvest border">147.2&nbsp;</td> <td class="tdinvest-bottomleft tdinvest border">$</td> <td class="tdinvest-right tdinvest border">149.5&nbsp;</td> <td class="tdinvest-bottomleft tdinvest border">$</td> <td class="tdinvest-right tdinvest border">591.0&nbsp;</td> </tr> <tr> <td class="tdinvest border">&nbsp;</td> <td class="tdinvest border">&nbsp;</td> <td class="tdinvest border">&nbsp;</td> <td colspan="8" class="tdinvest border">&nbsp;</td> <td class="tdinvest border">&nbsp;</td> <td class="tdinvest border">&nbsp;</td> </tr> <tr> <td class="tdinvest">&nbsp;</td> <td class="tdinvest">&nbsp;</td> <td class="tdinvest">&nbsp;</td> <td colspan="8" align="center" class="tdinvest-shadedcenter border"><strong>Quarter Ended</strong></td> <td class="tdinvest">&nbsp;</td> <td class="tdinvest">&nbsp;</td> </tr> <tr class="border"> <td class="tdinvest-shaded"><strong>Performance Materials</strong></td> <td align="center" colspan="2" class="tdinvest-shadedcenter"><strong>FY 2015</strong></td> <td align="center" colspan="2" class="tdinvest-shadedcenter"><strong>Jun-15</strong></td> <td align="center" colspan="2" class="tdinvest-shadedcenter"><strong>Sep-15</strong></td> <td align="center" colspan="2" class="tdinvest-shadedcenter"><strong>Dec-15</strong></td> <td align="center" colspan="2" class="tdinvest-shadedcenter"><strong>Mar-16</strong></td> <td align="center" colspan="2" class="tdinvest-shadedcenter"><strong>Mar-16<br /> LTM</strong></td> </tr> <tr> <td><strong>&nbsp;Adjusted EBITDA</strong></td> <td class="tdinvest-borderbottom">&nbsp;</td> <td class="tdinvest-borderbottom">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td class="tdinvest">&nbsp;&nbsp;&nbsp;GAAP Operating Income</td> <td class="tdinvest-bottomleft">$</td> <td class="tdinvest-right">213.9&nbsp;</td> <td class="tdinvest-bottomleft">$</td> <td class="tdinvest-right">57.8&nbsp;</td> <td class="tdinvest-bottomleft">$</td> <td class="tdinvest-right">50.3&nbsp;</td> <td class="tdinvest-bottomleft">$</td> <td class="tdinvest-right">44.1&nbsp;</td> <td class="tdinvest-bottomleft">$</td> <td class="tdinvest-right">59.5&nbsp;</td> <td class="tdinvest-bottomleft">$</td> <td class="tdinvest-right">211.7&nbsp;</td> </tr> <tr> <td class="tdinvest">&nbsp;&nbsp;&nbsp;Add: Depreciation and amortization</td> <td class="tdinvest-bottomleft border">&nbsp;</td> <td class="tdinvest-right border">29.0&nbsp;</td> <td class="tdinvest-bottomleft border">&nbsp;</td> <td class="tdinvest-right border">7.3&nbsp;</td> <td class="tdinvest-bottomleft border">&nbsp;</td> <td class="tdinvest-right border">6.9&nbsp;</td> <td class="tdinvest-bottomleft border">&nbsp;</td> <td class="tdinvest-right border">6.9&nbsp;</td> <td class="tdinvest-bottomleft border">&nbsp;</td> <td class="tdinvest-right border">7.5&nbsp;</td> <td class="tdinvest-bottomleft border">&nbsp;</td> <td class="tdinvest-right border">28.6&nbsp;</td> </tr> <tr class="border"> <td class="tdinvest-borderbottom border">&nbsp;&nbsp;&nbsp;Add: Equity Affiliates' Income</td> <td class="tdinvest-bottomleft border">&nbsp;</td> <td class="tdinvest-right border">1.2&nbsp;</td> <td class="tdinvest-bottomleft border">&nbsp;</td> <td class="tdinvest-right border">.3&nbsp;</td> <td class="tdinvest-bottomleft border">&nbsp;</td> <td class="tdinvest-right border">.3&nbsp;</td> <td class="tdinvest-bottomleft border">&nbsp;</td> <td class="tdinvest-right border">.2&nbsp;</td> <td class="tdinvest-bottomleft border">&nbsp;</td> <td class="tdinvest-right border">.2&nbsp;</td> <td class="tdinvest-bottomleft border">&nbsp;</td> <td class="tdinvest-right border">1.0&nbsp;</td> </tr> <tr> <td class="tdinvest tdinvest border"><strong>&nbsp;Adjusted EBITDA</strong></td> <td class="tdinvest-bottomleft tdinvest border">$</td> <td class="tdinvest-right tdinvest border">244.1&nbsp;</td> <td class="tdinvest-bottomleft tdinvest border">$</td> <td class="tdinvest-right tdinvest border">65.4&nbsp;</td> <td class="tdinvest-bottomleft tdinvest border">$</td> <td class="tdinvest-right tdinvest border">57.5&nbsp;</td> <td class="tdinvest-bottomleft tdinvest border">$</td> <td class="tdinvest-right tdinvest border">51.2&nbsp;</td> <td class="tdinvest-bottomleft tdinvest border">$</td> <td class="tdinvest-right tdinvest border">67.2&nbsp;</td> <td class="tdinvest-bottomleft tdinvest border">$</td> <td class="tdinvest-right tdinvest border">241.3&nbsp;</td> </tr> <tr> <td class="tdinvest border">&nbsp;</td> <td class="tdinvest border">&nbsp;</td> <td class="tdinvest border">&nbsp;</td> <td colspan="8" class="tdinvest border">&nbsp;</td> <td class="tdinvest border">&nbsp;</td> <td class="tdinvest border">&nbsp;</td> </tr> <tr> <td class="tdinvest">&nbsp;</td> <td class="tdinvest">&nbsp;</td> <td class="tdinvest">&nbsp;</td> <td colspan="8" align="center" class="tdinvest-shadedcenter border"><strong>Quarter Ended</strong></td> <td class="tdinvest">&nbsp;</td> <td class="tdinvest">&nbsp;</td> </tr> <tr class="border"> <td class="tdinvest-shaded"><strong>Electronic Materials</strong></td> <td align="center" colspan="2" class="tdinvest-shadedcenter"><strong>FY 2015</strong></td> <td align="center" colspan="2" class="tdinvest-shadedcenter"><strong>Jun-15</strong></td> <td align="center" colspan="2" class="tdinvest-shadedcenter"><strong>Sep-15</strong></td> <td align="center" colspan="2" class="tdinvest-shadedcenter"><strong>Dec-15</strong></td> <td align="center" colspan="2" class="tdinvest-shadedcenter"><strong>Mar-16</strong></td> <td align="center" colspan="2" class="tdinvest-shadedcenter"><strong>Mar-16<br /> LTM</strong></td> </tr> <tr> <td><strong>&nbsp;Adjusted EBITDA</strong></td> <td class="tdinvest-borderbottom">&nbsp;</td> <td class="tdinvest-borderbottom">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td class="tdinvest">&nbsp;&nbsp;&nbsp;GAAP Operating Income</td> <td class="tdinvest-bottomleft">$</td> <td class="tdinvest-right">265.8&nbsp;</td> <td class="tdinvest-bottomleft">$</td> <td class="tdinvest-right">76.9&nbsp;</td> <td class="tdinvest-bottomleft">$</td> <td class="tdinvest-right">63.0&nbsp;</td> <td class="tdinvest-bottomleft">$</td> <td class="tdinvest-right">83.3&nbsp;</td> <td class="tdinvest-bottomleft">$</td> <td class="tdinvest-right">70.3&nbsp;</td> <td class="tdinvest-bottomleft">$</td> <td class="tdinvest-right">293.5&nbsp;</td> </tr> <tr> <td class="tdinvest">&nbsp;&nbsp;&nbsp;Add: Depreciation and amortization</td> <td class="tdinvest-bottomleft">&nbsp;</td> <td class="tdinvest-right">63.8&nbsp;</td> <td class="tdinvest-bottomleft">&nbsp;</td> <td class="tdinvest-right">15.4&nbsp;</td> <td class="tdinvest-bottomleft">&nbsp;</td> <td class="tdinvest-right">15.9&nbsp;</td> <td class="tdinvest-bottomleft">&nbsp;</td> <td class="tdinvest-right">12.7&nbsp;</td> <td class="tdinvest-bottomleft">&nbsp;</td> <td class="tdinvest-right">12.5&nbsp;</td> <td class="tdinvest-bottomleft">&nbsp;</td> <td class="tdinvest-right">56.5&nbsp;</td> </tr> <tr class="border"> <td class="tdinvest-borderbottom border">&nbsp;&nbsp;&nbsp;Add: Equity Affiliates' Income</td> <td class="tdinvest-bottomleft border">&nbsp;</td> <td class="tdinvest-right border">1.0&nbsp;</td> <td class="tdinvest-bottomleft border">&nbsp;</td> <td class="tdinvest-right border">&nbsp;-&nbsp;&nbsp;&nbsp;</td> <td class="tdinvest-bottomleft border">&nbsp;</td> <td class="tdinvest-right border">.3&nbsp;</td> <td class="tdinvest-bottomleft border">&nbsp;</td> <td class="tdinvest-right border">.2&nbsp;</td> <td class="tdinvest-bottomleft border">&nbsp;</td> <td class="tdinvest-right border">&nbsp;-&nbsp;&nbsp;&nbsp;</td> <td class="tdinvest-bottomleft border">&nbsp;</td> <td class="tdinvest-right border">.5&nbsp;</td> </tr> <tr> <td class="tdinvest"><strong>&nbsp;Adjusted EBITDA</strong></td> <td class="tdinvest-bottomleft">$</td> <td class="tdinvest-right">330.6&nbsp;</td> <td class="tdinvest-bottomleft">$</td> <td class="tdinvest-right">92.3&nbsp;</td> <td class="tdinvest-bottomleft">$</td> <td class="tdinvest-right">79.2&nbsp;</td> <td class="tdinvest-bottomleft">$</td> <td class="tdinvest-right">96.2&nbsp;</td> <td class="tdinvest-bottomleft">$</td> <td class="tdinvest-right">82.8&nbsp;</td> <td class="tdinvest-bottomleft">$</td> <td class="tdinvest-right">350.5&nbsp;</td> </tr> </tbody> </table> </div>Fri, 06 May 2016 00:00:00 -0400{FE9BA80D-49E3-4FFD-B2C8-666056313A40}http://www.airproducts.com/Company/news-center/2016/05/0506-materials-technologies-update-chinese.aspx空气产品公司将以38亿美元向赢创出售材料技术板块的功能材料业务<p>全球领先的工业气体公司空气产品公司 (Air Products,纽约证券交易所代码:APD)今天宣布其已与世界领先的特种化工和材料公司赢创工业集团签署了最终协议,将以38亿美元现金出售其材料技术板块下的功能材料业务。<br /> <br /> 功能材料业务的出售有望在2016年底前完成,具体时间将以监管部门批准和惯例下成交条件的达成为准。根据协议条款,功能材料业务下属的运营工厂、供应商合同、实验室、合同、客户、员工及相关的法人实体全部将转到赢创。而赢创打算继续在美国宾夕法尼亚州的阿伦敦运营该业务。<br /> <br /> 空气产品公司同时计划以名字为&ldquo;Versum Materials&rdquo;的独立上市公司的方式, 向股东拆分其电子材料业务。该公司将继续评估债券和股票的市场条件是否对于免税分拆有利,按照目前的进度,拆分将于2016年9月底前完成。<br /> <br /> 空气产品公司一直以来坚持按照其战略性的&ldquo;五大要点计划&rdquo;行事,其中包括以工业气体业务为主并对非核心业务采取行动。该公司在去年9月就宣布计划分拆材料技术业务板块,其中包括功能材料和电子材料业务分支。<br /> <br /> 空气产品公司董事会主席、总裁兼首席执行官Seifi Ghasemi指出: &ldquo;出售功能材料的决策和空气产品公司于2014年9月宣布的长期战略是相一致的。功能材料业务将成为一家甚至比空气产品公司还大的公司的一项核心业务,其前途广阔。对此我感到非常高兴。&rdquo;<br /> <br /> 同时,Ghasemi 也非常激动地谈及了公司材料技术业务板块下的另一业务分支&mdash;&mdash;电子材料的未来,他说道:&ldquo;空气产品公司目前计划将该业务分拆成一家新的、世界级的名为&ldquo;Versum Materials&rdquo;的上市公司。 这家新公司的首席执行官是Guillermo Novo,而我将在担任空气产品公司现有职务的同时任该公司的非执行董事会主席。&rdquo;<br /> <br /> &ldquo;这些举措的结果会让空气产品公司处于更有利的地位。我们可充分利用市场上令人兴奋的投资机会,来发展我们的核心工业气体业务。&rdquo;Ghasemi 强调道。<br /> <strong><br /> 关于功能材料业务 </strong><br /> 空气产品公司的功能材料业务属于该公司材料技术业务板块下属的功能材料部门。这项业务在截至2016年3月31日前的十二个月内,实现了10.4亿美元的营业额,调整后的税息折旧及摊销前利润为2.41亿美元。该业务包括环氧树脂固化剂(占营业额的40%)、聚氨酯添加剂(32%)、特种添加剂(28%),在全球拥有1100名员工,主要生产工厂遍布美国、德国、英国、中国和日本。该业务下的产品应用在建筑,船舶,汽车,工业清洗等行业,可以带来显著的功能提升。<br /> <strong><br /> 关于电子材料业务</strong><br /> 空气产品公司的电子材料业务属于该公司材料技术业务板块下属的电子材料部门。这项业务在截至2016年3月31日前的十二个月内,实现了9.74亿美元的营业额,调整后的税息折旧及摊销前利润为3.51亿美元。该业务包括先进材料 (占营业额的35%), 工艺材料(39%) 以及材料传输系统 (26%), 在全球拥有1900名员工,主要生产工厂在美国、韩国和台湾。该业务主要为移动设备、物联网和个人电脑用的下一代芯片提供低成本高价值的电子材料,旨在成为半导体行业的首选材料伙伴。<br /> <br /> <strong>关于空气产品公司</strong><br /> 空气产品公司(Air Products, 纽约证券交易所代码:APD)是一家世界领先的工业气体公司。今年正值其运营75周年。工业气体是公司的核心业务,提供空分和工艺气体、以及相关的设备,主要为炼油石化、金属、电子和食品饮料等制造产业服务。空气产品公司同时也是一家全球领先的液化天然气工艺技术和设备供应商。公司的另一项业务&mdash;&mdash;材料技术服务于半导体、聚氨酯、清洁剂与涂料和粘合剂等行业。<br /> <br /> 2015财年,公司的销售额为99亿美金,在美国上市公司财富500强中排名第284位。其遍布全球50多个国家和地区的约2万名员工,为所有客户提供可持续性的产品和解决方案,以及卓越的服务,致力于将空气产品公司打造成世界最安全和最佳的工业气体公司。欲获得更多信息,请登陆公司中文网站:<a href="http://www.airproducts.com.cn">www.airproducts.com.cn</a>。<br /> <br /> <strong>关于赢创</strong><br /> 赢创是一家来自德国的创新型工业集团,该公司的核心业务&mdash;&mdash;特种化工在全球处于领先地位。提升业务盈利、保持企业价值的持续增长是赢创的核心战略。赢创将业务与全球大趋势相结合, 即健康、营养、资源效率与全球化。赢创的发展得益于其创新实力和一体化技术平台。赢创的业务遍及全球100 多个国家。2015财年,赢创的33,500 多名员工创造了约135亿欧元的销售额,营业利润(税息折旧及摊销前利润)达24.7亿欧元。<br /> <br /> <em>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2015年9月30日结束。</em></p>Fri, 06 May 2016 00:00:00 -0400{37A2F55F-21AC-48D0-843C-A5E3C6DA150C}http://www.airproducts.com/Company/news-center/2016/05/0506-materials-technologies-update-german.aspxAir Products plant den Verkauf der Performance Materials Division aus seinem Materials Technologies Segment an Evonik für 3,8 Mrd. USD<p>Air Products (NYSE:APD), eines der weltweit f&uuml;hrenden Industriegasunternehmen, verk&uuml;ndet, dass es heute eine endg&uuml;ltige Vereinbarung unterzeichnet hat, mit der die Performance Materials Division (PMD) seines Segments Materials Technologies f&uuml;r 3,8 Mrd. USD an Evonik Industries AG (EVK.DE), ein weltweit f&uuml;hrendes Unternehmen mit Schwerpunkt auf Chemikalien und Materialien, ver&auml;u&szlig;ert werden soll. <br /> <br /> Der Verkauf von PMD wird voraussichtlich vor Ende 2016 abgeschlossen, vorbehaltlich beh&ouml;rdlicher Genehmigungen und der &uuml;blichen Abschlussbedingungen. Laut den Vertragsbestimmungen werden betriebliche Einrichtungen, Lieferantenvertr&auml;ge, Labors, Vertr&auml;ge, Kunden, Mitarbeiter sowie bestimmte mit PMD verbundene Rechtspersonen an Evonik &uuml;bertragen. PMD soll jedoch weiterhin von Evonik in Allentown, Pennsylvania, betrieben werden. <br /> <br /> Zudem plant Air Products auch die Ausgliederung seiner Electronic Materials Division (EMD) als eigenst&auml;ndige Aktiengesellschaft mit dem Namen Versum Materials an Aktion&auml;re. Air Products plant die Ausgliederung von EMD bis Ende September 2016. Derzeit wird noch evaluiert, ob die Bedingungen des Fremd- und Eigenkapitalmarkts f&uuml;r eine steuerfreie Ausgliederung g&uuml;nstig sind. <br /> <br /> Air Products f&uuml;hrt damit kontinuierlich seinen strategischen F&uuml;nf-Punkte-Plan fort, der einen Schwerpunkt auf Industriegasen, aber auch T&auml;tigkeiten hinsichtlich Nicht-Kerngesch&auml;ften beinhaltet. Schon im September 2015 k&uuml;ndigte das Unternehmen Pl&auml;ne zur Ausgliederung von Materials Technologies an, wozu auch PMD und EMD geh&ouml;ren. <br /> &bdquo;Der Verkauf von PMD steht im Einklang mit der langfristigen Strategie von Air Products, die wir bereits im September 2014 bekannt gegeben haben&ldquo;, erkl&auml;rt Seifi Ghasemi, Vorsitzender, Pr&auml;sident und CEO von Air Products. &bdquo;Ich freue mich sehr, dass PMD als Kerngesch&auml;ft eines Unternehmens mit noch gr&ouml;&szlig;erem Umfang als Air Products einer gro&szlig;en Zukunft entgegensehen kann. <br /> <br /> Was die Ausgewogenheit unseres Segments Material Technologies betrifft, freue ich mich auch auf die Zukunft von EMD, f&uuml;r das derzeit Pl&auml;ne f&uuml;r ein Spin-Off als neue Aktiengesellschaft von Weltklasse mit dem Namen Versum Materials bestehen. CEO des neuen Unternehmens wird Guillermo Novo sein. Ich selbst werde als nicht-gesch&auml;ftsf&uuml;hrender Vorsitzender von Versum Materials agieren, wobei ich meine aktuellen Positionen bei Air Products beibehalte. <br /> <br /> Ergebnis dieser Verschiebungen wird eine gest&auml;rkte Position f&uuml;r Air Products sein, mit der es die gro&szlig;en Investitionsm&ouml;glichkeiten nutzen und das Wachstum unseres Kerngesch&auml;fts Industriegase f&ouml;rdern kann&ldquo;, sagt Ghasemi. <br /> <br /> <strong>&Uuml;ber PMD</strong><br /> PMD generierte 1,04 Milliarden USD Umsatz und 241 Mrd. USD bereinigtes EBITDA im Zeitraum der letzten 12 Monate mit Ende am 31. M&auml;rz 2016*. Im Gesch&auml;ftsjahr 2015 wies PMD 244 Mio. USD bereinigtes EBITDA vor*. Der Gesch&auml;ftszweig PMD setzt sich aus den Gesch&auml;ftszweigen Epoxidharz-H&auml;rter (40 % des Umsatzes), Polyurethan-Additive (32 %) und Spezial-Additiven (28 %) zusammen. PMD hat rund 1.100 Mitarbeiter und verf&uuml;gt &uuml;ber gr&ouml;&szlig;ere Produktionsst&auml;tten in den USA, Deutschland, Gro&szlig;britannien, China und Japan. Die PMD Produkte bieten deutlich leistungssteigernden Nutzen beim Einsatz in den Branchen Bau, Schiffsbau, Automobil, Industriereinigung und weiteren Branchen. <br /> <br /> <strong>&Uuml;ber EMD</strong><br /> EMD generierte 974 Mio. USD Umsatz und 351 Mio. USD bereinigtes EBITDA im Zeitraum der letzten 12 Monate mit Ende am 31. M&auml;rz 2016*. Das Segment EMD setzt sich aus den Gesch&auml;ftsbereichen Neuartige Materialien (35 % des Umsatzes), Prozessstoffe (39 %) und Abf&uuml;llsysteme (26 %) zusammen. EMD hat rund 1.900 Mitarbeiter und verf&uuml;gt &uuml;ber gr&ouml;&szlig;ere Produktionsst&auml;tten in den USA, Korea und Taiwan. Der Schwerpunkt von EMD liegt darin, als bevorzugter Partner der Halbleiterindustrie kosteng&uuml;nstige Produkte mit hohem Nutzungswert f&uuml;r Mobilger&auml;te-Chips der n&auml;chsten Generation, das Internet der Dinge sowie PCs zu liefern. <br /> <br /> *Finanzinformationen f&uuml;r die Bereiche, aus denen sich das Segment Materials Technologies zusammensetzt, entsprechend internen Angaben von Air Products, ohne Verrechnung von Unternehmenskosten. Zahlen basieren auf non-GAAP-Werten. <br /> <br /> <strong>Details zur Telefonkonferenz: </strong>Telekonferenz am Freitag, 6. Mai 2016 um 12:00 Uhr. USET ist f&uuml;r die &Ouml;ffentlichkeit und die Medien im Zuh&ouml;rermodus &uuml;ber Telefon und Internet zug&auml;nglich. <br /> <strong>Live-Telekonferenz:</strong> 913-312-0699 Zugangscode: 9240687 Internet: Verf&uuml;gbar &uuml;ber die Seite &bdquo;Event Details&ldquo; (Informationen zu Veranstaltungen) auf der Air Products Website &bdquo;Investor Relations&ldquo; (Anlegerbeziehungen). <br /> <strong>Telefonische Wiedergabe:</strong> 888-203-1112 oder 719-457-0820 (international) <br /> <strong>Zugangscode: </strong>9240687, verf&uuml;gbar ab 16:00 Uhr. USET am 6. Mai bis 16:00 Uhr. ET am 13. Mai. <br /> <strong>Internet-Wiedergabe:</strong> Verf&uuml;gbar &uuml;ber die Seite &bdquo;Event Details&ldquo; (Informationen zu Veranstaltungen) auf der Air Products Website &bdquo;Investor Relations&ldquo; (Anlegerbeziehungen). <br /> <strong>Berater: </strong>Lazard war alleiniger Finanzberater f&uuml;r Air Products. Skadden, Arps, Slate, Meagher &amp; Flom LLP fungierten als Hauptanw&auml;lte f&uuml;r Air Products. <br /> <br /> <strong>&Uuml;ber Air Products</strong><br /> Air Products (NYSE:APD) ist ein weltweit f&uuml;hrendes Industriegasunternehmen, das bereits sein 75-j&auml;hriges Bestehen feiert. Das Kerngesch&auml;ft Industriegase des Unternehmens bietet Luft- und Prozessgase und zugeh&ouml;rige Anlagen f&uuml;r die verarbeitende Industrie, darunter Raffination und Petrochemie, Metall, Elektronik, Lebensmittel und Getr&auml;nke. Air Products ist zudem der weltweit f&uuml;hrende Anbieter von Prozesstechnologien und Anlagen f&uuml;r Fl&uuml;ssigerdgas. Der Gesch&auml;ftszweig Materials Technologies beliefert die M&auml;rkte f&uuml;r Halbleiter, Polyurethane, Reinigung und Beschichtungen sowie f&uuml;r Klebstoffe. <br /> <br /> Das Unternehmen erreichte im Gesch&auml;ftsjahr 2015 einen Umsatz von $9,9 Mrd. und landete damit auf Platz 284 der j&auml;hrlichen erscheinenden Fortune 500-Liste b&ouml;rsennotierter Unternehmen. Etwa 20.000 Mitarbeiter in 50 L&auml;ndern arbeiten daran, Air Products zum weltweit sichersten und leistungsst&auml;rksten Anbieter von Industriegasen zu machen, der allen Kunden nachhaltige Angebote und einen hervorragenden Service bietet. Weitere Informationen erhalten Sie auf unserer Website unter www.airproducts.com .<br /> <br /> <strong>&Uuml;ber Evonik</strong><br /> Evonik, der kreative Industriekonzern aus Deutschland, ist eines der weltweit f&uuml;hrenden Unternehmen f&uuml;r Spezialchemikalien. Profitables Wachstum und eine nachhaltige Steigerung der Wertsch&ouml;pfung des Unternehmens bilden das Herzst&uuml;ck der Evonik Unternehmensstrategie. Seine Aktivit&auml;ten konzentrieren sich auf die wichtigsten Megatrends Gesundheit, Ern&auml;hrung, Ressourceneffizienz und Globalisierung. Evonik profitiert besonders von seiner Innovationskraft und seinen integrierten Technologieplattformen. Evonik ist in mehr als 100 L&auml;ndern der Welt t&auml;tig. Im Gesch&auml;ftsjahr 2015 erwirtschafteten &uuml;ber 33.500 Mitarbeiter einen Umsatz von rund 13,5 Mrd. EUR.</p>Fri, 06 May 2016 00:00:00 -0400{62C2E145-5026-4864-B403-942CE9E6BF9D}http://www.airproducts.com/Company/news-center/2016/04/0428-air-products-to-showcase-coupling-agents-for-cleaning-formulations-at-aocs.aspxAir Products to Showcase High Performing Coupling Agents for Cleaning Formulations as Versum Materials™ at 2016 American Oil Chemists Society Annual Meeting<p>Air Products (NYSE:<a href="/investors/stock-information.aspx" target="_blank">APD)</a> will highlight its innovative coupling agents portfolio as Versum MaterialsTM, the new brand name for Air Products&rsquo; Materials Technologies business, during the American Oil Chemists Society (AOCS) Annual Meeting, booth 303, Salt Lake City, Utah, May 1-4. <br /> <br /> Coupling agents can play an important role in cleaning formulations by facilitating the dissolution and dispersion of less soluble organic elements such as surfactants and salts, enabling systems to retain clarity, viscosity, and homogeneity. They can also help improve overall system stability and reduce the risk of phase separation. Despite providing a measure of &ldquo;formulation insurance&rdquo; to formulators, coupling agents are often misunderstood and misapplied. <br /> <br /> The company&rsquo;s solutions focus on enhancing formulators&rsquo; cleaning systems not only by acting as effective coupling agents but also by boosting overall cleaning performance. In addition to better cleaning, formulators can achieve a foam profile commensurate with the needs of their projects.<br /> <br /> The coupling agents are based on etheramine chemistry spanning several Tomamine&reg; Amphoteric products. Several of these products can provide added benefits such as high alkaline and temperature stability, enabling formulators to address unique and challenging cleaning needs. <br /> <br /> Technical representatives will be on-hand in the AOCS booth to talk about how the company&rsquo;s coupling agent portfolio can meet formulators&rsquo; needs. An overview of these solutions will also be provided during the Surfactants &amp; Detergents Division Networking Reception on Monday, May 2, by Diane Merzbach, marketing specialist, additives.<br /> <br /> Also highlighting the company&rsquo;s product innovation, a presentation entitled &ldquo;Move Your Product Innovation Forward with Tomadol&reg; 902 Surfactant&rdquo; will be delivered by Arnoldo Fonseca, Americas marketing manager for I&amp;I cleaning, during the Expo Technology Showcase on Tuesday, May 3.<br /> <br /> In addition, Senior Principal Application Chemist Eric &ldquo;Rick&rdquo; Theiner will be presenting a paper, &ldquo;Alkylphenol Ethoxylate Elimination as an Opportunity for Performance Enhancement,&rdquo; during the New Technologies in Industry session on Wednesday, May 4. His paper will review alternative approaches to address growing concerns about nonylphenol ethoxylate use in the institutional and industrial (I&amp;I) cleaning markets. <br /> <br /> The company&rsquo;s range of performance-focused cleaning solutions includes offerings sold under the Tomadol&reg;, Tomamine&reg;, TomaKleen&reg;, and Tomadry&reg; brands. AOCS conference attendees are invited learn more about the complete assortment of solutions and how they can help power future cleaning formulations by visiting booth #303 or at <a href="http://www.airproducts.com/clean" target="_blank">www.airproducts.com/clean</a>. <br /> <strong><br /> About Air Products </strong><br /> Air Products (NYSE:APD) is a world-leading Industrial Gases company celebrating 75 years of operation. The company&rsquo;s core Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. Air Products is also the world&rsquo;s leading supplier of liquefied natural gas process technology and equipment. The company&rsquo;s Materials Technologies business serves the semiconductor, polyurethanes, cleaning and coatings, and adhesives industries. <br /> <br /> The company had fiscal 2015 sales of $9.9 billion and was ranked number 284 on the Fortune 500 annual list of public companies. Approximately 20,000 employees in 50 countries strive to make Air Products the world&rsquo;s safest and best performing Industrial Gases company, providing sustainable offerings and excellent service to all customers. For more information, visit <a href="http://www.airproducts.com">www.airproducts.com</a>. <br /> <br /> <em>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&rsquo;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&rsquo;s Form 10K for its fiscal year ended September 30, 2015. </em></p>Thu, 28 Apr 2016 00:00:00 -0400{B8D152D5-E0F1-4D7A-8210-6011E923AA3A}http://www.airproducts.com/Company/news-center/2016/04/0408-versum-materials-debut-at-american-coatings-show.aspxVersum Materials™ Makes Debut; Will Showcase Broad Range of Additives that Enable High-Performance Coatings at 2016 American Coatings Show<p>Attendees looking for the distinctive green Air Products (NYSE: <a href="/investors/stock-information.aspx">APD</a>) logo at the 2016 American Coatings Show (ACS), April 11-14, Indianapolis, Ind., will instead find the company&rsquo;s market-leading portfolio of epoxy curatives, resins and diluents, and additives for industrial and institutional coatings under a different name and look. Air Products will be showcasing its innovative products in booth #2240 as Versum Materials, the new brand name for Air Products&rsquo; Materials Technologies business. <br /> <br /> &ldquo;The ACS represents an ideal venue to communicate about the company&rsquo;s innovative and advanced technologies for the coatings market. We want the industry to know that Versum Materials is committed to furthering its leadership position in the industry,&rdquo; said <a href="/Company/about-us/leadership/guillermo-novo.aspx?utm_source=&amp;utm_medium=NR&amp;utm_campaign=fy13-News-Release" target="_blank">Guillermo Novo</a>, executive vice president for Materials Technologies. <br /> <br /> Among the products and recognized brand names being showcased in the booth:</p> <ul> <li>Defoamers and deaerators such as Airase&reg; Structured Siloxane Defomers Line (SSDL&trade;) enabling predictable performance and faster selection.</li> <li>Pigment grind aids such as ZetaSperse&reg; 3800, the company&rsquo;s newest broad utility dispersant.</li> <li>Dispersants such as Surfynol&reg; 107L, a liquid, nonionic wetting agent and molecular defoamer with a unique chemistry that offers a range of surface active performance benefits, is nonfoaming, and will disrupt the foam stabilization properties of other formulation components.</li> <li>Superwetters such as Dynol&trade; 960 and 980 for improved flow and leveling.</li> <li>Epoxy curing agents and modifiers such as Anquamine&reg; curing agents, Amicure&reg; curing agents and polycarbamides, and chemical resistant epoxy curing agents.</li> </ul> <p>Technical representatives will be available throughout the Expo (April 12-14) to answer formulators&rsquo; questions and provide insight on optimizing the manufacture, performance and environmental qualities of coatings.<br /> <br /> In addition, the company&rsquo;s senior principal applications chemist, Sudhir Ananthachar, will be presenting a paper, &ldquo;Polycarbamide Resins for Industrial Direct-to-Metal Coatings Applications,&rdquo; which will share study results reviewing the chemistry and application properties of polycarbamide technology in direct-to-metal and top coat formulations benchmarked against aliphatic polyurethanes and other competing technologies.<br /> <br /> Six &ldquo;Exhibitor Spotlights&rdquo; will also be available in booth #159:</p> <p><strong>TUESDAY, APRIL 12</strong></p> <ul> <li>9:40 &ndash; 9:55 a.m. -- Epoxy Moisture Vapor Barrier for Flooring, presented by Shafiq Fazel, Senior Applications Chemist&nbsp;</li> <li>1:00 &ndash; 1:15 p.m. -- High Temperature, High Chemical Resistance Curing Agent, presented by Sudhir Achar, Senior Applications Chemist&nbsp;</li> <li>4:40 &ndash; 4:55 p.m. -- Low Temperature Epoxy Curing Agents, presented by Sudhir Achar, Senior Applications Chemist</li> </ul> <p><strong>WEDNESDAY, APRIL 13</strong></p> <ul> <li>2:40 &ndash; 2:55 p.m. -- A New Molecular Defoamer Ideal for Pigmented Systems, presented by K. Michael Peck, Senior Principal Research Engineer&nbsp;</li> <li>3:40 &ndash; 3:55 p.m. -- New Defoamers for Water-based Coatings: Performance and Sustainability, presented by Jeanine Snyder, Principal Development Chemist</li> </ul> <p><strong>THURSDAY, APRIL 14</strong></p> <ul> <li>9:40 &ndash; 9:55 a.m. -- The Influence of Surfactants on Colorant Acceptance in Paints and Coatings, presented by Jim Reader, Lead Chemist</li> </ul> <p><strong>About Air Products <br /> </strong> Air Products (NYSE:APD) is a world-leading Industrial Gases company celebrating 75 years of operation. The company&rsquo;s core Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. Air Products is also the world&rsquo;s leading supplier of liquefied natural gas process technology and equipment. The company&rsquo;s Materials Technologies business serves the semiconductor, polyurethanes, cleaning and coatings, and adhesives industries. <br /> <br /> The company had fiscal 2015 sales of $9.9 billion and was ranked number 284 on the Fortune 500 annual list of public companies. Approximately 20,000 employees in 50 countries strive to make Air Products the world&rsquo;s safest and best performing Industrial Gases company, providing sustainable offerings and excellent service to all customers. For more information, visit <a href="http://www.airproducts.com">www.airproducts.com</a>.<br /> <br /> <em> 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&rsquo;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&rsquo;s Form 10K for its fiscal year ended September 30, 2015. </em></p>Fri, 08 Apr 2016 00:00:00 -0400{E77F42F3-7028-4D60-85DC-FEDC802F4374}http://www.airproducts.com/Company/news-center/2015/10/1006-air-products-to-highlight-water-based-degreasing-solutions-at-cleaning-products-usa-conference.aspxAir Products to Highlight Water-based Degreasing Solutions at Cleaning Products USA Conference 2015<p>Air Products&rsquo; (NYSE:<a href="/investors/stock-information.aspx" target="_blank">APD</a>) Materials Technologies segment will be featuring its Tomadyne&reg; solutions for water-based degrease <a href="/industries/Industrial-Institutional-Cleaning.aspx?utm_source=&amp;utm_medium=NR&amp;utm_campaign=fy13-News-Release" target="_blank">cleaning products</a> at the Cleaning Products USA Conference in Alexandria, Virginia from October 7-9. <br /> <br /> Many cleaning product formulators are trying to reduce solvent levels in their cleaning products and are exploring water-based degreasing formulations as an alternative. But achieving an optimized blend of surfactants in these situations can be difficult and time consuming. Air Products&rsquo; line of Tomadyne materials can help by providing a series of ready-to-use pre-blend surfactants that formulators can leverage to quickly and effectively create formulations without the need to purchase multiple products. <br /> <br /> Air Products&rsquo; Tomadyne family consists of three main products:</p> <p> <ul> <li>Tomadyne&reg; 100 surfactant is an aggressive cleaner for systems containing low electrolyte levels;</li> <li>Tomadyne&reg; 102 surfactant offers a milder solution for low electrolyte-containing systems where corrosion to metals is a concern; and</li> <li>Tomadyne&reg; 108 surfactant provides excellent cleaning performance for systems containing higher levels of electrolytes.</li> </ul> </p> <p>&ldquo;Customers are looking to streamline their product creation process through simplified formulation designs and fewer raw material SKUs (stock-keeping units). By enabling creation of straightforward, high-performing water-based degreasing products with one surfactant solution, Tomadyne materials can allow cleaning brands to focus on all the other challenges associated with marketing their products,&rdquo; said Arnoldo Fonseca, Americas marketing manager for the Industrial &amp; Institutional Cleaning solutions business at Air Products.&nbsp;</p> <p>Tomadyne surfactants are part of Air Products&rsquo; innovative portfolio of cleaning surfactants, which include offerings sold under the Tomadol&reg;, Tomamine&reg;, TomaKleen&reg;, and Tomadry&reg; brands. Cleaning Products conference attendees are invited to visit Air Products at the conference to learn about our complete range of solutions and how they can help power future cleaning formulations. <br /> <br /> For more information, please visit Air Products in Booth 4 at the Cleaning Products USA Conference, or visit <a href="http://www.airproducts.com/clean" target="_self">www.airproducts.com/clean</a>. <br /> <br /> <strong>About Air Products</strong><br /> Air Products (NYSE:APD) is a leading industrial gases company. For nearly 75 years, the Company has provided atmospheric, process and specialty gases, and related equipment to manufacturing markets, including metals, food and beverage, refining and petrochemical, and natural gas liquefaction. Air Products&rsquo; Materials Technologies segment serves the semiconductor, polyurethanes, cleaning and coatings, and adhesives industries. Over 20,000 employees in 50 countries are working to make Air Products the world&rsquo;s safest and best performing industrial gases company, providing sustainable offerings and excellent service to all customers. In fiscal 2014, Air Products had sales of $10.4 billion and was ranked number 276 on the Fortune 500 annual list of public companies. For more information, visit <a href="http://www.airproducts.com">www.airproducts.com</a>.</p>Tue, 06 Oct 2015 00:00:00 -0400{66E8DD64-04BC-4564-B932-68A0D2F45802}http://www.airproducts.com/Company/news-center/2015/09/0916-materials-technologies-announcement.aspxAir Products Announces Intent to Spin-Off Materials Technologies Business<ul> <li>Board of Directors Approves Move Consistent With Strategic Five-Point Plan</li> <li>Enables leading and focused Industrial Gas and Materials Technologies companies to leverage critical competencies</li> <li>Seifi Ghasemi to be non-executive chairman and Guillermo Novo to be CEO of the new company</li> <li>Conference call on Thursday, September 17, 2015 at 8:00 a.m. ET</li> </ul> <p>Air Products (NYSE: <a href="/investors/stock-information.aspx" target="_blank">APD</a>) today announced that its Board of Directors has approved the intention to fully separate its Materials Technologies business via a tax-free spin-off to its shareholders. The targeted completion of the Materials Technologies spin-off is before September 2016, subject to typical regulatory approvals. Air Products will hold a conference call on Thursday, September 17, 2015 at 8:00 a.m. ET to discuss the spin-off (details below). <br /> <br /> &ldquo;I am very pleased that our Board of Directors has approved this strategic move. This separation will provide shareholders ownership in two leading and focused companies while providing the opportunity to value our Industrial Gases and Materials Technologies businesses independently. We believe a tax-free spin-off of the Materials Technologies business will create significant shareholder value,&rdquo; said <a href="/Company/about-us/leadership/seifi-ghasemi.aspx?utm_source=&amp;utm_medium=NR&amp;utm_campaign=fy13-News-Release" target="_blank">Seifi Ghasemi</a>, chairman, president and chief executive officer (CEO) at Air Products. <br /> <br /> This strategic decision will allow Air Products&rsquo; Industrial Gases and the Materials Technologies businesses to leverage their respective critical competencies and enhance their competitive positions. The Company believes the result of the spin-off will be two best-in-class public companies with distinct business models, capital requirements and growth profiles. The spin-off decision was made after an extensive review examining the strategic options for the Materials Technologies business by Air Products&rsquo; Board of Directors and management.<br /> <br /> &ldquo;The intent to separate is consistent with our management philosophy and the five-point plan we have discussed on many occasions over the past year and emphasized at our Investor Conference. It will allow us to take another step in pursuit of our ultimate goal, to become the safest and most profitable industrial gas company in the world, providing excellent service to our customers,&rdquo; said Ghasemi.<br /> <br /> &ldquo;The timing for this action is excellent and we look forward to the opportunity to operate as a stand-alone company focused on specialty materials. We already have a portfolio of world-class businesses with leading positions and sustainable competitive advantages in attractive niche markets. Our management team has demonstrated the ability to innovate, improve our underlying performance and rapidly respond to changing market dynamics to deliver profitable growth,&rdquo; said <a href="/Company/about-us/leadership/guillermo-novo.aspx?utm_source=&amp;utm_medium=NR&amp;utm_campaign=fy13-News-Release" target="_blank">Guillermo Novo</a>, executive vice president &ndash; Materials Technologies. <br /> <br /> Novo will be CEO of the yet-to-be-named company at the completion of the spin-off. Ghasemi will be the non-executive chairman of the new company, while maintaining his current roles as chairman, president and CEO of Air Products.<br /> <br /> <strong> Conference Call Details:</strong><br /> The teleconference on Thursday, September 17, 2015 at 8:00 a.m. ET will be open to the public and the media in listen-only mode by telephone and Internet broadcast. <br /> <br /> <strong> Live teleconference: </strong> 719-325-4751 <br /> <strong> Passcode: </strong>4483419 <br /> <strong> Internet broadcast: </strong>Available on the <a href="http://investors.airproducts.com/phoenix.zhtml?p=irol-eventDetails&amp;c=92444&amp;eventID=5203505" target="_blank">Event Details</a> page on Air Products&rsquo; Investor Relations web site. <br /> <br /> <strong> Telephone replay:</strong> 888-203-1112 or 719-457-0820 (international)<br /> <strong> Passcode: </strong>4483419 <br /> This will be available from 1:00 p.m. ET on September 17 through 12:00 p.m. ET on September 24.<br /> <strong> Internet replay: </strong>Available on the <a href="http://investors.airproducts.com/phoenix.zhtml?p=irol-eventDetails&amp;c=92444&amp;eventID=5203505" target="_blank">Event Details</a> page on Air Products&rsquo; Investor Relations web site. <br /> <br /> <strong> About Air Products </strong><br /> Air Products (NYSE:APD) is a leading industrial gases company. For nearly 75 years, the company has provided atmospheric, process and specialty gases, and related equipment to manufacturing markets including metals, food and beverage, refining and petrochemical, and natural gas liquefaction. Air Products&rsquo; materials technologies segment serves the semiconductor, polyurethanes, cleaning and coatings, and adhesives industries. Over 20,000 employees in 50 countries are working to make Air Products the world&rsquo;s safest and best performing industrial gases company, providing sustainable offerings and excellent service to all customers. In fiscal 2014, Air Products had sales of $10.4 billion and was ranked number 276 on the Fortune 500 annual list of public companies. For more information, visit <a href="http://www.airproducts.com">www.airproducts.com</a>.<br /> <br /> <em> This news release contains &ldquo;forward-looking statements&rdquo; within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements about the Company&rsquo;s plans for completion of the spin-off, the expected benefits of the spin-off, the tax free nature of the spin off, the prospects for the independent companies following the spin-off and the timing of the transaction. These forward-looking statements are based on management&rsquo;s reasonable expectations and assumptions as of the date of this release. Actual results may differ materially from the expectations expressed in the forward-looking statements because of many factors not anticipated by management, including, without limitation, our ability to obtain regulatory approvals, our ability to fully realize the anticipated benefits of the spin-off, negative effects of the announcement or the consummation of the proposed spin-off on the market price of the company&rsquo;s common stock, significant transaction costs and or unknown liabilities, general economic and business conditions that affect the companies in connection with the proposed spin-off, changes in capital market conditions, future opportunities that the company&rsquo;s board may determine present greater potential to increase shareholder value, the ability of our companies to operate independently following the spin-off; and other risk factors described in the Company's Form 10-K for its fiscal year ended September 30, 2014. 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 assumptions, beliefs or expectations or any change in events, conditions, or circumstances upon which any such forward-looking statements are based.</em></p>Wed, 16 Sep 2015 00:00:00 -0400{E3DDB7B0-9CFE-4555-873D-87527FADAFB2}http://www.airproducts.com/Company/news-center/2014/02/0214-air-products-introduces-tomakleen-additive-for-industrial-and-institutional-cleaning.aspxAir Products Introduces Tomakleen™ G-12 Additive for I&I Cleaning<p>Air Products (NYSE:<a href="/investors/stock-information.aspx?utm_source=&amp;utm_medium=NR&amp;utm_campaign=fy13-News-Release" target="_blank">APD</a>) today introduced the new Tomakleen&trade; G-12 additive to its product portfolio for <a href="/industries/Industrial-Institutional-Cleaning.aspx?utm_source=&amp;utm_medium=NR&amp;utm_campaign=fy13-News-Release" target="_blank">industrial and institutional cleaning</a>. Tomakleen G-12 additive delivers improved cleaning performance and can reduce or eliminate the need for oxygenated solvents historically used in I&amp;I cleaning products. <br /> <br /> Tomakleen G-12 additive is a detergency booster that is used with a surfactant to improve cleaning performance. The unique structure of Tomakleen G-12 additive provides fast monomer migration and better surface exchange to deliver a cleaning &ldquo;boost&rdquo; to products such as hard surface cleaners, heavy duty degreasers, and vehicle care products. The solvency of Tomakleen G-12 additive, along with its cleaning performance, can effectively reduce or eliminate the need for oxygenated solvents. <br /> <br /> &ldquo;Increasing environmental regulations and the need to improve worker safety can present a real challenge to formulators. Tomakleen G-12 additive was designed to meet that challenge by delivering improved and faster cleaning while enabling reduced VOC formulations,&rdquo; said Frank Womack, global business manager, Functional Additives, for Air Products. <br /> <br /> To learn more about Tomakleen G-12 additive, please visit <a href="http://www.airproducts.com/boost">www.airproducts.com/boost</a>. &nbsp;<br /> <br /> <strong>About Air Products</strong> <br /> Air Products (NYSE:APD) provides atmospheric, process and specialty gases; performance materials; equipment; and technology. For over 70 years, the company has enabled customers to become more productive, energy efficient and sustainable. Recognized as one of the world&rsquo;s most innovative companies by both Thomson Reuters and Forbes magazine, more than 21,000 employees in over 50 countries supply effective solutions to the energy, environment and emerging markets. These include semiconductor materials, refinery hydrogen, coal gasification, natural gas liquefaction, and advanced coatings and adhesives. In fiscal 2013, Air Products had sales of $10.2 billion. For more information, visit <a href="http://www.airproducts.com">www.airproducts.com</a>. &nbsp;<br /> <br /> <em>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&rsquo;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&rsquo;s Form 10K for its fiscal year ended September 30, 2013.</em> </p>Wed, 12 Feb 2014 00:00:00 -0500{1D395763-0B69-4E42-9658-4EB3EB7334EF}http://www.airproducts.com/Company/news-center/2012/04/0418-air-products-showcases-gases-and-chemicals-solutions-at-aocs-annual-meeting-expo.aspxAir Products Showcases Gases and Chemicals Solutions at 103rd AOCS Annual Meeting & Expo <p>Air Products (NYSE:<a href="http://investors.airproducts.com/phoenix.zhtml?c=92444&amp;p=irol-stockquote" target="_blank">APD</a>) will be highlighting its diverse portfolio of gases and chemicals solutions that can help processors in the fats, oils, and related industries increase sustainability and process efficiency, improve safety and product quality, and help lower total operating costs at the 103rd AOCS (American Oil Chemists’ Society) Annual Meeting &amp; Expo in Long Beach, Calif., from April 29-May 2. <br /><br />Air Products will have representatives available at booth #739 to discuss the company’s experience and know-how in providing the right <a href="http://www.airproducts.com/industries/Chemicals/FineSpecialty-Chemicals.aspx" target="_blank">gas technologies and solutions </a>for various customer applications including <a href="http://www.airproducts.com/industries/Chemicals/FineSpecialty-Chemicals/fine-specialty-chemicals-applications/product-list.aspx?itemId=%7bC327DBD3-462D-4B5A-9D11-BE0EBA15C73D%7d" target="_blank">hydrogenation</a>. As the world’s leading <a href="http://www.airproducts.com/products/Gases/Hydrogen.aspx" target="_blank">hydrogen </a>supplier, Air Products can help optimize hydrogenation reactions and reduce costs through selection of the best supply mode and technology, and evaluation of process parameters. Featured offerings include the company’s PRISM&reg; Hydrogen Generators and its Cryogenic Hydrogen Compressor System. <br /><br />Representatives also will be available to discuss Air Products’ range of <a href="http://www.airproducts.com/products/Chemicals/Surfactants.aspx" target="_blank">surfactants </a>for formulating <a href="http://www.airproducts.com/industries/Industrial-Institutional-Cleaning/industrial-institutional-cleaning-applications/product-list.aspx?itemId=%7b306CF82C-12E6-4699-8562-35C968014092%7d" target="_blank">hard surface cleaners</a>, degreasers, laundry, vehicle care, <a href="http://www.airproducts.com/industries/Mining.aspx" target="_blank">mining</a>, and oilfield products. These novel surfactants can help customers meet their most demanding applications, environmental regulations, or those applications requiring a balance of cost and performance. <br /><br />Air Products representatives will be making numerous presentations throughout the Expo. Attendees can learn how to conserve energy and hydrogen during hydrogenation by attending: </p> <ul> <li>“Innovative Hydrogen Solutions” <br />EXH 1: Technology Showcase, 101A on April 30 at 3:45 p.m. </li> <li>“Best Practices and Opportunities for Optimization and Conservation in Hydrogenation of Fats and Oils” <br />PRO 1: New Technology, Room 203AB on April 30 at 4:40 p.m. </li> </ul> <p>Attendees also can find out how to replace solvents in their formulated products, discover how functional surfactant additives can bring value to formulated products, and learn about Air Products’ capabilities in functional testing for cleaning compounds by attending: </p> <ul> <li>“Opportunities in VOC Reduction: Performance and Cost Improvements by Eliminating Solvents” <br />Poster Presentation from April 29-May 2 </li> <li>“Functional Additives for Your Applications” <br />S&amp;D Networking Reception: Spotlight Seminars on April 30 </li> <li>“Development and Validation of Image Analysis in Degreasing Evaluation” <br />S&amp;D 4.2: General Surfactants II on May 2 </li> </ul> <p>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 <a href="http://www.airproducts.com/">www.airproducts.com</a>.  <br /><br /><span class="notes">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. </span></p>Wed, 18 Apr 2012 00:00:00 -0400{4673CD7A-1D26-454C-8F04-7EEAD5F66572}http://www.airproducts.com/Company/news-center/2011/05/0523-air-products-increases-prices-for-functional-additives.aspxAir Products Increases Prices for Functional AdditivesAir Products (NYSE:APD) today announced that effective June 15, 2011, or as contracts allow, it will increase prices up to 10 cents per pound for products sold under the trade names Tomamine&reg; Surfactant, Tomadry™ Surfactant, Tomadyne™ Surfactant, Tomadol&reg; Surfactant, Nonidet&reg; Surfactant, Nonatell&reg; Surfactant and NEODOL&reg; Alcohol. NEODOL is a registered trademark of Shell Trademark Management B.V. <br /><br />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 <a href="http://www.airproducts.com/">www.airproducts.com</a>.  <br /><br /><span class="notes">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. </span>Mon, 23 May 2011 00:00:00 -0400{49F55BD7-A8D1-4FD4-8573-9ED2B710A438}http://www.airproducts.com/Company/news-center/2011/04/0404-air-products-increases-prices-for-functional-additives.aspxAir Products Increases Prices for Functional AdditivesAir Products (NYSE:APD) today announced that effective May 1, 2011, or as contracts allow, it will be increasing prices of its Tomamine&reg; surfactant, Tomadry™ surfactant, Tomadyne™ surfactant, Tomadol&reg; surfactant, Nonidet&reg; surfactant and Nonatell&reg; surfactant by five cents per pound. <br /><br />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 <a href="http://www.airproducts.com/">www.airproducts.com</a>.  <br /><br /><span class="notes">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. </span>Mon, 04 Apr 2011 00:00:00 -0400{BB6A6013-285D-474E-B5B8-A77E7099F6BB}http://www.airproducts.com/Company/news-center/2011/03/0307-air-products-increases-prices-for-functional-additives.aspxAir Products Increases Prices for Functional Additives Air Products (NYSE:APD) today announced that effective April 4, 2011, or as contracts allow, it will be increasing prices of its Tomamine&reg; surfactant, Tomadry™ surfactant and Tomadyne™ surfactant by five cents per pound. Air Products also will increase prices of its Tomadol&reg; surfactant, Nonidet&reg; surfactant and Nonatell&reg; surfactant by four cents per pound. <br /><br />These price increases are necessary to address escalating raw material costs. <br /><br />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 <a href="http://www.airproducts.com/">www.airproducts.com</a>.<br /><br /><em>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.</em>Mon, 07 Mar 2011 00:00:00 -0500{09F7AE13-D22B-41AC-A969-88C36D6B942B}http://www.airproducts.com/Company/news-center/2010/12/1222-air-products-increases-prices-for-functional-additives.aspxAir Products Increases Prices for Functional Additives <p>Air Products (NYSE:APD) today announced that effective January 15, 2011, or as contracts allow, it will be increasing the price of its Tomamine&reg; surfactant, Tomadry™ surfactant, and Tomadyne™ surfactant by six cents per pound. Air Products will also increase the price of its Tomadol&reg; surfactant, Nonidet&reg; surfactant and Nonatell&reg; surfactant by three cents per pound. <br /><br />These price increases are necessary to address escalating raw material costs. <br /><br />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 <a href="http://www.airproducts.com/">www.airproducts.com</a>.</p> <p class="notes">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. </p>Wed, 22 Dec 2010 00:00:00 -0500{CA90B36C-BD65-4AAA-B641-E8920C45C99B}http://www.airproducts.com/Company/news-center/2010/11/1110-air-products-increases-prices-for-functional-additives.aspxAir Products Increases Prices for Functional AdditivesAir Products (NYSE:APD) today announced that, effective December 10, 2010, or as contracts allow, it will increase all list and off-list prices for its Tomadol&reg; surfactant, Nonidet&reg; surfactant, and Nonatell&reg; surfactant products by five cents per pound. <br /><br />The price increase is necessary to address escalating operating and raw material costs. <br /><br />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 <a href="http://www.airproducts.com/">www.airproducts.com</a>. <br /><br /><span class="notes">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, 2009.</span>Wed, 10 Nov 2010 00:00:00 -0500{79CC22B0-EA49-4127-9DC7-0307D7DE4395}http://www.airproducts.com/Company/news-center/2010/09/0916-air-products-increases-prices-for-functional-additives.aspxAir Products Increases Prices for Functional AdditivesAir Products (NYSE:APD) today announced that, effective October 15, 2010, or as contracts allow, it will increase all list and off-list prices for its Tomamine&reg;, Tomadol&reg;, Tomadry™,and Tomadyne™ products by three cents per pound to 12 cents per pound. <br /><br />The price increase is necessary to address escalating operating and distribution costs. <br /><br />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 <a href="http://www.airproducts.com/">www.airproducts.com</a>.  <br /><br /><span class="notes">NOTE: This release may contain forward-looking statements. Actual results could vary materially, due to changes in current expectations. </span>Thu, 16 Sep 2010 00:00:00 -0400{AB2DF2AB-BD89-49A3-B757-FF50CCA6133F}http://www.airproducts.com/Company/news-center/2008/01/0129-air-products-introduces-bio-based-tomadol-surfactants.aspxAir Products Introduces Bio-based Tomadol SurfactantsAir Products (NYSE:APD) today introduced a series of Tomadol surfactants based on renewable or bio-based resources. Air Products’ natural Tomadol surfactants are derived from palm or coconut oil and provide formulators with a choice of alcohol ethoxylate surfactants to meet their customer’s demands for bio-based solutions for the industrial and institutional (I&amp;I) cleaning markets. <br /><br />“Natural Tomadol surfactants provide formulators with flexibility. If bio-based or renewable resources is their primary concern, then our natural Tomadol surfactants are the answer,” said Russ King, marketing manager for Air Products’ Performance Solutions. <br /><br />Besides the use of bio-based oils, these new Tomadol surfactants are also efficient, environmentally friendly alternatives to phenol-containing surfactants such as nonyl phenol ethoxylates (NPE), which have been under scrutiny as being environmentally persistent. <br /><br />Formulations using Tomadol surfactants also use much less solvent than NPE-containing solutions enabling the manufacturer to meet increasingly strict regulations on total VOC content. Tomadol surfactants also offer much faster solution times and a lower viscosity profile, which can increase asset utilization/productivity for the cleaning solution manufacturer. <br /><br />“Whether you are seeking a natural source for your alcohol ethoxylates or are looking to replace NPEs, Air Products’ Tomadol surfactants offer its customers a true competitive advantage,” said King. <br /><br />More information on Air Products’ complete line of Tomadol surfactants can be found at <a href="http://www.airproducts.com/choice3">www.airproducts.com/choice3</a>. <br /><br />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 has annual revenues of $10 billion, operations in over 40 countries, and 22,000 employees around the globe. For more information, visit <a href="http://www.airproducts.com/">www.airproducts.com</a>. <br /><br /><span class="notes">NOTE: This release may contain forward-looking statements. Actual results could vary materially, due to changes in current expectations. </span><br /><br />Tue, 29 Jan 2008 00:00:00 -0500{02A66D82-758D-4639-B824-F99FAAD64950}http://www.airproducts.com/Company/news-center/2006/08/0831-air-products-announces-a-price-increase-for-alcohol-ethoxylates.aspxAir Products Announces a Price Increase for Alcohol Ethoxylates <p>Tomah Products, a wholly-owned subsidiary of Air Products and Chemicals, Inc. is announcing that it will increase prices on all grades of its TOMADOL&reg; and NONATELL&reg; alcohol ethoxylate series products by $0.03 per pound for both list and off-list customers effective September 15, 2006 or as contracts allow. <br /><br />This price adjustment is necessary to offset the on-going escalating costs for key raw materials.</p> <p class="notes"> <strong>NOTE:</strong> This release may contain forward-looking statements. Actual results could vary materially, due to changes in current expectations.</p>Thu, 31 Aug 2006 00:00:00 -0400{97174FE8-18D5-4C2B-9CBE-F8916498D238}http://www.airproducts.com/Company/news-center/2006/04/0403-air-products-completes-tomah3-products-acquisition.aspxAir Products Completes Tomah3 Products Acquisition to Grow Performance Materials Business <p>Air Products (NYSE: APD) today announced that it completed the acquisition of Tomah<sup>3</sup> Products of Milton, Wis., for approximately $115 million in cash on March 31.  The acquisition, initially announced on March 22, increases the size of Air Products' Performance Materials business and will capitalize on the company's surface science expertise and high growth market opportunities.  Tomah produces specialty surfactants and processing aids primarily for growth segments of the institutional and industrial cleaning, mining and oil field industries, among others.</p> <p>Through a commercial and product development relationship formed in 2004, Air Products and Tomah have been developing customized offerings for high growth segments of their target industries that benefit from the unique combinations of the companies' technologies.  These offerings are increasingly attractive for customers seeking environmental and productivity benefits.  The Tomah acquisition reflects Air Products' Performance Materials strategy to expand its presence in profitable market segments where it can build on its surface science expertise and leverage its global scope and supply chain capabilities.  Tomah's product lines, production capabilities and market channels support this strategy.</p> <p>"Tomah's product mix complements Air Products' specialty surfactant and specialty amine offerings with new product applications and new market channels.  Our Performance Materials business is a strategic growth platform for us, and Tomah has unique capabilities to create high value products.  Together, the combined product lines and technical expertise will allow us to enhance our offerings to our core market segments in coatings, inks and adhesives, and provide access to exciting, high growth segments that are well served by Tomah," said Wayne Mitchell, vice president and general manager of Air Products' Performance Materials Division.  </p> <p>In addition to specialty surfactants, Air Products' Performance Materials growth platform, with sales of approximately $600 million in FY2005, includes epoxy and polyurethane additives, specialty amines and advanced materials.  These products are sold based on performance characteristics that provide unique solutions for customers.  They use proprietary technology based on Air Products' advanced surface and material science capabilities, and are sold into multiple targeted end-use markets worldwide.  They have consistently produced strong growth and sustainable returns above their cost of capital.  </p> <p>Tomah's broad portfolio of non-ionic surfactants, based on amine chemistry and alcohol alkoxylates, serve growth segments in a variety of end-use industries, including industrial and institutional (I&amp;I) cleaning, mining, oil field, and fuel and lube additives, among others.  Each of these industries seeks performance additives that improve productivity, provide greater ease of use, and meet the growing regulatory trends, including protecting the environment through improved biodegradability and reduced emissions of volatile organic compounds (VOCs).  Tomah's products and applications know-how provide customers with high value solutions to their needs.  </p> <p>Founded in 1967, and with sales of $73 million in 2005, Tomah employs approximately 90 people and has production facilities located in Milton, Wis. and Reserve, La.  The Milton plant produces amine-based surfactants, while the Reserve facility produces alcohol ethoxylate surfactants.  Tomah's products have been sold through direct sales and a broad network of distributors worldwide.  </p> <p>Air Products (NYSE:APD) serves customers in technology, energy, healthcare and industrial markets worldwide with a unique portfolio of products, services and solutions, providing atmospheric gases, process and specialty gases, performance materials and chemical intermediates.  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 and is listed in the Dow Jones Sustainability and FTSE4Good Indices.  The company has annual revenues of $8.1 billion, operations in over 30 countries, and over 20,000 employees around the globe.  For more information, visit <a href="http://www.airproducts.com/">www.airproducts.com</a><a href="about:blank"></a>.</p> <p class="notes"> <strong>NOTE:</strong> This release contains "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 those expressed in the forward-looking statements because of many factors, including those specifically referenced as future events or outcomes that the company anticipates as well as, among other things, overall economic and business conditions different than those currently anticipated and demand for Air Products' goods and services during that time; competitive factors in the industries in which it competes; interruption in ordinary sources of supply; the ability to recover unanticipated increased energy and raw material costs from customers; uninsured litigation judgments or settlements; changes in government regulations; consequences of acts of war or terrorism impacting the United States' and other markets; charges related to currently undetermined portfolio management and cost reduction actions; the success of implementing cost reduction programs; the timing, impact, ability to complete and other uncertainties of future acquisitions or divestitures or unanticipated contract terminations; significant fluctuations in interest rates and foreign currencies from that currently anticipated; the impact of tax and other legislation and regulations in jurisdictions in which Air Products and its affiliates operate; the recovery of insurance proceeds; the impact of new financial accounting standards, including the expensing of employee stock options; and the timing and rate at which tax credits can be utilized. The company disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained in this release to reflect any change in the company's assumptions, beliefs or expectations or any change in events, conditions orcircumstances upon which any such forward-looking statements are based.</p>Mon, 03 Apr 2006 00:00:00 -0400{BA0787FD-4A08-482C-8D4A-952C260C2EBE}http://www.airproducts.com/Company/news-center/2004/10/1028-gemini-technology-forms-basis-for-ap-surfynol-md-20.aspxGemini Technology Forms Basis for Air Products' Surfynol&reg; MD-20 & Surfynol&reg; MD-30 Molecular Defoamer Products <p>Two molecular defoaming products based on Gemini surfactant technology developed by Air Products (NYSE: APD) for use in a broad array of applications are providing formulators with the way to achieve a flat, smooth, defect free coating. Surfynol<sup>&reg;</sup> MD-20 and Surfynol<sup>&reg;</sup> MD-30 defoaming agents together present formulators with an answer to the challenges presented by microfoam and macrofoam in their finished product. These two Surfynol defoamer products are being featured by Air Products this week at the International Coatings Expo being held October 27-29 at McCormick Place North in Chicago, Ill. <br /><br />"In the formulation process microfoam entrained in the system, and the macrofoam appearing on the surface, can create craters, pin hole or fish-eye defects in a surface coating," said Mark Sutovich, marketing manager–Graphic Arts for Air Products. "Foam presents unique challenges and undesirable coating defects if not addressed in the formulation stage. MD-20 and MD-30 work in tandem to knockdown and knockout both micro and macrofoam. There are definite synergies between these two products which are attractive to the customer." <br /><br />Specifically, Surfynol MD-20 defoamer combats microfoam, while Surfynol MD-30 defoamer's expertise is addressing macrofoam. The two products are molecular defoamers that are surface active and break foam at the molecular level by attacking the different mechanisms of foam stabilization. Both Surfynol MD-20 and MD-30 defoamers are silicone and hydrophobic silica free. <br /><br />"Conventional defoamers utilize incompatibility to attempt to control foam, but this creates surface issues and sets the stage for a coating with defects. It creates a cycle where formulators must add other surface active components to eliminate the surface defects created by conventional defoamers. Molecular defoamers like MD-20 and MD-30 utilize surface activity at a molecular level to allow for defect free foam control. They allow formulators to reduce overall additive levels and break that cycle by working in a complimentary fashion," said Sutovich. <br /><br />Surfynol MD-20 and MD-30 defoamers are multi-functional products that have other performance attributes beyond just knockdown foam control. The pair, both in clear liquid form, exhibit high marks in other important areas such as defoamer longevity, wetting defect reduction, ease of handling, and also have wide compounding latitude. <br /><br />These multifunctional defoamers have a long list of potential waterborne system applications. These many uses include: coatings for automotive, OEM and DIY wood, industrial maintenance, metal and paper, and architectural coatings; graphic arts for printing inks, overprint varnishes and fountain solutions; adhesives, dye and pigment synthesis, pigment grinding, oil and gas processing, cleaning products, semiconductor cleaning and processing, metalworking fluids, cements, mortars and grouts, and personal care. <br /><br />More information on this unique product is available via the worldwide web by visiting www.airproducts.com/surfynol. For samples, please contact Air Products' Product Information Center at 800-345-3148 (outside the U.S. and Canada 610-481-6799); fax 610-481-4381; or e-mail prodinfo@airproducts.com. <br /><br /><strong>About Air Products <br /></strong>Air Products (NYSE:APD) serves customers in technology, energy, healthcare and industrial markets worldwide with a unique portfolio of products, services and solutions, providing atmospheric gases, process and specialty gases, performance materials and chemical intermediates. 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 and is listed in the Dow Jones Sustainability and FTSE4Good Indices. The company has annual revenues of $7.4 billion, operations in over 30 countries, and nearly 20,000 employees around the globe. For more information, visit <a href="http://www.airproducts.com/">www.airproducts.com</a>.</p> <p class="notes"> <strong>***NOTE: </strong>This release may contain forward-looking statements. Actual results could vary materially, due to changes in current expectations.</p>Thu, 28 Oct 2004 00:00:00 -0400{54D692EF-B09E-4AAF-9478-8D90E3F5F420}http://www.airproducts.com/Company/news-center/2004/03/0330-air-products-and-tomah-3-products-form-a-commercial-and-product-development-relationship.aspxAir Products and Tomah3 Products Form a Commercial and Product Development RelationshipAir Products (NYSE:APD) and Tomah3 Products, Inc. announced today the formation of a commercial and product development relationship intended to leverage each company's expertise, products and technology to better serve customers in the industrial and institutional cleaning, and the coatings, inks and adhesives industries. The companies hope to provide improved access to complementary technologies, leading to the continued development of unique solutions to industry and customer needs in these niche applications. <br /><br />Air Products brings to the relationship proven surface science solutions and a global presence in the coatings, inks and adhesives industries, and will benefit from Tomah's established alcohol ethoxylates product base. Tomah's presence in institutional and industrial cleaning applications in North and South America likewise will benefit from Air Products' surfactant product capabilities. Air Products will continue technological research and development, marketing and sales and customer service for the coatings, inks and adhesives segments, and will assist Tomah with technology development for institutional and industrial cleaning applications. Tomah, based in Milton, WI, will continue to handle all marketing and sales and customer service for institutional and industrial cleaning customers. <br /><br />"We think the ability to combine our surface science research and development capabilities and Tomah's synthetic product technologies will result in new environmentally-friendly products for the variety of applications served," said Ken Rizzi, business development manager, Performance Solutions at Air Products. "Additionally, in each segment, the customers will continue to have contact with already established suppliers with proven performance history. Other than enhanced product options, the relationship will be transparent to the respective customers." <br /><br />According to Tobin Ryan, vice president, Corporate Development at Tomah, "By combining Air Products' unique acetylenic technology with our alkoxylate and ether amine capabilities, Tomah will enhance its solution base in serving its customers and the institutional and industrial cleaning industry." <br /><br />Air Products has been serving the coatings, inks and adhesives industries for over 30 years by providing unique multi-functional additives that provide dynamic wetting and foam control properties. Since 1970, Tomah has developed and supplied cleaning products for several markets including metal working, parts, transportation, food preparation, janitorial, health care, and other related institutional cleaning applications. <br /><br /><strong>About Air Products</strong> <br />Air Products serves customers in technology, energy, healthcare and industrial markets worldwide with a unique portfolio of products, services and solutions, providing atmospheric gases, process and specialty gases, performance materials and chemical intermediates. 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. With annual revenues of $6.3 billion and operations in over 30 countries, the company's 18,500 employees build lasting relationships with their customers and communities based on understanding, integrity and passion. For more information, visit <a href="http://www.airproducts.com/">www.airproducts.com</a>.  <br /><br /><strong>About Tomah3 Products</strong> <br />Tomah, a privately owned and independent company, is a leading producer of cationic and nonionic surfactants specializing in ether amines, derivatives, and alkoxylates. Founded in 1967, Tomah's products are sold directly and through a broad network of distributors worldwide. Primary markets include institutional and industrial cleaners, fuel and lubricant additives, agricultural adjuvants, ore flotation, clay modification, pulp and paper, and oil field chemicals. Tomah also excels at custom manufacturing and in jointly developing, with key customers, products designed to meet a specific need. Due to unique manufacturing capabilities, rapid response times and technical expertise, Tomah is an excellent partner for long-term supply arrangements. The company is driven by a culture of quality and innovation and a commitment to safety, health and the environment. Tomah is the recipient of Wisconsin's Manufacturer of the Year Award for its corporate leadership in environmental consciousness. More information can be found at <a href="http://www.tomah3.com/">www.tomah3.com</a>.  <br /><br /><br /><span class="notes">NOTE: This release may contain forward-looking statements. Actual results could vary materially, due to changes in current expectations. </span><br /><br /><br /><strong>Tomah Contact: </strong><br />Rowand Robinson <br />Tel: (608) 868-6811 <br />E-mail: <a href="mailto:rrobinson@tomah3.com">rrobinson@tomah3.com</a>  <br /><br /><br />Tue, 30 Mar 2004 00:00:00 -0500