Polyurethanes News Releases

Air 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

Fri, 06 May 2016 00:00:00 -0400

Air Products (NYSE:APD), 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.

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.

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.

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.

“The sale of PMD is consistent with the long-term strategy for Air Products that we announced in September 2014,” said Air Products’ Chairman, President and Chief Executive Officer, Seifi Ghasemi. “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.

“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.

“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,” Ghasemi said.

About PMD
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.

About EMD
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’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.

*Financial information for divisions that comprise the Materials Technologies segment reported within Air Products; no allocated corporate costs. Based on non-GAAP measures.

Conference Call Details:
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.

Live teleconference: 913-312-0699
Passcode: 9240687
Internet broadcast: Available on the Event Details page on Air Products’ Investor Relations web site.

Telephone replay: 888-203-1112 or 719-457-0820 (international)
Passcode: 9240687
This will be available from 4:00 p.m. USET on May 6 through 4:00 p.m. ET on May 13.
Internet replay: Available on the Event Details page on Air Products’ Investor Relations web site.

Advisors
Lazard acted as sole financial advisor to Air Products. Skadden, Arps, Slate, Meagher & Flom LLP acted as lead counsel for Air Products.

About Air Products
Air Products (NYSE:APD) is a world-leading Industrial Gases company celebrating 75 years of operation. The company’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’s leading supplier of liquefied natural gas process technology and equipment. The company’s Materials Technologies business serves the semiconductor, polyurethanes, cleaning and coatings, and adhesives industries.

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’s safest and best performing Industrial Gases company, providing sustainable offerings and excellent service to all customers. For more information, visit www.airproducts.com.

About Evonik
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’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 €13.5 billion and an operating profit (adjusted EBITDA) of about €2.47 billion.

NOTE: This news release contains “forward-looking statements” 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’s and Evonik’s future expectations, beliefs, plans, objectives, financial conditions, or performance that are not historical facts; statements about the Company’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’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’ and Evonik’s Performance Materials divisions; the effects of the business combination, including the combined company’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’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’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’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.

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
(Millions of dollars unless otherwise indicated)

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.

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:

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.
Other companies may define non-GAAP measures differently than we do, limiting their usefulness as comparative measures.

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.

Presented below are reconciliations of the GAAP results to the non-GAAP measures:

			Quarter Ended
Materials Technologies Segment	FY 2015		Jun-15		Sep-15		Dec-15		Mar-16		Mar-16 LTM
Operating Income
Performance Materials	$	213.9	$	57.8	$	50.3	$	44.1	$	59.5	$	211.7
Electronics Materials		265.8		76.9		63.0		83.3		70.3		293.5
Non Divisional		(3.0)		(3.2)		3.1		(.2)		(.5)		(.8)
Total Operating Income	$	476.7	$	131.5	$	116.4	$	127.2	$	129.3	$	504.4
Add: Depreciation and amortization		92.8		22.7		22.8		19.6		20.0		85.1
Add: Equity Affiliates' Income		2.2		.3		.6		.4		.2		1.5
Adjusted EBITDA	$	571.7	$	154.5	$	139.8	$	147.2	$	149.5	$	591.0

			Quarter Ended
Performance Materials	FY 2015		Jun-15		Sep-15		Dec-15		Mar-16		Mar-16 LTM
Adjusted EBITDA
GAAP Operating Income	$	213.9	$	57.8	$	50.3	$	44.1	$	59.5	$	211.7
Add: Depreciation and amortization		29.0		7.3		6.9		6.9		7.5		28.6
Add: Equity Affiliates' Income		1.2		.3		.3		.2		.2		1.0
Adjusted EBITDA	$	244.1	$	65.4	$	57.5	$	51.2	$	67.2	$	241.3

			Quarter Ended
Electronic Materials	FY 2015		Jun-15		Sep-15		Dec-15		Mar-16		Mar-16 LTM
Adjusted EBITDA
GAAP Operating Income	$	265.8	$	76.9	$	63.0	$	83.3	$	70.3	$	293.5
Add: Depreciation and amortization		63.8		15.4		15.9		12.7		12.5		56.5
Add: Equity Affiliates' Income		1.0		-		.3		.2		-		.5
Adjusted EBITDA	$	330.6	$	92.3	$	79.2	$	96.2	$	82.8	$	350.5

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

Fri, 06 May 2016 00:00:00 -0400

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。

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。

空气产品公司同时计划以名字为“Versum Materials”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。

空气产品公司一直以来坚持按照其战略性的“五大要点计划”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。

空气产品公司董事会主席、总裁兼首席执行官Seifi Ghasemi指出： “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。”

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——电子材料的未来，他说道：“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“Versum Materials”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。”

“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。”Ghasemi 强调道。

关于功能材料业务
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。

关于电子材料业务
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。

关于空气产品公司
空气产品公司（Air Products, 纽约证券交易所代码：APD）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——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。

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：www.airproducts.com.cn。

关于赢创
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——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。

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。

Air Products plant den Verkauf der Performance Materials Division aus seinem Materials Technologies Segment an Evonik für 3,8 Mrd. USD

Fri, 06 May 2016 00:00:00 -0400

Air Products (NYSE:APD), eines der weltweit führenden Industriegasunternehmen, verkündet, dass es heute eine endgültige Vereinbarung unterzeichnet hat, mit der die Performance Materials Division (PMD) seines Segments Materials Technologies für 3,8 Mrd. USD an Evonik Industries AG (EVK.DE), ein weltweit führendes Unternehmen mit Schwerpunkt auf Chemikalien und Materialien, veräußert werden soll.

Der Verkauf von PMD wird voraussichtlich vor Ende 2016 abgeschlossen, vorbehaltlich behördlicher Genehmigungen und der üblichen Abschlussbedingungen. Laut den Vertragsbestimmungen werden betriebliche Einrichtungen, Lieferantenverträge, Labors, Verträge, Kunden, Mitarbeiter sowie bestimmte mit PMD verbundene Rechtspersonen an Evonik übertragen. PMD soll jedoch weiterhin von Evonik in Allentown, Pennsylvania, betrieben werden.

Zudem plant Air Products auch die Ausgliederung seiner Electronic Materials Division (EMD) als eigenständige Aktiengesellschaft mit dem Namen Versum Materials an Aktionäre. Air Products plant die Ausgliederung von EMD bis Ende September 2016. Derzeit wird noch evaluiert, ob die Bedingungen des Fremd- und Eigenkapitalmarkts für eine steuerfreie Ausgliederung günstig sind.

Air Products führt damit kontinuierlich seinen strategischen Fünf-Punkte-Plan fort, der einen Schwerpunkt auf Industriegasen, aber auch Tätigkeiten hinsichtlich Nicht-Kerngeschäften beinhaltet. Schon im September 2015 kündigte das Unternehmen Pläne zur Ausgliederung von Materials Technologies an, wozu auch PMD und EMD gehören.
„Der Verkauf von PMD steht im Einklang mit der langfristigen Strategie von Air Products, die wir bereits im September 2014 bekannt gegeben haben“, erklärt Seifi Ghasemi, Vorsitzender, Präsident und CEO von Air Products. „Ich freue mich sehr, dass PMD als Kerngeschäft eines Unternehmens mit noch größerem Umfang als Air Products einer großen Zukunft entgegensehen kann.

Was die Ausgewogenheit unseres Segments Material Technologies betrifft, freue ich mich auch auf die Zukunft von EMD, für das derzeit Pläne für 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-geschäftsführender Vorsitzender von Versum Materials agieren, wobei ich meine aktuellen Positionen bei Air Products beibehalte.

Ergebnis dieser Verschiebungen wird eine gestärkte Position für Air Products sein, mit der es die großen Investitionsmöglichkeiten nutzen und das Wachstum unseres Kerngeschäfts Industriegase fördern kann“, sagt Ghasemi.

Über PMD
PMD generierte 1,04 Milliarden USD Umsatz und 241 Mrd. USD bereinigtes EBITDA im Zeitraum der letzten 12 Monate mit Ende am 31. März 2016*. Im Geschäftsjahr 2015 wies PMD 244 Mio. USD bereinigtes EBITDA vor*. Der Geschäftszweig PMD setzt sich aus den Geschäftszweigen Epoxidharz-Härter (40 % des Umsatzes), Polyurethan-Additive (32 %) und Spezial-Additiven (28 %) zusammen. PMD hat rund 1.100 Mitarbeiter und verfügt über größere Produktionsstätten in den USA, Deutschland, Großbritannien, China und Japan. Die PMD Produkte bieten deutlich leistungssteigernden Nutzen beim Einsatz in den Branchen Bau, Schiffsbau, Automobil, Industriereinigung und weiteren Branchen.

Über EMD
EMD generierte 974 Mio. USD Umsatz und 351 Mio. USD bereinigtes EBITDA im Zeitraum der letzten 12 Monate mit Ende am 31. März 2016*. Das Segment EMD setzt sich aus den Geschäftsbereichen Neuartige Materialien (35 % des Umsatzes), Prozessstoffe (39 %) und Abfüllsysteme (26 %) zusammen. EMD hat rund 1.900 Mitarbeiter und verfügt über größere Produktionsstätten in den USA, Korea und Taiwan. Der Schwerpunkt von EMD liegt darin, als bevorzugter Partner der Halbleiterindustrie kostengünstige Produkte mit hohem Nutzungswert für Mobilgeräte-Chips der nächsten Generation, das Internet der Dinge sowie PCs zu liefern.

*Finanzinformationen für 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.

Details zur Telefonkonferenz: Telekonferenz am Freitag, 6. Mai 2016 um 12:00 Uhr. USET ist für die Öffentlichkeit und die Medien im Zuhörermodus über Telefon und Internet zugänglich.
Live-Telekonferenz: 913-312-0699 Zugangscode: 9240687 Internet: Verfügbar über die Seite „Event Details“ (Informationen zu Veranstaltungen) auf der Air Products Website „Investor Relations“ (Anlegerbeziehungen).
Telefonische Wiedergabe: 888-203-1112 oder 719-457-0820 (international)
Zugangscode: 9240687, verfügbar ab 16:00 Uhr. USET am 6. Mai bis 16:00 Uhr. ET am 13. Mai.
Internet-Wiedergabe: Verfügbar über die Seite „Event Details“ (Informationen zu Veranstaltungen) auf der Air Products Website „Investor Relations“ (Anlegerbeziehungen).
Berater: Lazard war alleiniger Finanzberater für Air Products. Skadden, Arps, Slate, Meagher & Flom LLP fungierten als Hauptanwälte für Air Products.

Über Air Products
Air Products (NYSE:APD) ist ein weltweit führendes Industriegasunternehmen, das bereits sein 75-jähriges Bestehen feiert. Das Kerngeschäft Industriegase des Unternehmens bietet Luft- und Prozessgase und zugehörige Anlagen für die verarbeitende Industrie, darunter Raffination und Petrochemie, Metall, Elektronik, Lebensmittel und Getränke. Air Products ist zudem der weltweit führende Anbieter von Prozesstechnologien und Anlagen für Flüssigerdgas. Der Geschäftszweig Materials Technologies beliefert die Märkte für Halbleiter, Polyurethane, Reinigung und Beschichtungen sowie für Klebstoffe.

Das Unternehmen erreichte im Geschäftsjahr 2015 einen Umsatz von $9,9 Mrd. und landete damit auf Platz 284 der jährlichen erscheinenden Fortune 500-Liste börsennotierter Unternehmen. Etwa 20.000 Mitarbeiter in 50 Ländern arbeiten daran, Air Products zum weltweit sichersten und leistungsstärksten 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 .

Über Evonik
Evonik, der kreative Industriekonzern aus Deutschland, ist eines der weltweit führenden Unternehmen für Spezialchemikalien. Profitables Wachstum und eine nachhaltige Steigerung der Wertschöpfung des Unternehmens bilden das Herzstück der Evonik Unternehmensstrategie. Seine Aktivitäten konzentrieren sich auf die wichtigsten Megatrends Gesundheit, Ernährung, Ressourceneffizienz und Globalisierung. Evonik profitiert besonders von seiner Innovationskraft und seinen integrierten Technologieplattformen. Evonik ist in mehr als 100 Ländern der Welt tätig. Im Geschäftsjahr 2015 erwirtschafteten über 33.500 Mitarbeiter einen Umsatz von rund 13,5 Mrd. EUR.

Versum Materials is the Selected Name for the Materials Technologies Business Spin-off of Air Products

Thu, 05 Nov 2015 00:00:00 -0500

Versum Materials has been selected as the new company name for the Materials Technologies business of Air Products (NYSE: APD). Air Products announced plans in September for a tax-free spin-off of this business to U.S. shareholders on or before September 2016.

Derived from the Latin word for “toward,” the name “Versum” communicates the new company’s ability to continuously move toward materials, which is core to its own business, and provide cutting-edge solutions and innovation. The name also communicates the company’s critical role in helping customers advance their products and businesses by providing market-leading technology, innovation and valuable, reliable service.

“This is an exciting time as these Materials Technologies market-leading businesses move closer to becoming a separate publicly-owned and traded company with a distinct identity, brand and purpose. Once complete, this separation will provide our new shareholders with ownership in two leading and focused companies while offering the opportunity to value our Industrial Gases and Materials Technologies businesses independently,” said Seifi Ghasemi, chairman, president and chief executive officer (CEO) at Air Products. Upon completion of the separation, Ghasemi will continue his role with Air Products and also become the non-executive chairman of Versum Materials.

As previously announced, Guillermo Novo, currently the executive vice president of Materials Technologies, will become Versum Materials’ CEO at the completion of the spin-off. “We look forward to the opportunity to operate as an independent, specialty materials company under the name of Versum Materials. We will take some of the culture of our heritage with Air Products and build on it in our own core marketplace. As we move forward, we aim to deliver profitable growth to Versum Materials’ shareholders by innovating for our customers, maximizing our profitability and driving to realize our strong growth prospects, while continuing to rapidly respond to changing market dynamics,” said Novo.

“As our new name suggests, we will help our customers and employees move ‘toward’ their goals with confidence and purpose. From the electronics industry to the performance materials end markets we serve, we’re passionate about working closely with customers to help advance their products and technologies around the world,” added Novo.

Additional details about Versum Materials’ progress toward becoming a new company will become available at airproducts.com while the new company’s website is developed.

Air Products’ Materials Technologies business is global, delivering specialty solutions focused within niche markets, holding leading positions in most of its end-markets and focused on innovation-driven solutions. For fiscal year 2015, Materials Technologies had sales of approximately $2.1 billion and EBITDA margins in excess of 27%.

The business employs approximately 3,300 employees and operates in more than 12 countries across the globe. Its Electronic Materials Division provides tailored solutions and materials to customers in the semiconductor industry, while the Performance Materials Division provides epoxy additives, polyurethane additives and specialty additives to the construction, composites, adhesives, coatings and other industries.

About Air Products
Air Products (NYSE:APD) is a world-leading Industrial Gases company celebrating 75 years of operation. The company’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’s leading supplier of liquefied natural gas process technology and equipment. The company’s Materials Technologies business, which Air Products intends to spin-off by September 2016, serves the semiconductor, polyurethanes, cleaning and coatings, and adhesives industries.

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’s safest and best performing Industrial Gases company, providing sustainable offerings and excellent service to all customers. For more information, visit www.airproducts.com.

This news release contains “forward-looking statements” within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements about Air Products’ 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 Materials Technologies business following the spin-off and the timing of the transaction. These forward-looking statements are based on management’s reasonable expectations and assumptions as of the date of this release. Actual results may differ materially from the expectations expressed herein because of many factors not anticipated by management, including, without limitation, Air Products’ ability to obtain regulatory approvals necessary for the spin-off, Materials Technologies’ ability to fully realize the anticipated benefits of the spin-off, transaction costs, unknown liabilities, general economic and business conditions that may affect the proposed spin-off and the execution thereof, changes in capital market conditions, Air Products’ decision not to consummate the spin-off due to market, economic or other events, unfavorable economic conditions affecting the markets served by and/or the continuing profitability of the Materials Technologies business and other risk factors described in Air Products' Form 10-K for its fiscal year ended September 30, 2014. Air Products disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained in this news release 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.

Air Products Introduces Polycat™ 204 Catalyst for Rigid Polyurethane Foams

Thu, 01 Oct 2015 00:00:00 -0400

Air Products (NYSE:APD) today introduced the new Polycat™ 204 catalyst to its product portfolio for use in rigid polyurethane foams. Polycat 204 is a non-emissive catalyst specifically designed to help polyurethane foam producers maximize their foam performance and achieve up to six to eight months of system stability when incorporating “Next Generation” Hydrofluoroolefin (HFO) Blowing Agents, such as Honeywell’s Solstice LBA (HFO-1233zd(E)).

These new HFO Blowing Agents are being used and commercially adopted in response to increasing global regulation and, ultimately, the phase-out of Hydrofluorocarbon (HFC) Blowing Agents. HFO Blowing Agents have significantly reduced global warming potential (GWP) relative to HFC Blowing Agents and are typically used in polyurethane foam applications that require high insulation properties, such as spray foam insulation, refrigerator/freezer insulation, and panel insulation for building structures.

“Increasing environmental regulation of HFCs and the need to reduce building emissions while maintaining shelf stability in applications like spray foam can present a real challenge to the polyurethane foam industry. Relative to conventional amine catalysts, Polycat 204 catalyst provides significantly more shelf stability in rigid foam systems containing Solstice LBA. This innovative product is helping the industry adopt HFO blowing agents with reduced GWP footprint, while also reducing VOC [volatile organic compound] emissions,” said Steve Hulme, vice president and general manager, Polyurethane Additives, for Air Products.

“The Polycat 204 catalyst is a tool that can significantly increase the shelf stability of Solstice LBA based spray foam systems. This helps our customers achieve the product reliability they demand, while gaining the environmental and performance benefits of using Solstice LBA,” said Laura Reinhard, global spray foam business manager for Honeywell. Solstice LBA has an ultra-low GWP of one, which is 99.9 percent lower than traditional blowing agents and equal to carbon dioxide. It is non-ozone-depleting, nonflammable and is VOC-exempt per the U.S. Environmental Protection Agency (EPA). It has received approval under the EPA’s Significant New Alternatives Policy (SNAP) Program, the European Union’s Registration, Evaluation, Authorisation & restriction of Chemicals (REACH) program and other chemical registration requirements globally.

Air Products’ Polyurethane Additives business, part of the company’s Materials Technologies segment, is a global leader and offers the broadest product line of catalysts and surfactants for all types of foam. Air Products has been an industry leader in enabling blowing agent technology transitions and will continue to innovate with this fourth generation change.

To learn more about Polycat 204 catalyst and other additives designed for use with the new HFO Blowing Agents, please visit airproducts.com/HFOBlowingAgents. Air Products will be attending the CPI Technical Conference in Orlando from October 5-7 and presenting a technical poster on Polycat 204 catalyst.

To learn more about Solstice LBA, please visit http://www.honeywell-blowingagents.com.

Media Inquiries:
Andrew Ball
Tel: +44 1932 249245

About Air Products
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’ materials technologies segment serves the semiconductor, polyurethanes, cleaning, coatings, and adhesives industries. Over 20,000 employees in 50 countries are working to make Air Products the world’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 www.airproducts.com.

Air Products Announces Intent to Spin-Off Materials Technologies Business

Wed, 16 Sep 2015 00:00:00 -0400

Board of Directors Approves Move Consistent With Strategic Five-Point Plan
Enables leading and focused Industrial Gas and Materials Technologies companies to leverage critical competencies
Seifi Ghasemi to be non-executive chairman and Guillermo Novo to be CEO of the new company
Conference call on Thursday, September 17, 2015 at 8:00 a.m. ET

Air Products (NYSE: APD) 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).

“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,” said Seifi Ghasemi, chairman, president and chief executive officer (CEO) at Air Products.

This strategic decision will allow Air Products’ 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’ Board of Directors and management.

“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,” said Ghasemi.

“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,” said Guillermo Novo, executive vice president – Materials Technologies.

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.

Conference Call Details:
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.

Live teleconference: 719-325-4751
Passcode: 4483419
Internet broadcast: Available on the Event Details page on Air Products’ Investor Relations web site.

Telephone replay: 888-203-1112 or 719-457-0820 (international)
Passcode: 4483419
This will be available from 1:00 p.m. ET on September 17 through 12:00 p.m. ET on September 24.
Internet replay: Available on the Event Details page on Air Products’ Investor Relations web site.

About Air Products
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’ 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’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 www.airproducts.com.

This news release contains “forward-looking statements” within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements about the Company’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’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’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’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.

Air Products to Increase Prices of Polyurethane Additives

Wed, 01 Oct 2014 00:00:00 -0400

Air Products (NYSE:APD) today announced that, effective October 1, 2014, it will increase prices by five to ten percent on Dabco® and Polycat® polyurethane catalysts in Europe, Middle East and Africa.

The increase is necessary to offset raw material and distribution cost increases.

About Air Products
Air Products (NYSE:APD) provides atmospheric, process and specialty gases; performance materials; equipment; and technology. For over 70 years, the company has enabled customers to become more productive, energy efficient and sustainable. Recognized as one of the world’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, natural gas liquefaction, and advanced coatings and adhesives. In fiscal 2013, Air Products had sales of $10.2 billion. For more information, visit www.airproducts.com.

NOTE: This release may contain forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management’s reasonable expectations and assumptions as of the date of this release regarding important risk factors. Actual performance and financial results may differ materially from projections and estimates expressed in the forward-looking statements because of many factors not anticipated by management, including risk factors described in the Company’s Form 10K for its fiscal year ended September 30, 2013.

Air Products to Increase Prices of Polyurethane Additives

Fri, 18 Jul 2014 00:00:00 -0400

Air Products (NYSE:APD) today announced that, effective August 15 2014, it will increase prices by five percent on all polyurethane additives products, including Dabco®, Polycat® and Versalink® products in North America, South America and South Africa.

The increase is necessary to offset raw material and distribution cost increases.

About Air Products
Air Products (NYSE:APD) provides atmospheric, process and specialty gases; performance materials; equipment; and technology. For over 70 years, the company has enabled customers to become more productive, energy efficient and sustainable. Recognized as one of the world’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 www.airproducts.com.

NOTE: This release may contain forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management’s reasonable expectations and assumptions as of the date of this release regarding important risk factors. Actual performance and financial results may differ materially from projections and estimates expressed in the forward-looking statements because of many factors not anticipated by management, including risk factors described in the Company’s Form 10K for its fiscal year ended September 30, 2013.

空气产品公司宣布在亚洲区提高聚氨酯添加剂销售价格

Sun, 01 Dec 2013 00:00:00 -0500

空气产品公司(纽约证券交易所代码: APD ) 今天宣布从今天起，将提高亚洲区Dabco® Crystal三乙烯二氨催化剂以及部分Polycat®催化剂销售价格，涨幅为可达到10%。

关于空气产品公司
空气产品公司（Air Products, 纽约证券交易所代码：APD）提供空分、工艺和特种气体，功能材料，相关设备及技术。70多年来，公司一直帮助客户提高生产效率和能源效益，以实现可持续性发展。空气产品公司同时被汤森路透和福布斯杂志评为全球最具创新力企业之一，其遍布全球50多个国家和地区的 20000多名员工为能源、环境和新兴市场提供有效的解决方案，包括半导体材料、加氢炼化、煤气化、天然气液化以及先进的涂料和粘合剂等。2013财年度，空气产品公司的销售额为102亿美元。欲获得更多信息，请登陆公司中文网站：www.airproducts.com.cn。

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2013年9月30日结束。

媒体垂询：
博达公关上海办事处
联系人：常东升
电话：(8621) 62893488–15
邮件： diana.chang@ebacomms.com

Air Products is Celebrating 50 Years of Supplying Dabco Catalysts and Will Be Launching a New Generation of Non-Emission Catalysts

Wed, 04 Apr 2012 00:00:00 -0400

Across the globe, manufacturers of polyurethane (PU) materials are demanding increasingly innovative additives that are capable of producing high quality foam with reduced environmental emissions.

Designed for use in the automotive and flexible slabstock sectors, Air Products has been leading the way in the development of new generation low emission non-fugitive catalysts.

Steve Hulme, Global Marketing Manager PU Chemicals at Air Products, said: "When developing low emission catalysts, the biggest challenge has been to fulfil the physical property standards of flexible foams used in automotive seating, in particular to meet properties after humid aging of the foam."

According to Air Products, demand for non-emission catalyst technology has spread globally in the past decade and this is expected to continue. Steve Hulme added: "Initial interest in non-fugitive catalyst technology came from the European automotive industry, but this has since spread to flexible stabstock and rigid foams. We are now seeing an increased demand for this advanced technology from furniture and bedding producers in Asia, for example, which are supplying markets in the EU and US."

In Europe, Air Products is launching two next generation non-emission catalysts at UTECH 2012, Dabco® NE1090 and Dabco BA305. Both these new products have been designed specifically to produce non-emission molded TDI foam that can meet the humid age specification that is required by automotive OEMs. "The technology will close a gap that foam manufacturers have been looking for since many years", added Steve Hulme, "and will be another milestone in 50 years of Air Products´ catalyst developments for the polyurethane industry". New catalysts and surfactants for rigid and flexible foam applications will also be showcased.

Air Products obtained the Dabco business and patent rights when it acquired the Houdry Process Corporation in 1962 and so will be celebrating 50 years of supplying innovative products to the PU industry at Utech 2012.

Air Products manufactures a variety of additives, intermediates and prepolymers for use in the polyurethane industry. These products are widely used in automotive, bedding, furniture, appliance, construction, shoe and many other industries. For more information please visit www.airproducts.com/Polyurethane.

Note to Editors:

About Air Products
Air Products (NYSE:APD) provides atmospheric, process and specialty gases; performance materials; equipment; and technology. For over 70 years, the company has enabled customers to become more productive, energy efficient and sustainable. More than 18,000 employees in over 40 countries supply innovative solutions to the energy, environment and emerging markets. These include semiconductor materials, refinery hydrogen, coal gasification, natural gas liquefaction, and advanced coatings and adhesives. In fiscal 2011, Air Products had sales of $10.1 billion. For more information, visit www.airproducts.com.

Media Enquiries:
Christine Smart
Tel: +44 (0) 121 456 3199

Air Products Increases Prices for Polyurethane Catalysts

Mon, 07 Mar 2011 00:00:00 -0500

Air Products (NYSE:APD) today announced that effective March 1, or as contracts allow, it will be increasing the price of its Dabco® TEDA based catalysts in all geographic regions.

The price increase is necessary to address escalating raw material costs.

Air Products (NYSE:APD) serves customers in industrial, energy, technology and healthcare markets worldwide with a unique portfolio of atmospheric gases, process and specialty gases, performance materials, and equipment and services. Founded in 1940, Air Products has built leading positions in key growth markets such as semiconductor materials, refinery hydrogen, home healthcare services, natural gas liquefaction, and advanced coatings and adhesives. The company is recognized for its innovative culture, operational excellence and commitment to safety and the environment. In fiscal 2010, Air Products had revenues of $9 billion, operations in over 40 countries, and 18,300 employees around the globe. For more information, visit www.airproducts.com.

NOTE: This release may contain forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management’s reasonable expectations and assumptions as of the date of this release regarding important risk factors. Actual performance and financial results may differ materially from projections and estimates expressed in the forward-looking statements because of many factors not anticipated by management, including risk factors described in the Company’s Form 10K for its fiscal year ended September 30, 2010.

Air Products to Increase Prices for Polyurethane Additives and Curatives

Fri, 01 Oct 2010 00:00:00 -0400

Air Products (NYSE: APD) today announced that, effective October 1, 2010 in Asia and November 1, 2010 in all other regions, or as contracts allow, it will increase prices by up to 10% for Versalink ® curatives, Dabco® silicone and organic surfactants, Dabco® metal catalysts, and select Dabco® and Polycat® amine catalysts.

Air Products (NYSE:APD) serves customers in industrial, energy, technology and healthcare markets worldwide with a unique portfolio of atmospheric gases, process and specialty gases, performance materials, and equipment and services. Founded in 1940, Air Products has built leading positions in key growth markets such as semiconductor materials, refinery hydrogen, home healthcare services, natural gas liquefaction, and advanced coatings and adhesives. The company is recognized for its innovative culture, operational excellence and commitment to safety and the environment. In fiscal 2009, Air Products had revenues of $8.3 billion, operations in over 40 countries, and 18,900 employees around the globe. For more information, visit www.airproducts.com.

NOTE: This release may contain forward-looking statements 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.

空气产品公司宣布在亚洲区提高聚氨酯添加剂销售价格

Thu, 30 Sep 2010 00:00:00 -0400

空气产品公司(纽约证券交易所代码: APD ) 今天宣布从2010年10月1日起，将提高亚洲区部分Dabco®胺类催化剂，Dabco金属催化剂，Polycat®催化剂和Dabco表面活性剂产品销售价格，涨幅为可达到10%。

关于空气产品公司

空气产品公司（Air Products, 纽约证券交易所代码：APD）在全球为工业制造、能源、科技和医疗护理等领域的客户提供独特的产品和生产方案，其中包括工业气体产品、特种和工艺气体、功能材料和相关设备及服务。自1940年成立以来，空气产品公司已在半导体材料、加氢炼制、家居保健服务、天然气液化、高级涂料和粘合剂等主要高增长市场上确立了领先地位。公司在创新的企业文化、完善的管理和对环境及安全的保护承诺方面得到了广泛的赞誉。拥有18,900多名员工的空气产品公司，业务遍及全球40多个国家，2009年的销售额达83多亿美元。欲获得更多信息，请登陆公司网站：
www.airproducts.com。

***注释：此新闻稿中可能包含一些前瞻性的陈述。根据目前预期中可能出现的变化，请以实际情况为准。

Air Products Increases Prices for Polyurethane Additives

Wed, 04 Aug 2010 00:00:00 -0400

Air Products (NYSE:APD) today announced that, effective September 1, 2010, or as contracts allow, it will increase prices in North America, South America and South Africa on select Dabco® amine catalysts by 5%.

This price increase is necessary to offset key raw material cost increases the company has incurred over the past several months that impact select Dabco amine catalysts.

Air Products (NYSE:APD) serves customers in industrial, energy, technology and healthcare markets worldwide with a unique portfolio of atmospheric gases, process and specialty gases, performance materials, and equipment and services. Founded in 1940, Air Products has built leading positions in key growth markets such as semiconductor materials, refinery hydrogen, home healthcare services, natural gas liquefaction, and advanced coatings and adhesives. The company is recognized for its innovative culture, operational excellence and commitment to safety and the environment. In fiscal 2009, Air Products had revenues of $8.3 billion, operations in over 40 countries, and 18,900 employees around the globe. For more information, visit www.airproducts.com.

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

空气产品公司宣布在亚洲区提高聚氨酯添加剂销售价格

Wed, 30 Jun 2010 00:00:00 -0400

2010年6月30日，上海 – 空气产品公司 (纽约证券交易所代码： APD ) 今天宣布从2010年7月1日起，将提高亚洲区部分胺类催化剂和硅酮表面活性剂产品销售价格，涨幅为10%-15%。

关于空气产品公司

***注释：此新闻稿中可能包含一些前瞻性的陈述。根据目前预期中可能出现的变化，请以实际情况为准。

Air Products Announces Price Increase for Polyurethane Additives

Mon, 01 Mar 2010 00:00:00 -0500

Air Products (NYSE:APD) today announced that, effective April 1, 2010, it will increase prices for all polyurethane amine and metal catalysts, and silicone and organic surfactants marketed under the Dabco® and Polycat® trade names by 6% globally.

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, visitwww.airproducts.com.

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

Air Products Reviews Its Non-emissive Polyurethane Additives Technologies at UTECH 2009

Wed, 11 Feb 2009 00:00:00 -0500

At UTECH 2009, Air Products will review the recent developments in its polyurethane additives market, which address the increasing demand for foam products able to provide excellent physical properties with no emissions. The paper will be presented at the UTECH conference, on Tuesday 31st March at 14.30, auditorium A.

Air Products is committed to providing additives for the polyurethane industry aimed at addressing issues such as improved productivity, quality and cost while satisfying the constant demands for more environmentally friendly products. During the last few years, foam manufacturers have shown a growing interest for products with minimal emissions. Consequently, the industry has seen the development of technologies able to provide high quality finished products with minimal emanations into the environment. Demanding requirements for high performance and low or non-emissions from polyurethane products is a key requirement in many applications.

Over the last decade, Air Products has developed a variety of Dabco^® amine catalysts and silicone surfactants to actually address those issues. For more information on Air Products additives, please visit: www.airproducts.com/utech2009; or meet our sales team in the Rhine meeting room at the congress centre.

About Air Products
Air Products (NYSE:APD) serves customers in industrial, energy, technology and healthcare markets worldwide with a unique portfolio of atmospheric gases, process and specialty gases, performance materials, and equipment and services. Founded in 1940, Air Products has built leading positions in key growth markets such as semiconductor materials, refinery hydrogen, home healthcare services, natural gas liquefaction, and advanced coatings and adhesives. The company is recognized for its innovative culture, operational excellence and commitment to safety and the environment. Air Products has annual revenues of over $10 billion, operations in more than 40 countries, and 21,000 employees around the globe. For more information, visit www.airproducts.com.

Air Products Increases Prices for Polyurethane Chemicals

Tue, 02 Sep 2008 00:00:00 -0400

Air Products (NYSE:APD)today announced that, effective October 1, 2008, it will be increasing the prices for all Dabco TEDA-based products by 10-20% and all other polyurethane catalysts and additives for the polyurethane market by 5-10%.

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

Air Products Increases Prices for Dabco Surfactants

Tue, 08 Jul 2008 00:00:00 -0400

Air Products (NYSE:APD) today announced that, effective August 1, 2008, it will be increasing the prices for all Dabco silicone and non-silicone surfactants for the polyurethane market by 7% in all regions of the world.

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

Air Products Increases Prices for Polyurethane Prepolymers and Curatives

Mon, 16 Jun 2008 00:00:00 -0400

Air Products (NYSE:APD) today announced that effective July 15, 2008, or as contracts allow, it will increase prices in North America on all Airthane® and Versathane® polyurethane prepolymers, and Versalink® polyurethane curatives. The amount of the price increase will vary based on product type and are detailed below:

Product	Increase
Polyether Backbone Prepolymers Airthane PET, PHP, PPT, APC and API series prepolymers (e.g. PET-95A, PHP-75D) Versathane 1090, 1160, and 2070	$0.12/lb
Polyester Backbone Prepolymers Airthane PST series prepolymers (e.g. PST-80A) Versathane A series prepolymers (e.g. A9, A9QM)	$0.10/lb
Versalink Curatives Versalink P1000, P650, P250, 740M and MCDEA	$0.10/lb

This price increase is necessary to offset increases in the cost of raw materials, transportation costs related to fuel prices, and container costs related to steel.

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

Air Products Increases Prices for Polyurethane Chemicals

Tue, 03 Jun 2008 00:00:00 -0400

Air Products (NYSE:APD) today announced that, effective July 1, 2008, it will be increasing the prices for all Dabco TEDA products by 6-10%, Polycat 8 by 5%, and metal-based catalysts by 10-20%, in all regions of the world.

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

Air Products Increases Prices for Polyurethane Additives

Mon, 03 Mar 2008 00:00:00 -0500

Air Products (NYSE:APD) today announced that, effective April 1, 2008, it will be increasing the prices for all polyurethane amine and metal-based catalysts by 5% in all regions of the world, excluding Dabco TEDA products in China where Air Products announced that, effective March 1, 2008, prices will increase on DABCO TEDA products by 5-15%.

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 www.airproducts.com.

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

Air Products Announces Price Increase for Polyurethane Catalysts

Wed, 19 Dec 2007 00:00:00 -0500

Air Products today announced that, effective January 15, 2008, it will be increasing the prices for Dabco^® TEDA based catalysts by 5-10%, Dabco DC silicone and organic based surfactants by 10%, and Dabco metal based catalysts by 5-10% in all geographic regions. Air Products will also be increasing prices on other select amine catalysts on a regional basis.

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

Air Products Announces Price Increases for Polyurethane Catalysts

Wed, 05 Sep 2007 00:00:00 -0400

Air Products today announced that, effective October 1, 2007, it will be increasing prices for Dabco TEDA based catalysts by 5–10% in all geographic regions. The company also will be increasing prices for other select Polycat amine catalysts and tin metal based catalysts by 5–10% on a regional basis.

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

Air Products Completes Expansion of Its China Technology Center

Thu, 15 Mar 2007 00:00:00 -0400

Air Products (NYSE: APD) has embarked on a major expansion of its China Technology Center in Shanghai to support the fast-growing businesses in Asia. The expanded center will further complement Air Products’ regional technology centers in Japan, Korea and Taiwan.

The expansion, built on space adjoining the current facility, has a high bay which is equipped with two high-pressure polyurethane machines and accessory tools for both rigid and flexible applications that supplement the existing shoe sole capability. Two spray booths, aqueous and non-aqueous, will be used for spray coating development. The new space also features a general-purpose lab with additional fume hoods, expanded chemicals storage areas and associated office space to provide new application and product development, technical services, process R&D and in-region analytical to support all businesses including Gases, Performance Materials and Electronics.

The expansion of the China Technology Center will enable Air Products to enhance its capabilities and material solution offerings, and bring support closer to its key customers in Asia, particularly in sectors such as polyurethane, coatings, inks, adhesives, civil engineering, personal care, cleaning, mining, oil field and other industries. These markets are growing at over 10 percent a year, and growth is expected to accelerate as China continues to develop as a global manufacturing center.

“This latest step in strengthening our technology capabilities will support our fast-growing businesses in China and across the Asia region,”said Wilbur Mok, Air Products’ Asia President. “Our new investment in China will bring us closer to our customers throughout the region, and increase the speed by which we create innovative solutions and value-added offerings that address the specific requirements of local markets.”

Bobby Chen, Air Products’ Asia Technology Director, said the expansion in Shanghai underscores Air Products’ commitment to driving growth through innovation. “Our Asian Technology Centers are fully integrated into our global technology network,” he said. “They complement and support one another, with each center having specific market focus in serving customers by leveraging the company’s strength in material and surface sciences, analytical technology, application and engineering excellence.”

The company has also recently upgraded its Electronics technology capabilities in Korea and Taiwan, and Performance Materials technology capabilities in Japan. The Electronics and Performance Materials business is one of Air Products’ four global business divisions.

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 and is listed in the Dow Jones Sustainability and FTSE4Good Indices. The company has annual revenues of $9 billion, operations in over 40 countries, and over 20,000 employees around the globe. For more information, visit www.airproducts.com.

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

Air Products Completes Sale of Its Geismar, La. DNT Production Facility to BASF Corporation

Wed, 05 Apr 2006 00:00:00 -0400

Air Products (NYSE: APD) today announced that it completed the sale of its dinitrotoluene (DNT) production facility in Geismar, La. to BASF Corporation for $155 million on March 31. Air Products had announced the planned sale on March 22 as part of its Polyurethane Intermediates business restructuring.

The plant is located at BASF's major manufacturing site in Geismar. The Air Products industrial gas facilities at this same location are not included in this proposed transaction and will continue to produce and supply hydrogen, carbon monoxide and syngas for BASF and other customers. This transaction does not include Air Products' Pasadena, Texas polyurethane intermediates facility, which continues to operate.

On March 22, Air Products also announced it is exploring the sale of its Amines and Polymers businesses, and was acquiring specialty surfactants producer Tomah3 Products, of Milton, Wis., to enhance its Performance Materials business. The Tomah acquisition was completed on March 31. Combined, these actions will enable the company to further sharpen its focus on its four growth platforms: Energy and Process Industries, Electronics, Homecare, and Performance Materials, as well as its position in the Asia region. The company also announced it was accelerating its return of cash to shareholders through a $1.5 billion share repurchase program and increased its quarterly dividend from $0.32 to $0.34. The dividend is payable on May 8, 2006 to shareholders of record at the close of business on April 3, 2006.

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 www.airproducts.com.

NOTE: 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 or circumstances upon which any such forward-looking statements are based.

Air Products To Increase Prices For Polyurethane Amine And Metal Catalysts, Silicone Surfactants And Specialty Products

Fri, 21 Oct 2005 00:00:00 -0400

Effective November 15, 2005, Air Products will implement a price increase of up to ten percent, or as contracts allow, in Europe, Middle East and Africa for all Dabco® and Polycat® polyurethane amine and metal catalysts, Dabco DC® silicone surfactants and LK® surfactants.

This price increase is necessary to at least partially offset significant cost increases seen in raw materials, energy, fuel, and distribution expenses. Air Products is a global leader in the polyurethane additives industry, offering products and technologies that enable its customers to maintain and grow their businesses profitably.

Air Products To Increase Prices For Polyurethane Amine And Metal Catalysts, Silicone Surfactants And Specialty Products

Tue, 11 Oct 2005 00:00:00 -0400

Air Products (NYSE:APD) today announced that, effective October 15, 2005, it will implement a price increase of five percent, or as contracts allow, in the United States and Canada for all Dabco® and Polycat® polyurethane amine and metal catalysts, Dabco® DC silicone surfactants, LK® surfactants, and specialty products, including BDO, DEOLA-LF, VS-103®, and PEP® promoters.

This price increase is necessary to offset significant cost increases seen in raw materials, energy, fuel, and distribution expenses. Market prices for petrochemicals, fuel, and metals purchased for the production and distribution of these products increased steadily throughout 2005, but more dramatically over recent weeks.

Air Products and Chemicals, Inc. is a global leader in the polyurethane additives industry, offering products and technologies that enable its customers to maintain and grow their businesses profitably.

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

Air Products to Increase Prices for Polyurethane Surfactants and Amine Catalysts under Dabco® and Polycat® Trademark

Mon, 25 Oct 2004 00:00:00 -0400

Air Products (NYSE:APD) today announced that, effective November 15, 2004, it will implement a global price increase on all Dabco® polyurethane surfactants and amine catalysts, and Polycat® polyurethane amine catalysts, by 6% and metal-based catalysts by 10%, or as contracts allow, as it is no longer possible to absorb rising costs without increasing prices.

This increase is necessary to offset rapidly escalating energy and raw material costs associated with the production of these products despite the company's best efforts to offset these increases with ongoing productivity improvements.

Air Products remains committed to investing in its polyurethane additives business, and offering the products and technologies that enable its customers to maintain and grow their businesses profitably.

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