Air Products Announces North America Price Increase for Liquid and Bulk Helium Gases
Effective January 1, 2012, or as contracts permit, Air Products (NYSE: APD) will be implementing a price increase for liquid and bulk helium gases in North America. Specific adjustments are being communicated directly to customers.
The price increase is the result of several factors. The global helium market continues to experience severe shortages in the supply needed to meet the world's growing demand. The industry-wide shortage has made it increasingly difficult to maintain Air Products' global system for meeting customer requirements, and unfortunately this situation is expected to continue well into the future. Air Products has incurred increased costs to operate in this manner, as its worldwide helium team is managing this difficult situation on a daily basis in order to maintain uninterruptible supply to customers.
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