Air Products Signs New Gas Supply Contract with Tianma Microelectronics
Air Products (NYSE: APD) today announced it has signed a long-term contract with Xiamen Tianma Microelectronics Co. Ltd. for the supply of bulk gases including ultra high-purity nitrogen and oxygen, hydrogen, argon, and helium at its new facility, which is China's first 5.5 Generation low-temperature polysilicon (LTPS) thin-film transistor liquid crystal display (TFT-LCD) and color filter production line, at Xiamen Xiang'an Industrial Park, Fujian Province.
Xiamen Tianma is an affiliate of Shenzhen-listed Tianma Microelectronics Co. (Tianma), China's leading small- and medium-sized TFT-LCD maker. It leverages Tianma's abundant experience in research and development, production, and management in the TFT-LCD industry.
The deal marks another win by Air Products and further strengthens its position in China's fast-growing high-end TFT-LCD market.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.