Market Overview

Air Products to Supply Samsung Electronics' New Memory Fabs in Western China

Air Products (NYSE: APD) today announced it has been awarded a major contract from Samsung Electronics Co. Ltd. in support of its new fabs in Xi'an, Shaanxi Province, western China. This investment marks Samsung Electronics' largest ever overseas investment and the most advanced fabs in China.

The contract reinforces Air Products' global leadership position in the electronics industry and also strengthens its leading role in China by further expanding into the emerging western China region.

Air Products will supply ultra-high purity nitrogen and other bulk gases, including oxygen, argon, hydrogen, helium and compressed dry air, to Samsung Electronics' fabs in Xi'an High Tech Zone, where the first phase is scheduled to be operational in the second half of 2013. In addition, liquid products will be supplied to the merchant market in the region. Under the contract, Air Products will build several large air separation plants.

The memory products produced from the fabs will be widely used in portable devices such as smart phones, tablet computers, digital cameras, USB drive, and other consumer electronics markets where China represents a major market.

Posted-In: News Contracts

 

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