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Effective March 15, 2015, or
as contracts permit, Air Products
will increase product pricing
and monthly service charges for merchant industrial gas customers in North
America. The pricing adjustments include increases of:
- Up to 20% for liquid argon
- Up to 12% for liquid oxygen and liquid nitrogen
- Up to 10% on monthly service charges
Some price adjustments may be outside of these ranges based on other specific
situations.
The price adjustments are in response to increased costs to reliably supply
Air Products' customers' growing demand for industrial gases. In addition to
higher operating costs for both production and delivery of industrial gas
products, Air Products has also experienced increased costs for bulk tanks due
to higher metal prices.
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, 2014.
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