25/01/2018 Lehigh Valley, Pa.
Air Products (NYSE: APD) today announced it has been awarded new long-term contracts from Samsung Display to supply gaseous nitrogen and oxygen, and liquid argon to Samsung’s Organic Light Emitting Diode (OLED) manufacturing complex in Tangjeong, South Korea.
Air Products has been supplying Samsung Display’s Tangjeong production line since 2004. The company is operating five nitrogen plants, a pipeline network and associated infrastructure to support this world-scale complex.
“Samsung has been a long-standing and strategic customer for Air Products. We are proud to have their continued confidence and expand our relationship to support their growth plans as they continue to introduce new technologies that transform the global marketplace,” said Kyo-Yung Kim, president of Air Products Korea. “The new contracts further demonstrate our capability and commitment to serving the electronics industry and the world’s largest electronics customers with safety, reliability, efficiency and excellent service.”
Air Products also supplies many of Samsung’s operations worldwide and has recently announced further investment to supply this customer’s semiconductor fab in Pyeongtaek, South Korea.
A leading integrated gases supplier, Air Products has been serving the global electronics industry for more than 40 years, supplying industrial gases safely and reliably to most of the world’s largest technology companies. Air Products is working with these industry leaders to develop the next generation of semiconductors and displays for tablets, computers and mobile devices.
About Air Products
Air Products (NYSE: APD) is a world-leading Industrial Gases company in operation for over 75 years. 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 had fiscal 2017 sales of $8.2 billion from continuing operations in 50 countries and has a current market capitalization of about $35 billion. Approximately 15,000 passionate, talented and committed employees from a diversity of backgrounds are driven by Air Products’ higher purpose to create innovative solutions that benefit the environment, enhance sustainability and address the challenges facing customers, communities and the world. 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, 2017.