Air Products (NYSE:APD) has announced that, effective June 1, 2014, or as contracts allow, it will increase prices globally by up to 20 cents per kilogram for select Ancamide, Ancamine, and Sunmide epoxy curing agents and select Nourybond adhesion promoters.
The price increases are necessary to recover higher operating and raw material costs, including recent price increases for tetraethylenepentamine (TEPA).
Air Products (NYSE:APD) provides atmospheric, process and specialty gases; performance materials; equipment; and technology. For over 70 years, the company has enabled customers to become more productive, energy efficient and sustainable. Recognized as one of the world’s most innovative companies by both Thomson Reuters and Forbes magazine, more than 21,000 employees in over 50 countries supply effective solutions to the energy, environment and emerging markets. These include semiconductor materials, refinery hydrogen, coal gasification, natural gas liquefaction, and advanced coatings and adhesives. In fiscal 2013, Air Products had sales of $10.2 billion.
Forward-looking Statements
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, 2013.
Source: Air Products
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