Air Products Announces Price Increase for High-Purity Process Chemicals Used in Electronics Applications
Posted on: Tuesday, 19 June 2007, 18:00 CDT
LEHIGH VALLEY, Pa., June 19 /PRNewswire-FirstCall/ -- Effective July 1, Air Products will increase the price of certain high-purity process chemicals by 4 to 12 percent. The company attributes the increase primarily to the continued escalation in raw material prices, especially those which are influenced by volatile energy prices.
Likewise, the cost of many packaging materials has also been on the rise on account of higher basic chemical feedstock materials. Air Products continuously strives to minimize the impact of these changes via sourcing, manufacturing, and distribution initiatives. To date, however, the pace of these increases has exceeded our ability to mitigate them.
To hear more on high-purity process chemicals, check out a podcast with Jeff Handelman, manager of HPPC for Air Products at http://www.airproducts.com/markets/electronics/elearning_center/index.asp#.
***NOTE: This release may contain forward-looking statements. Actual results could vary materially, due to changes in current expectations.
Air Products
CONTACT: Media, Robert Brown, +1-610-481-1192, brownrf@airproducts.com,or Investors, Nelson Squires, +1-610-481-7461, squirenj@airproducts.com, bothof Air Products
Web site: http://www.airproducts.com/
Source: PRNewswire-FirstCall
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