Air Products Awarded Long-term Contract to Supply Leading Glass Wool Manufacturer in South Korea

LEHIGH VALLEY, Pa., Aug. 1, 2016 /PRNewswire/ -- Air Products (NYSE: APD) today announced it has been awarded a long-term contract by KCC Corporation, a leading glass maker and the largest construction material manufacturer in South Korea, to supply oxygen to the new glass wool production line at its Gimcheon facility. The new production line is scheduled to come onstream in 2017.

Air Products will install a PRISM® vacuum swing adsorption (VSA) oxygen generator at KCC Corporation's Gimcheon site to supply on-site gaseous oxygen to the furnace for full oxy-fuel combustion, an advanced technology proven to make glass manufacturing cleaner. By maximizing efficiency and significantly reducing energy requirements, the PRISM product line provides reliable, economical and eco-friendly on-site supply solutions.

"We have been supplying different offerings to KCC Corporation, including at the Gimcheon site, and are honored to have won their continued confidence," said Kyo-Yung Kim, president of Air Products Korea. "Our longstanding relationship, as well as the latest contract with this strategic customer, demonstrates Air Products' capabilities in supporting the growth of a leading glass maker and also the industry as a whole."

Air Products is a leading supplier of integrated solutions to the global glass industry, from gas supply to combustion systems, technology, customized control systems, technical and design expertise, commissioning service, safety and site training, and maintenance contracts and project management. The company is also a leader in oxy-fuel combustion technology with over 50 years of experience and has already installed more than 1,500 Cleanfire® burners around the world. For more information, visit www.airproducts.com/glass.

KCC Corporation, established in 1958, is the largest building material maker in South Korea focusing on developing high value-added products based on high energy efficiency and environmentally friendly technology. With operations throughout the country and overseas, the company has an extensive business portfolio with a leadership position in the domestic float glass, glass wool and industrial paint markets.

About Air Products
Air Products (NYSE: APD) is a world-leading Industrial Gases company celebrating 75 years of operation. 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's Materials Technologies business serves the semiconductor, polyurethanes, cleaning and coatings, and adhesives industries.

The company had fiscal 2015 sales of $9.9 billion and has a current market capitalization of more than $30 billion.  Approximately 19,000 employees in 50 countries strive to make Air Products the world's safest and best performing Industrial Gases company, providing sustainable offerings and excellent service to all customers. 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, 2015.

SOURCE Air Products

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