Air Products' Indura to Open New Liquid Plant in Southern Chile

New Facility is World's Southernmost Industrial Gas Plant Serving Merchant Market

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Oct 11, 2012, 03:00 ET

LEHIGH VALLEY, Pa., Oct. 11, 2012 /PRNewswire/ -- Air Products (NYSE:APD) today announced that Indura, its South American joint venture, has opened a new 84-ton-per-day industrial gas plant producing liquid oxygen, nitrogen and argon in Puerto Varas, Chile. The new facility, which will include a cylinder filling system, will serve local industry including the burgeoning aquaculture market.

The new plant's location in Puerto Varas, which is more than 1,000 miles south of Santiago, makes it the world's southernmost industrial gas plant serving the merchant market. Besides aquaculture, the facility will also supply the metalworking, health and food industries.

"We are proud of the opening of this new facility as we continue to build our business in this exciting growth region," said Mike Olivares, vice president and general manager of Merchant Gases, Latin America for Air Products.

Indura has annual sales of $478 million/CLP 244 billion. Its integrated gas and retail business includes liquid bulk, small on-sites and packaged gases. In July, Air Products purchased a majority stake in Indura. Air Products already has existing interests in Latin America, through its wholly-owned businesses in Brazil, Argentina and its joint venture, Grupo Infra, headquartered in Mexico.

About Air Products

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. More than 20,000 employees in over 50 countries supply innovative 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 2011, Air Products had sales of approximately $10 billion. 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, 2011.

SOURCE Air Products