LEHIGH VALLEY, Pa., Sept. 10, 2018 /PRNewswire/ -- Air Products
(NYSE: APD) today announced it has been awarded by Samsung Electronics additional gaseous nitrogen and hydrogen supply to its
semiconductor fab in Giheung, South Korea.
Air Products, who has been supplying industrial gases to Samsung Electronics' Giheung site since 1998, will invest in building
a new air separation unit, multiple hydrogen plants, and pipelines, which are scheduled to be operational in 2020 to supply the
customer's increased demand.
"We are proud to expand our longstanding relationship with Samsung Electronics and have their continued confidence in our
ability to support their technological development and growth plans," said Kyo-Yung Kim, president
of Air Products Korea. "Our latest investment once again reinforces Air Products' commitment to serving our strategic customer,
as well as the broader semiconductor and electronics industries, with our safety, reliability, efficiency and excellent
service."
Air Products supplies many of Samsung's operations worldwide, including its semiconductor cluster in the north region of
South Korea spanning Giheung, Hwaseong and Pyeongtaek. In Pyeongtaek, the company has been
undertaking a multi-phase expansion project to support Samsung Electronics' multibillion dollar fab.
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.
View original content:http://www.prnewswire.com/news-releases/air-products-to-expand-supply-for-samsung-electronics-semiconductor-fab-in-giheung-south-korea-300709566.html
SOURCE Air Products