AirProducts.com is Manufacturer of industrial goods

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Air Products and Chemicals, Inc.

Air Products and chemicals Inc. was founded in the year 1940. The company has established itself among the market leaders in serving the needs of a wide range of customer base in industrial, technology, energy and healthcare fields. The unique products range of the company extends into atmospheric gases, process and specialty gases, performance materials, and equipment and services. The company highly specializes in the production of semiconductor materials, refinery hydrogen, home healthcare services, natural gas liquefaction, and advanced coatings and adhesives. Listed in the Dow Jones Sustainability and FTSE4Good Indices, the company has earned a great reputation for its innovative culture, excellent operation and commitment to environment and safety.

Company History

Air products found its beginnings in 1940 in Detroit with the efforts of late Leonard P. Pool, who had an innovative idea of on-site concept of producing and selling industrial gasses, especially oxygen. He attempted to find an alternative to heavy containers that weighed five times more than the gas. He proposed building oxygen gas generating facility near commercial users of oxygen, pipe it for all their needs and thereby reduce the distribution costs. The company began leasing its oxygen generator to a small steel company in Detroit in the year 1941. Following quite lucrative orders, the company was invited to supply oxygen for the use of military personnel in high-altitude flights. Moving to Chattanooga, Tennessee, the company produced about 240 oxygen generators. On termination of the military contract, the company shifted its attention to commercial markets by setting up operations close to the industrial markets of the northeast.

In 1950s, the company started producing tonnage quantities of liquid oxygen and nitrogen and championed the supplying of gas over the fence to customers on a take-or-pay basis for the first time in the industry. A series of innovations and acquisitions followed. In 1980s, the company entered Korea, Japan, Malaysia, Hong Kong, the People's Republic of China, Thailand, and Taiwan. Besides this, the company also expanded its polymer and polyvinyl related productions.

In 1980s, the company expanded in the areas of power generation, air pollution control, and energy recovery from solid waste. In 1990s, the company expanded in Italy, Asia, Singapore and Indonesia, Korea and Japan and championed the production of a variety of gas and chemical products to semiconductor. This period brought potential growth to the company and recently, the company went for the divestiture of its polyvinyl alcohol business and most of our U.S. packaged gas business.

In addition to this, with the acquisition of American Homecare Supply (AHS) in 2002, the company also entered U.S. homecare business. The company thus started providing home medical services to more than 275,000 patients in 14 countries from more than 200 locations. With the acquisition of Sanwa Chemical of Japan, the company broadened its position in epoxy chemicals in Asia.

Products and Services

Air Products is one of the champions of commercial gasses and chemicals producers to serve the needs of technology, products, energy, healthcare and industrial markets worldwide. The company has to its credit a wide range of products, services and solutions and the company is effectively supplying atmospheric and specialty gasses, performance materials and chemical intermediates. The company is the leader in producing semiconductor materials, refinery hydrogen, home healthcare services, natural gas liquefaction, and advanced coatings and adhesives. In addition, the company also provides the liquid hydrogen and liquid oxygen used as fuel for the Space Shuttle External Tank.

Company Profile

The company is listed in the New York stock exchange with the ticker symbol APD. The company operates in more than 30 countries with annual revenue of over $90 billion, employing 20,000 employees around the globe. In 2007, the company has been ranked 275 in sales among the Fortune 500 companies. The corporate headquarters of the company is located in a 600-acre campus in eastern Pennsylvania's Lehigh Valley, near Allentown. The European headquarters are at Hersham, near London and the Asian headquarters are in Singapore, with offices in Tokyo and Hong Kong.

Official Website

The official website of the company is AirProducts.com. The site is a quite exhaustive source for a an extensive study about the company. The sites listed under list of references and additional readings may throw more information on the business profile of the company, and a comparative study with other firms and an objective research report.