AP NEWS
Press release content from BusinessWire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from BusinessWire
Press release content from BusinessWire. The AP news staff was not involved in its creation.

Airgas Reinforces Integrated U.S. Supply Network with Two New Air Separation Production Facilities

December 20, 2018

RADNOR, Pa.--(BUSINESS WIRE)--Dec 20, 2018--Airgas, an Air Liquide company, today announced plans to build two new air separation units (ASUs) that increase bulk gas production in the Midwest and Northeast and complement Airgas’ strategic independent supply network throughout the United States. The two new ASUs, along with previously announced production facilities under construction in North Carolina (on-stream late 2019) and Southern California (on-stream early 2019), will ensure access to a vital supply of atmospheric gases, further enable supply chain efficiencies, bolster network reliability and provide capacity for continued growth.

The new ASU near Minneapolis/St. Paul, Minnesota will enhance the company’s gas production to serve growing needs in the Midwest, ensuring long-term reliability of supply and enabling ongoing efficiencies in support of its merchant, packaged and on-site gas customers. Permitting is ongoing and construction will begin in 2019 with operations expected to be on-stream in 2020.

In Fairless Hills, Pennsylvania, a new ASU will increase Airgas’ production capabilities throughout the Northeast and Mid-Atlantic regions, particularly to support major bulk gas markets including Philadelphia and New York City. Airgas will build this ASU on a former industrial site to be redeveloped under Pennsylvania’s Land Recycling Program (ACT 2). Construction is under way and the ASU is slated to be on-stream in early 2020.

Each ASU will produce oxygen, nitrogen and argon for use in customer applications such as food chilling and freezing, metal fabrication, blanketing and purging, and combustion enhancement. In addition, the ASUs will produce medical grade oxygen to supply to hospitals, nursing homes and research laboratories as well as food and pharmaceutical grade nitrogen.

Pascal Vinet, Chief Executive Officer of Airgas, Inc. and Air Liquide Executive Committee Member commented: “With the construction of these two new ASUs, Airgas will deliver on our Air Liquide integration strategy to grow our independent production of bulk gases, to gain efficiencies in our dynamic supply chain, and to deliver product supply reliability to our customers.”

Airgas, Inc.

Airgas, an Air Liquide company, is the leading U.S. supplier of industrial, medical and specialty gases, as well as hardgoods and related products; one of the largest U.S. suppliers of safety products; and a leading U.S. supplier of ammonia products and process chemicals.

Dedicated to improving the performance of its more than 1 million customers, Airgas safely and reliably provides products, services and expertise through its more than 18,000 associates, over 1,400 locations, robust e-Business platform, and Airgas Total Access® telesales channel.

As an Air Liquide company, the world leader in gases, technology and services for Industry and Health, Airgas offers customers an unrivaled global footprint and industry leading technology and innovations.

For more information, please visit www.airgas.com.

A world leader in gases, technologies and services for Industry and Health, Air Liquide is present in 80 countries with approximately 65,000 employees and serves more than 3.5 million customers and patients. Oxygen, nitrogen and hydrogen are essential small molecules for life, matter and energy. They embody Air Liquide’s scientific territory and have been at the core of the company’s activities since its creation in 1902.

Air Liquide’s ambition is to be a leader in its industry, deliver long term performance and contribute to sustainability. The company’s customer-centric transformation strategy aims at profitable growth over the long term. It relies on operational excellence, selective investments, open innovation and a network organization implemented by the Group worldwide. Through the commitment and inventiveness of its people, Air Liquide leverages energy and environment transition, changes in healthcare and digitization, and delivers greater value to all its stakeholders.

Air Liquide’s revenue amounted to 20.3 billion euros in 2017 and its solutions that protect life and the environment represented more than 40% of sales. Air Liquide is listed on the Euronext Paris stock exchange (compartment A) and belongs to the CAC 40, EURO STOXX 50 and FTSE4Good indexes.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181220005698/en/

CONTACT: Airgas Communications

Kim Menard

610-902-6233

kimberly.menard@airgas.comAir Liquide Americas Communications

Michael Rosen

713-624-8023

KEYWORD: UNITED STATES NORTH AMERICA MINNESOTA PENNSYLVANIA

INDUSTRY KEYWORD: ENERGY OIL/GAS SUPPLY CHAIN MANAGEMENT TRANSPORT HEALTH HOSPITALS MEDICAL DEVICES MANUFACTURING LOGISTICS/SUPPLY CHAIN MANAGEMENT CHEMICALS/PLASTICS PACKAGING STEEL RETAIL FOOD/BEVERAGE

SOURCE: Airgas, Inc.

Copyright Business Wire 2018.

PUB: 12/20/2018 01:00 PM/DISC: 12/20/2018 01:00 PM

http://www.businesswire.com/news/home/20181220005698/en