Air Products Enhances Asia Technology Center Capabilities
Zacks Investment Research | Jun 07, 2018 08:42AM ET
Air Products and Chemicals Inc. (NYSE:APD) has upgraded the capabilities of its Asia Technology Center in the Zhangjiang Hi-Tech Park, Shanghai, China. The center, armed with state-of-the-art research and development capabilities, will support the fast-paced development of China and Asia markets through its advanced applications technologies.
The center consists of seven laboratories catering to a vast range of high-growth markets in China and across Asia. The upgraded center includes a food laboratory, which helps improve food quality and safety with liquid nitrogen technologies a water laboratory that makes wastewater and water treatment processes more efficient and environmentally-friendly through oxygen and ozone. Also, it has advanced equipment for the welding, combustion, metals processing, industrial cryogenics, and electronics packaging, assembly and testing laboratories.
Being one of the company's key technology centers in the world, the Asia Technology Center has gone through several expansion cycles. It develops and implements sustainable solutions that help in emissions reduction and resource recycling. Moreover, these solutions help in improving energy efficiency, water and air quality, food safety, and healthcare, addressing increasingly stringent environmental regulations and improve the quality of life.
Air Products’ shares have moved up 17% over a year, outperforming the Zacks Investment Research
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