Air Products To Continue Multi-Phase Expansion In Korea
Zacks Investment Research | Jan 03, 2018 09:21PM ET
Air Products and Chemicals, Inc. (NYSE:APD) plans to construct two more nitrogen plants as part of the multi-phase expansion serving Samsung Electronics (KS:005930) Co. Ltd.’s (OTC:SSNLF) giga fab in Pyeongtaek City, Gyeonggi Province, South Korea.
In 2015, Air Products was awarded a major contract by Samsung Electronics to build multiple production facilities across multiple phases. Per the deal, the company had built an ultra-high purity nitrogen plant; hydrogen generators, a liquefier, and a bulk specialty supply system in phase one. Further, its second ultra-high purity nitrogen plant came on-stream, marking the completion of its phase two expansion to supply additional nitrogen to the fab.
Shares of Air Products have rallied 8.5% in the past three months, outperforming the Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.