Air Products To Hike Liquid & Bulk Industrial Gas Prices
Zacks Investment Research | Dec 17, 2018 09:43PM ET
Air Products and Chemicals Inc. (NYSE:APD) will raise product prices, monthly service charges, and surcharges of liquid and bulk industrial gas products for the North American merchant customers. The price hike will be effective Jan 1, 2019 or as contracts permit.
The move is in response to increasing sourcing, production and delivery costs as well as support investments in reliability, security, and safety.
The company is raising prices for liquid argon by up to 20%. Pricing adjustments also include an up to 10% hike for liquid oxygen, liquid nitrogen and liquid carbon dioxide as well as monthly service charges. Based on specific situations, some price adjustments may also be beyond these ranges.
The company will raise Helium prices based on demand, supply and cost situations.
Shares of Air Products have lost 3.6% in the past six months compared with the Zacks Investment Research
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