MOSCOW (MRC) -- Air Products and Chemicals Inc. APD has opened a new advanced non-electronics specialty gas and helium transfill center in Ochang, North Chungcheong, South Korea, said Nasdaq.
The company has built the facility to cater to the growing demand of numerous industries including automotive, analytical, petrochemical and bio-healthcare, among others. The industrial complex of Ochang houses fine chemical, pharmaceutical and electronic materials producers. The location will enable Air Products to transfer high purity gases more efficiently and consistently to the industries situated in the area. The new plant will be producing high purity specialty gases (99.995% and higher) including rare gases and mixtures along with packaged helium.
Air Products aims to strengthen its supply abilities locally and cater to the growing markets. The new facility in South Korea will thus help the company serve this important specialty gas and helium region better.
Specialty gases help industries improve returns, reduce costs and work efficiently. Air Products' Ochang facility will supply the gases in 10 liter 150 bar cylinders, 47 liter 150 bar cylinders and cylinder packs, as well as 50 liter 180 bar cylinders. These cylinders will be supplied in 50 liter 200 bar high-pressure and large-volume cylinders. The company has a number of other helium manufacturing plants.
With its focus on Asia, last month Air Products announced its decision to expand in east China. The company has decided to build a new plant and the infrastructure associated with it, in the Pukou Economic Development Zone ("PKEDZ"), Nanjing. The plant will provide customers in the park with ultra-high purity gases. Recently the company was also awarded a long-term supply contract in South Korea. It will supply oxygen to KCC Corporation's new glass wool production line in Gimcheon which is expected to come online in Jan 2017.
As MRC informed earlier, Air Products is in advanced talks to sell its performance materials operations to Evonik Industries. The business, which makes chemicals used in sun lotion and paint, could be valued at more than USD3.5 billion. Air Products had previously announced plans to spin off both its performance materials and electronic materials units into a new company called Versum Materials in order to focus on industrial gases.
MRC