Industrial gas giant
Air Products & Chemicals Inc.
) has completed the $10 million capability expansion of its three
packaged gases plants located in China to meet the increasing
demand of the country's high-growth metal fabrication industries.
The expansion was completed with the three state-of-the-art gas
transfills located in Kunshan, Guangzhou and Tianjin in
China. These plants are now ready to supply Air Products'
unique Linx gas regulators, range of shielding gases and other
industrial gases to the most developed economic zones of China,
namely Yangtze River Delta, Pearl River Delta and Bohai Gulf. The
products supplied by Air Products from these three plants support
welding, cutting and other processes for metal fabrication
business in China.
Air Products' metal fabrication segment has enjoyed major market
base in China since 2008. Fabricators focus more on shielding
gases as an effective solution to cost, productivity, quality,
safety and environmental requirements. Thus, the leading
fabricators across the globe prefer to use Air Products' Linx
shielding gases for wielding, which represents an important
process of metal fabrication.
Air Products has been selected as the exclusive official gas
supplier for the ongoing 18th Beijing Essen Welding & Cutting
Fair in Shanghai. Air Products was selected due to its
high-performance shielding gases and reliable supply. This is the
fourth year in a row that Air Products is serving such a big
welding fair in Asia. Air Products is expected to supply nearly
500 cylinders of gases to this fair from its expanded Kunshan
The Kunshan plant at present supplies helium, specialty and
high-purity gases, calibration mixtures and the newly-added Linx
range to diverse markets including metal fabrication, optical
fiber, machinery processing, fine chemicals and electronics, labs
and hospitals in East China.
Air Products holds a strong market position in China. It operates
with more than 40 entities and 50 production facilities in the
country, serving a broad range of industries including those
stipulated in the 12th Five-year Plan. Air Products also opened a
welding lab in its advanced gas applications laboratory in
Shanghai last year.
Air Products currently holds a short-term Zacks Rank #4
Other companies in the chemical industry that are worth
Shin-Etsu Chemical Co., Ltd.
). While Shin-Etsu Chemical and Methanex hold a Zacks Rank #1
(Strong Buy), Celanese retains a Zacks Rank #2 (Buy).
AIR PRODS & CHE (APD): Free Stock Analysis
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METHANEX CORP (MEOH): Free Stock Analysis
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