) said that it has entered into agreements with a host of Chinese
recycled copper makers to offer its oxy-fuel solution. The
industrial gas giant has landed contracts with more than 20
manufacturers and around half of its solutions are already in
Air Products' oxy-fuel solution for recycled copper, which
includes the supply of oxygen, a patented oxy-fuel burner and
fully integrated control equipment, helps to enhance productivity
and material qualities vis-à-vis legacy air-fuel technologies. It
also helps in reducing harmful emissions and energy consumption
and fuel costs throughout the operation.
Tianjin, Northern China-based leading scrap copper recycling
company Dashan Copper became the first to use Air Products'
oxy-fuel solution in China. The use of the solution has resulted
in roughly two-thirds savings in fuel consumption, lower
emissions and increased operational flexibilities.
Moreover, leading scrap metal recycling company Jinlong Group,
which is based in Hunan Province, Southern China, has seen a
meaningful reduction in fuel consumption and nitrogen oxide
emissions following the use of Air Products' oxy-fuel solution.
Air Products, which is among the first multinational gas
companies to enter China, has been catering the nation's
strategic markets for more than 25 years. The company remains
committed to work with Chinese copper makers to boost the
sustainable growth of the industry.
Recycled copper makers in China are faced with challenges of
increasing raw material costs and tough environmental regulations
in their pursuit to stay competitive and attain sustainable
growth. The recycling and re-use of non-ferrous metals has been
seen as a high-growth industry in China to increase productivity
while cutting waste and emissions. Recycled copper will account
for 40% of copper production in China by 2015, according to the
country's five year plan for non-ferrous metals industry.
Air Products benefits from a diverse customer base, sustained
pricing power and cost-reduction measures. New business deals and
strategic investments are expected to support its results in
However, Air Products' tonnage gases business continues to face
challenges due to maintenance outages. Moreover, higher energy
costs pose a threat to margin expansion.
Air Products is a Zacks Rank #3 (Hold) stock.
Other companies in the chemical space worth considering
Northern Technologies International Corp.
The Dow Chemical Co.
). While both Methanex and Northern Technologies carry a Zacks
Rank #1 (Strong Buy), Dow Chemical holds a Zacks Rank #2
AIR PRODS & CHE (APD): Free Stock Analysis
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