Air Products and Chemicals Inc.
) has been awarded a major contract by Samsung Electronics to
supply complete bulk-specialty gas and chemical-delivery systems
to the latter's memory fab in Xi'an, Shaanxi Province in western
As per the contract, Air Products will be required to design and
construct a bulk specialty gas supply (BSGS) yard where the
company's turnkey piping will connect the yard with the fab for
distributing bulk specialty gases for the manufacturing process.
The company will also supply its state-of-the-art specialty gas
delivery equipment and specialty liquid chemical delivery
equipment in the fab.
Samsung's operation in the Xi'an High Tech Zone represents one
of the company's largest overseas investments as well as one of
the most advanced of its kind in China. The memory products
produced by the fab in the Xi'an High Tech Zone will be widely
used in portable devices such as smartphones, tablet computers,
digital cameras and USB drives.
In 2012, Air Products received a major contract from Samsung
to supply ultra-high purity nitrogen and other bulk gases,
including oxygen, argon, hydrogen, helium and compressed dry air,
to Samsung's fab in the Xi'an High Tech Zone. Air Products has
built several large air separation plants to support the needs of
Samsung as well as the merchant market in the region.
With the present contract, Air Products can expand into the
western region of China and establish its presence there. The
company has established its new office in Xi'an High Tech Zone,
which includes engineering and operational capabilities to
support fast business growth in China.
Air Products currently carries a Zacks Rank #3 (Hold).
Other better-ranked stocks in the chemical industry include
PPG Industries Inc.
Cytec Industries Inc.
The Dow Chemical Company
), each with a Zacks Rank #2 (Buy).
AIR PRODS & CHE (APD): Free Stock Analysis
CYTEC INDS INC (CYT): Free Stock Analysis
DOW CHEMICAL (DOW): Free Stock Analysis
PPG INDS INC (PPG): Free Stock Analysis
To read this article on Zacks.com click here.