Industrial gas company
Air Products & Chemicals Inc
) announced that its Inert Wave Soldering Technology has won SMT
China Vision Award. Air Products is the first and only recipient of
the award in the industrial gases industry.
The SMT China Vision Award was conferred on Air Products after
considering a number of parameters including the company's
contributions in helping the downstream industry to cut cost,
improve quality, increase efficiency and reliability, ensure
safety, and protect the environment.
The new generation Inert Wave Soldering technology helps in
reducing costs and soldering defects resulting in better
production. The technology enables reduced manufacturing and
material costs as well as lower rates of nitrogen flow. On a daily
basis, the technology also helps to reduce major defects and
formation of impurities on the molten metals by about 90%.
Air Products remains optimistic about the technology, which will
improve the quality of its products and also help in controlling
costs, leading to environmental safety by reducing the solder
impurities. The technology caters to the local and global market
needs of the electronics industry.
Last week, Air Products also announced that it is the official
hydrogen fueler for the ride-n-drive demonstration events at the
World Hydrogen Energy Conference 2012 in Toronto, Canada. The
Pennsylvania-based company has offered its hydrogen fueling
technology to fuel hydrogen fuel cell vehicles of the automobile
makers who took part in the event.
Air Products offers industrial gases as well as a variety of
polymer and performance chemicals and serves technology, energy,
industrial and health care customers globally. The company benefits
from a long-term take-or-pay contract, a consolidated industry
structure, diverse customer base and sustained pricing power.
However, soaring energy and raw material costs pose a threat to
Air Products, which competes with
), currently retains a short-term Zacks #4 Rank (Sell). We have a
long-term Neutral recommendation on the stock.
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