New Cylinder Recertification Operation for Airgas - Analyst Blog


Subsequent to the approval from the U.S. Department of Transportation (DOT) Pipeline and Hazardous Materials Safety Administration, Airgas Inc. ( ARG ) announced that a cylinder recertification facility in its Airgas Refrigerants, Inc. plant is operating successfully.

Based in Smyrna, Ga., Airgas Refrigerants plant is now able to recertify its fleet of refrigerant cylinders. The compliance will allow recertification of low-pressure cylinders which are manufactured under 4B series comprising 4BA and 4BW.

Prior to this, third party service providers conducted cylinder recertification process for Airgas. The Airgas Refrigerants recertification qualifications, including visual inspections, hydrostatic testing and direct expansion testing will eradicate the need of  third party vendors. It will also reduce waste and cost by rationalizing Airgas' operations.

The cylinder recertification facility was created in anticipation of the growing market for reclaiming used refrigerants. This facility is in line with the company's commitment to reducing waste and creating efficiencies to deliver the best products and services in the refrigeration industry.

Generally, chlorofluorocarbons were used as refrigerants, but they are being phased out because of their ozone depletion effects causing global warming. The EPA (Environmental Protection Agency) has decided to expel the production of refrigerants, especially HCFC-22 or R-22, by the end of 2019.

Airgas Refrigerants is one of the largest distributors and reclaimers of refrigerant gases. The recertification qualification will enable Airgas to deliver faster service and better asset utilization.

Radnor, Pa.-based Airgas through its subsidiaries distributes industrial, medical and specialty gases as well as hardgoods in the U.S. The company also markets its products and services through e-business, catalog and telesales channels.

Airgas currently retains a Zacks Rank #4 (Sell).

Other companies in the diversified chemical industry with favorable Zacks Rank are PPG Industries Inc. ( PPG ), Olin Corp. ( OLN ) and FMC Corp. ( FMC ), each holding a Zacks Rank #2 (Buy).

AIRGAS INC (ARG): Free Stock Analysis Report

FMC CORP (FMC): Free Stock Analysis Report

OLIN CORP (OLN): Free Stock Analysis Report

PPG INDS INC (PPG): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , Business , Stocks

Referenced Stocks: ARG , DOT , FMC , OLN , PPG

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