Air Products & Chemicals

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Air Products and Chemicals, Inc
Type Public
Traded as
Industry Chemicals
Founded Detroit, Michigan (1940)
Founder(s) Leonard P. Pool
Headquarters 7201 Hamilton Blvd., Allentown, Pennsylvania, U.S.
Area served Worldwide
Key people John E. McGlade (CEO),
(Chairman) & (President)
Revenue Decrease US$9.612 Billion (FY 2012)[1]
Operating income Decrease US$1.282 Billion (FY 2012)[1]
Net income Decrease US$1.167 Billion (FY 2012)[1]
Total assets Increase US$16.942 Billion (FY 2012)[1]
Total equity Increase US$6.623 Billion (FY 2012)[1]
Employees 21,300 (Sept 2012)[1]
Website airproducts.com

Air Products and Chemicals, Inc. is an international corporation whose principal business is selling gases and chemicals for industrial uses. Air Products' headquarters is in Allentown, Pennsylvania, in the Lehigh Valley region of Pennsylvania, in the United States. Air Products is the Lehigh Valley's third largest employer, after Lehigh Valley Hospital and St. Luke's Hospital. Leonard P. Pool founded the company in 1940.

Products[edit]

Air Products serves customers in technology, energy, healthcare, food and industrial markets worldwide with atmospheric industrial gases (mainly oxygen, nitrogen, argon, hydrogen and carbon dioxide), process and specialty gases, performance materials and chemical intermediates.

Air Products has built leading positions in key growth markets such as semiconductor materials, refinery hydrogen, natural gas liquefaction, epoxy additives, advanced coatings and adhesives.[citation needed] It is also noted[citation needed] as addressing the hydrogen fuel cell economy through hydrogen fueling stations as well as its personal care chemicals business.

Air Products also provided the liquid hydrogen and liquid oxygen fuel for the Space Shuttle External Tank. Air Products has had a working relationship with NASA for 50 years and has supplied the liquid hydrogen used for every Space Shuttle launch and the Mercury and Apollo missions. [2]

In 2013, Air Products' high purity BIP (built-in purifier) argon was used to determine a more accurate value for the Boltzmann Constant.[3]

Environmental record[edit]

In 2009, Air Products was awarded the Rushlight Hydrogen and Fuel Cells industry award for the Series 100 hydrogen fuelling station. The Rushlight Awards celebrate the leading environmental technologies and innovations by organizations throughout the UK and Ireland. The purpose is to promote what is happening in the world of hydrogen and fuel cells to the public and enable further development and funding to be granted toward reducing carbon emissions.[4]

An Air Products van in Leeds, West Yorkshire.

On January 27, 2010, Air Products (NYSE: APD) was named a Maplecroft Climate Innovation Indexes (CIIs) Leader, ranking 17th out of the 300 largest U.S. companies evaluated for their climate-related innovation and carbon management programs. Air Products is currently working on several preeminent carbon capture and storage demonstration projects around the world.[5]

Air Products was included on the Dow Jones Sustainability North America Index as one of the best performing sustainable companies for 2010/11. Only the top 20 percent of the 600 largest North American companies are ultimately selected for the DJSI North America Index.[6]

In 2010, Air Products Received an Award of Merit from the WateReuse Association for Outstanding Water Conservation Efforts for conserving 62 million US gallons (230,000 m3) of drinking water annually by converting to recycled water for the cooling process at the Santa Clara, California, manufacturing facility. The award was presented during the 25th Annual WateReuse Symposium. WRA recognizes projects that have advanced the acceptance of water reuse through education, sound science, and technology using reclamation, recycling, reuse, or desalination for the benefit of the public and the environment.[7]

Corporate Responsibility[edit]

Air Products Headquarters.

On March 4, 2010, Corporate Responsibility Magazine named Air Products to its 100 Best Corporate Citizens List, a top ranking of corporate responsibility leaders based on publicly available information. Companies were selected from among the large-cap Russell 1000 based on seven categories: environment, climate change, human rights, philanthropy, employee relations, financial performance and governance. Data was provided by IW Financial, an environmental, social and governance firm. The methodology is governed by the Corporate Responsibility Officers Association, a professional society focused on advancing corporate responsibility within companies worldwide.[8]

Air Products has a strong emphasis on safety, placing it at a higher priority than both profits and sales. Their recordable incidents show a clear downward trend over the last five years, likely as a result of this policy.[9]

Competitors[edit]

References[edit]

  1. ^ a b c d e f "Air Products, Form 10-K, Annual Report, Filing Date Nov 20, 2012". secdatabase.com. Retrieved Jan 1, 2013. 
  2. ^ Air Products and NASA
  3. ^ Podesta, M. D.; Underwood, R. et al. (2013). "A low-uncertainty measurement of the Boltzmann constant". Metrologia 50 (4): 354. doi:10.1088/0026-1394/50/4/354.  edit
  4. ^ Rushlight Awards 2009
  5. ^ Air Products Named a Maplecroft Climate Innovation Indexes (CIIs) Leader PR News
  6. ^ Air Products Named to the Dow Jones Sustainability North America Index Yahoo Finance Sept 10, 2010
  7. ^ Air Products Receives Award of Merit from WateReuse Association for Outstanding Water Conservation Efforts Earth Times Sept 22, 2010
  8. ^ Air Products Named to 100 Best Corporate Citizens List for 2010 by Corporate Responsibility Magazine PR News
  9. ^ "Air Products - Safety and Health". Retrieved 2012-02-29. 

External links[edit]