Company Will Invest in Additional Plants and Bulk Specialty Gas Delivery SystemLEHIGH VALLEY, Pa., Feb. 1, 2018 — (PRNewswire) — Air Products (NYSE: APD) today announced it has been awarded the industrial gases supply for Samsung Electronics' second semiconductor fab in Xi'an, Shaanxi Province, western China.
The Xi'an fabrication line, within the Xi'an High-tech Zone (XHTZ), represents one of Samsung's largest overseas investments and one of the most advanced fabs in China. It produces three-dimensional (3D) vertical NAND (V-NAND) flash memory chips for a wide range of applications, including embedded NAND storage, solid state drives, mobile devices, and other consumer electronics products.
Air Products has been supporting this project since 2014 from a large site housing two large air separation units (ASUs), a hydrogen plant and a bulk specialty gas delivery system. Under the new award, Air Products will expand its site by building several large ASUs, hydrogen and compressed dry air plants, and a bulk specialty gas supply yard to supply ultra-high purity nitrogen, oxygen, argon, hydrogen and compressed dry air to the new fab, which is scheduled to be operational in 2019.
"Samsung is a strategic and longstanding customer for Air Products. It is our honor to have their continued confidence and again be selected to support their business growth and this important project in western China," said Kyo-Yung Kim, president of Air Products Korea, who also oversees the company's electronics investment in the XHTZ. "We have been supplying the project with proven safety, reliability and operational excellence. This latest investment further reinforces our global leading position and commitment to serving our valued customer, as well as the broader semiconductor and electronics industries."
Continuing to build its strong relationship with Samsung Electronics, Air Products also recently announced the next phases of expansion to build two more nitrogen plants serving the customer's giga fab in Pyeongtaek City, Gyeonggi Province, South Korea.
A leading integrated gases supplier, Air Products has been serving the global electronics industry for more than 40 years, supplying industrial gases safely and reliably to most of the world's largest technology companies. Air Products is working with these industry leaders to develop the next generation of semiconductors and displays for tablets, computers and mobile devices.
About Air Products
Air Products (NYSE: APD) is a world-leading Industrial Gases company in operation for over 75 years. The Company's core industrial gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. Air Products is also the world's leading supplier of liquefied natural gas process technology and equipment.
The Company had fiscal 2017 sales of $8.2 billion from continuing operations in 50 countries and has a current market capitalization of about $35 billion. Approximately 15,000 passionate, talented and committed employees from a diversity of backgrounds are driven by Air Products' higher purpose to create innovative solutions that benefit the environment, enhance sustainability and address the challenges facing customers, communities and the world. For more information, visit www.airproducts.com.
NOTE: This release may contain forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's reasonable expectations and assumptions as of the date of this release regarding important risk factors. Actual performance and financial results may differ materially from projections and estimates expressed in the forward-looking statements because of many factors not anticipated by management, including risk factors described in the Company's Form 10K for its fiscal year ended September 30, 2017.
SOURCE Air Products
|Company Name: Air Products, Samsung Electronics
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