Effective October 1, 2013, or as contracts permit, Air Products (NYSE: APD) will increase product pricing and monthly charges for merchant customers in North America. The pricing adjustments include increases of:
• Up to 12% for liquid oxygen, liquid nitrogen, and liquid carbon dioxide.
• Up to 20% for liquid argon, liquid and bulk hydrogen, and bulk carbon monoxide.
• Liquid and bulk helium pricing adjustments will be determined on a contract by contract basis.
• Some price adjustments may be outside of these ranges based on other specific situations.
The revised prices are in response to various factors, including supply and demand imbalances, that are driving up production and delivery costs, and increases in operating expenses such as employee labor and benefits, natural gas and energy, and maintenance. Air Products continues to make significant investments in infrastructure, technologies, and productivity programs aimed at improving the reliability, safety, and cost efficiency of its operations.
More info: Air Products, www.airproducts.com