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| Shanghai, China

Air Products Brings Another Three Oxygen Generators Onstream for World’s Leading Fiberglass Manufacturer in China

Air Products (NYSE:APD) today announced that it has recently brought three more oxygen generators onstream to supply additional gaseous oxygen to China Jushi Co., Ltd., a world’s leading fiberglass manufacturer. These Air Products’ PRISM® vacuum swing adsorption (VSA) oxygen generators provide oxygen under two new long-term contracts signed in December 2019 and July 2020 to support Jushi’s Intelligent Manufacturing Bases in Tongxiang, Zhejiang Province and Chengdu, Sichuan Province, China respectively. 

Air Products has been supplying Jushi since 2004 and has built two air separation units and a dozen oxygen generators to meet the customer growing demand. The latest contracts and facilities further strengthen Air Products’ longstanding and strong position to support this strategic customer. The oxygen is used in the customer’s glass melting process to enhance environmental performance, energy efficiency and product quality.

Jushi’s Intelligent Manufacturing Bases—a landmark project leading technological upgrade and transformation of production mode in the global fiberglass industry—are equipped with advanced technology and equipment for the green manufacturing of high-end products. Air Products’ newly started up onsite oxygen generators, which are integrated into Jushi’s oxygen pipelines, supply reliable and economical gas to the Tongxiang project’s second production line capable of producing 150,000 tons of fiberglass annually and the first production line of the 250,000-ton-per-year Chengdu project.

“Air Products supplied Jushi’s first full oxy-fuel project over 15 years ago and has been growing with them in China and abroad by providing our safe, reliable and quality gases. We are honored to be selected by Jushi again as their trusted supplier and take part in the innovation project, which is a breakthrough in the industry,” said Saw Choon Seong, China president at Air Products. “Air Products is proud to play a role to grow with our customers and support their new phase of development under China’s innovation-oriented industrial transformation and driving higher-quality and greener growth.”

Air Products was one of the first multinational industrial gases corporations to enter China, setting up its first plant in 1987. For 33 years, the company has been growing with the China market, helping customers improve productivity, efficiency, quality and environmental performance with its gases, technologies and sustainable solutions. Today, the company has nearly 4,000 employees, more than 70 entities, and over 170 production facilities across the country. 

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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, 2019.