Air Products and Chemicals

Air Products and Chemicals is an American producer of industrial gases and chemicals based in Allentown, Pennsylvania.

Categories

Energy and Utilities  

#239

Rank

$65.36B

MarketCap US

US United States

Country

Summary

Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, manufacturing, electronics, magnetic resonance imaging, energy production, medical, food, and metals. It also designs and manufactures equipment for air separation, hydrocarbon recovery and purification, natural gas liquefaction, and liquid helium and liquid hydrogen transport and storage. The company was founded in 1940 and is headquartered in Allentown, Pennsylvania.


History

1940 - Air Products and Chemicals is founded by Leonard P. Pool in Detroit, Michigan, to commercialize a process for producing liquid oxygen.

1950 - Air Products and Chemicals moves its headquarters to Allentown, Pennsylvania, where it is still located today.

1962 - Air Products and Chemicals acquires the Cryogenics Division of Union Carbide Corporation, which strengthens the company's position in the production of liquid gases.

1970 - Air Products and Chemicals introduces the first commercial helium liquefaction system, which is used to produce liquid helium for use in nuclear magnetic resonance imaging (MRI) machines.

1980 - Air Products and Chemicals becomes the first company to introduce an electronic specialty gas control system, which provides accurate and reliable control of gas flow and pressure.

1990 - Air Products and Chemicals introduces the PRISM® membrane system, a technology used to separate and purify gases.

2000 - Air Products and Chemicals acquires the European and Asian industrial gases businesses of BOC Group, making it one of the largest suppliers of industrial gases in the world.

2010 - Air Products and Chemicals introduces the Freshline® IQ freezer, a cryogenic freezing system that uses liquid nitrogen to rapidly freeze food products.

2020 - Air Products and Chemicals announces plans to build a new air separation unit in Louisiana to supply industrial gases to customers in the Gulf Coast region.


Mission

Our mission is to be the best and most competitive in the world by meeting customer needs, maintaining our commitment to safety, health, and environmental protection, and driving value for our investors.


Vision

To serve and delight the world-wide industry, customers, and communities that we touch.


Key Team

Charles Cogut (Board Member)

David Ho (Board Member)

Edward Monser (Board Member)

Margaret McGlynn (Board Member)

Matthew Paull (Board Member)

Scott Crocco (Senior Vice President and Chief Financial Officer)

Susan Carter (Board Member)


Recognition and Awards
Fortune World's Most Admired Companies: Air Products has been named to this prestigious list for 13 consecutive years, starting in 2009. Ethisphere Institute's World's Most Ethical Companies: Air Products has been named to this list for eight consecutive years, starting in 2014. Dow Jones Sustainability Indices: Air Products has been included in the Dow Jones Sustainability Indices (DJSI) for 12 consecutive years, starting in 2010. CDP A List: Air Products has been included in the CDP A List for climate change for six consecutive years, starting in 2016. Forbes America's Best Employers: Air Products has been named to this list for two consecutive years, starting in 2020. Best Places to Work for LGBTQ Equality: Air Products has earned a perfect score on this index for the past four years, starting in 2018. National Diversity Council's Top 50 Companies for Diversity: Air Products has been named to this list for three consecutive years, starting in 2019.

References
Air Products and Chemicals
Leadership team

Leonard Pool (Founder)

Chadwick Deaton (Board Member)

Industries

Energy and Utilities

Number of Employees
1,000 - 20,000
Headquarters
1940 Air Products Boulevard Allentown
Established
1940
Company Type
Holding company
Company Registration
SEC CIK number: 0000002969
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
APD
Social Media

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Fri Mar 01 2024
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