Welcome to our dedicated page for Air Prods & Chems news (Ticker: APD), a resource for investors and traders seeking the latest updates and insights on Air Prods & Chems stock.
Air Products & Chemicals Inc (APD) is a global leader in industrial gases and specialty chemicals serving energy, healthcare, and manufacturing sectors. This page provides investors and industry professionals with timely access to official press releases, financial updates, and strategic developments from the company.
Key resources include: Quarterly earnings announcements, partnership agreements, sustainability initiatives, and operational updates. All content is sourced directly from APD’s corporate communications to ensure accuracy and compliance with financial disclosure standards.
Why monitor APD news: Track the company’s progress in hydrogen energy projects, international expansion efforts, and technological innovations in gas production. Our centralized repository eliminates the need to search multiple sources for verified information.
Bookmark this page for immediate access to APD’s latest developments. For comprehensive analysis of how these updates may impact market performance, consult your financial advisor.
Air Products (NYSE:APD) has secured an agreement with SCD JV S.c.a.r.l to provide main cryogenic heat exchangers and process technology for the Nigeria LNG Train 7 project, aiming to produce 8 million tons of LNG annually. This marks a continuation of a 20-year relationship with NLNG, demonstrating Air Products' strong market position and reliability. Manufacturing will occur at its Port Manatee facility in Florida, with delivery expected in 2023. Air Products' technology is crucial for global LNG production, underpinning operations in over 100 LNG trains across 20 countries.
Air Products (NYSE:APD) and Cummins Inc. have signed a memorandum of understanding to enhance hydrogen fuel cell truck integration across the Americas, Europe, and Asia. Air Products aims to convert its fleet of approximately 2,000 trucks into hydrogen fuel cell vehicles, starting the demonstration phase in 2022. Both companies will collaborate on increasing renewable hydrogen accessibility and infrastructure. Air Products is a leading hydrogen producer, with over 1.5 million refuelings annually, while Cummins has deployed over 2,000 fuel cells globally, underscoring their commitment to a sustainable, zero-emissions future.
On July 19, 2021, Wayne T. Smith was elected to the Board of Directors of Air Products (NYSE:APD), effective August 1, 2021. Smith brings over 35 years of experience in the industrial gases and chemicals sector, including leadership roles at BASF, where he served as Chairman and CEO. His extensive background includes strategic positions in various companies, enhancing Air Products' operational expertise. The company reported $8.9 billion in sales for fiscal 2020 and has a market capitalization of approximately $65 billion, focusing on sustainable energy and environmental solutions.
Air Products' Board of Directors has declared a quarterly dividend of $1.50 per share, to be paid on November 8, 2021. Shareholders of record by October 1, 2021 will qualify for this distribution. The company reported fiscal sales of $8.9 billion in 2020 and has a market capitalization of approximately $65 billion. With over 19,000 employees globally, Air Products continues to lead in the industrial gases sector, focusing on sustainability and innovative solutions across various industries.
Air Products (NYSE:APD) announced that Scott Crocco, Executive Vice President and CFO, will retire on September 30, 2021, after a 31-year career. Melissa Schaeffer will succeed him as CFO starting August 10, 2021. Schaeffer has held various financial roles since joining the company in June 2016, demonstrating her capability in leading Air Products' financial organization. Chairman Seifi Ghasemi praised Crocco's contributions to profitability and shareholder value, while expressing confidence in Schaeffer’s leadership to drive further growth and address global energy challenges.
Air Products (NYSE:APD) announced the commissioning of its first hydrogen fueling station for the 2022 Winter Olympics in Zhangjiakou, China. This station, built with advanced technology, has a filling capacity of 200 kg per day and serves hydrogen fuel cell vehicles like the Toyota FCEV Coaster and MIRAI Gen 2. The project supports China's Green Olympics initiative and aims to leave a sustainable legacy. Air Products has over 60 years of experience in hydrogen, with more than 250 fueling projects globally and a fiscal 2020 revenue of $8.9 billion.
Air Products (NYSE:APD) is set to release its fiscal 2021 third quarter financial results on August 9, 2021, before market open. A teleconference to review these results will occur at 8:30 a.m. ET, accessible to the public. The company, a leader in industrial gases, reported fiscal 2020 sales of $8.9 billion and a market capitalization of approximately $65 billion. The event will include a live broadcast available through their Investor Relations website.
Air Products (NYSE: APD) will participate in AISTech 2021 from June 29 to July 1 with a virtual booth showcasing its industrial gases and technologies for cost-effective steel production. Attendees can learn about improving efficiency and reducing costs in iron and steelmaking. For each registered attendee visiting the booth, Air Products will donate $100 to the AIST Foundation, up to $15,000. The company will also present a technical paper on BOF Bottom Stirring Technology. Air Products reported $8.9 billion in sales for fiscal 2020 and operates globally with a market cap of $65 billion.
Air Products (NYSE:APD) and Baker Hughes (NYSE:BKR) have launched a strategic collaboration to enhance hydrogen compression technology, aiming to reduce production costs and promote hydrogen as a zero-carbon fuel. The partnership will leverage Baker Hughes' advanced compression and gas turbine technology for significant projects, including Air Products' net-zero hydrogen energy complex in Edmonton and the NEOM project in Saudi Arabia. This initiative aligns with global efforts to foster a sustainable hydrogen economy and achieve net-zero targets.
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