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.
On January 28, 2021, Air Products (NYSE: APD) announced a 12% increase in its quarterly dividend, raising it from $1.34 to $1.50 per share, effective May 10, 2021. This marks the 39th consecutive year of dividend increases, signifying strong financial health. In fiscal 2020, the company returned approximately $1.1 billion to shareholders through dividends and maintained substantial cash flow for further investments. Shareholders of record by April 1, 2021, will benefit from this increment.
Air Products (NYSE: APD) participated in a panel discussing the FCHEA's "Road Map to a U.S. Hydrogen Economy" report, emphasizing the U.S.'s potential in the hydrogen sector. The report outlines strategies to enhance hydrogen production and usage, crucial for reducing greenhouse gases. Key initiatives include a $5 billion green hydrogen ammonia project in Saudi Arabia, projected to produce 1.2 million tons of green ammonia annually by 2025. Additionally, Air Products is developing a liquid hydrogen plant in Texas capable of producing 30 tons daily, leveraging its extensive hydrogen pipeline network.
Air Products (NYSE:APD) will report its fiscal 2021 first quarter financial results on February 4, 2021, before market opening. A teleconference to discuss these results will take place at 10:00 a.m. ET on the same day, accessible to the public via telephone and online. The company's fiscal 2020 sales reached $8.9 billion with a market capitalization of around $60 billion. Air Products specializes in industrial gases and has pioneered various projects supporting energy transition, including carbon capture and hydrogen initiatives.
Air Products (NYSE: APD) has signed a long-term gas supply contract with Shandong Binhua New Material Co., a subsidiary of Befar Group, to support Binhua's major chemical project in China's Shandong Province. The contract involves building, owning, and operating gas production facilities, including an energy-efficient air separation unit (ASU), to meet Binhua's needs for gaseous oxygen and nitrogen. The facilities are expected to be operational by 2022. This investment enhances Air Products' presence in the region and supports China's chemical industry transformation under the 14th Five-Year Plan.
Air Products (NYSE:APD) will participate in the virtual Pennsylvania Hemp Summit on Dec. 8-9, 2020. Key representatives, Michael Himes and Timothy Lebrecht, will discuss emerging technologies for the industrial hemp sector. The company is collaborating with the University of Virginia to explore cryogenic freezing benefits for cannabinoid extraction. Air Products highlights how industrial gases enhance the industrial hemp process from harvesting to packaging, showcasing their advanced cryogenic technology aimed at improving efficiency and effectiveness in the industry.
Air Products (NYSE:APD) has appointed Brian Galovich as the new senior vice president and chief information officer (CIO). Reporting to Seifi Ghasemi, CEO, Galovich will oversee technology-driven solutions for operational efficiency, serving over 19,000 employees globally. With 24 years of experience in digital technology, he previously held CIO roles at Collins Aerospace, Pratt & Whitney, and United Technologies. Galovich's educational background includes degrees from the University of Connecticut, Rensselaer Polytechnic Institute, and Carnegie Mellon University.
Air Products (NYSE:APD) announced that Chairman, President, and CEO Seifi Ghasemi will speak at the Citi 2020 Basic Materials Virtual Conference on December 1, 2020, at 9:00 a.m. USET. A webcast of the event will be accessible on Air Products' Investor Relations website. The company, a leader in industrial gases, reported fiscal 2020 sales of $8.9 billion and has a market capitalization of approximately $60 billion. Air Products operates globally, focusing on energy, environment, and developing innovative gas solutions.
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