Air Products Signs New Gas Supply Contract with Tianma Microelectronics
Investment to Support China's First 5.5 Gen LTPS TFT-LCD Plant
LEHIGH VALLEY, Pa., May 29, 2012 /PRNewswire/ -- Air Products (NYSE: APD) today announced it has signed a long-term contract with Xiamen Tianma Microelectronics Co. Ltd. for the supply of bulk gases including ultra high-purity nitrogen and oxygen, hydrogen, argon, and helium at its new facility, which is China's first 5.5 Generation low-temperature polysilicon (LTPS) thin-film transistor liquid crystal display (TFT-LCD) and color filter production line, at Xiamen Xiang'an Industrial Park, Fujian Province.
Xiamen Tianma is an affiliate of Shenzhen-listed Tianma Microelectronics Co. (Tianma), China's leading small- and medium-sized TFT-LCD maker. It leverages Tianma's abundant experience in research and development, production, and management in the TFT-LCD industry.
The deal marks another win by Air Products and further strengthens its position in China's fast-growing high-end TFT-LCD market.
"We are honored to again collaborate with Tianma in Xiamen and supply China's most advanced LTPS LCD facility with our safe and reliable gas solutions and expertise in the TFT-LCD industry," said Wayne Mitchell, vice president and general manager of the Electronics Division at Air Products. "The contract reflects Air Products' strategy to further strengthen its leadership in China's electronics industry and grow together with Chinese customers to help them achieve high quality, improve productivity, and raise energy efficiency."
"We've built a long-standing relationship with Air Products and are pleased to join hands again for our advanced new facility in Xiamen," said Dr. Tieer Gu, general manager of Xiamen Tianma Microelectronics Co. "Air Products is a leading global industrial gases supplier with world-class bulk gases and electronics know-how. We look forward to another successful collaboration to support Tianma's development in high-end TFT-LCD industry."
Air Products has been supplying bulk gases to Tianma's facility in Shanghai and electronics materials to its Chengdu plant.
The company has been serving the global electronics industry for more than 40 years and gained leadership positions in TFT-LCD, semiconductor, and other emerging markets with its integrated gases and services solutions.
Air Products (NYSE: APD) provides atmospheric, process and specialty gases; performance materials; equipment; and technology. For over 70 years, the company has enabled customers to become more productive, energy efficient and sustainable. More than 18,000 employees in over 40 countries supply innovative solutions to the energy, environment and emerging markets. These include semiconductor materials, refinery hydrogen, coal gasification, natural gas liquefaction, and advanced coatings and adhesives. In fiscal 2011, Air Products had sales of approximately $10 billion. For more information, visit www.airproducts.com.
NOTE: 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, 2011.
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