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APD Air Products and Chemicals Inc

245.87
2.18 (0.89%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Air Products and Chemicals Inc NYSE:APD NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  2.18 0.89% 245.87 247.39 244.08 244.23 1,558,859 01:00:00

Air Products to Increase Manufacturing Capacity By Nearly 20%

31/07/2023 5:33pm

Dow Jones News


Air Products and Chemicals (NYSE:APD)
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By Ben Glickman

 

Air Products said Monday it would increase its manufacturing capacity by nearly 20% via an investment in its Florida facility.

The Lehigh Valley, Pa.-based liquified natural gas equipment maker said the investment in its Port Manatee, Fla. manufacturing facility, along with innovations in fabrication methods, would allow the company to improve its equipment delivery schedules.

Air Products said it previously increased its facility's capacity by 60% with an expansion in 2019. The company said its liquefaction process equipment is used to produce a majority of liquid natural gas worldwide.

 

Write to Ben Glickman at ben.glickman@wsj.com

 

(END) Dow Jones Newswires

July 31, 2023 12:18 ET (16:18 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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