Sept. 2, 2025
— Jeff Ward, Lehigh Valley News Briefs
Air Products’ new air-separation facility in Cleveland, Ohio, is working and supplying customers, the Lehigh County-based company said today.
The maker of industrial gases built, owns and operates the new plant, which can supply gaseous and liquid products, among them oxygen, nitrogen and liquid argon.
Shares of Air Products (NYSE:APD) have been been going nowhere for a long time. The closing price today was $292.19. In the past 52 weeks, the shares have traded as high as $341.14 and as low as $243.69. The company’s dividend yield is 2.4%.
New management this year as yet to deliver on projected increases in the share price.
— Disclosure: I own shares in Air Products. I wish I’d bought something else.
Here’s the statement from Upper Macungie Township-based Air Products:
EHIGH VALLEY, Pa., Sept. 2, 2025 /PRNewswire/ — Air Products (NYSE: APD), a leading global industrial gas supplier, today announced that its new air separation facility in Cleveland, Ohio is onstream and supplying customers. Air Products built, owns and operates the new facility which includes liquid production capability.
Air Products is also reinvesting at the same location to extend the life of an existing air separation unit and liquefier plant. Products including gaseous oxygen, gaseous nitrogen and liquid argon are supplied under a long-term contract to an onsite customer, with additional products supplied to the regional merchant market.
“The new facility enhances this location as it will continue to provide a strategic footprint in an important merchant market while continuing to serve a significant onsite customer who is also investing at that location,” said Francesco Maione, Air Products’ President, Americas. “Our Cleveland operations serve a very diverse customer base in the regional area. The location is a good example of Air Products’ strength of production and supply from our base industrial gas business.”
Air Products has been operating in Cleveland since the 1960s. In addition to the onsite customer, Air Products supplies a wide range of industries in the surrounding regional area including chemicals, food, electronics, primary materials, fabricated metals, health and medical, and utilities. The Cleveland plant also serves as a liquid back-up source to onsite gaseous supply for several other Air Products’ customers in the Cleveland area.
About Air Products
Air Products (NYSE: APD) is a world-leading industrial gases company in operation for over 80 years focused on serving energy, environmental, and emerging markets and generating a cleaner future. The Company supplies essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemicals, metals, electronics, manufacturing, medical and food. As the leading global supplier of hydrogen, Air Products also develops, engineers, builds, owns and operates some of the world’s largest clean hydrogen projects, supporting the transition to low- and zero-carbon energy in the industrial and heavy-duty transportation sectors. Through its sale of equipment businesses, the Company also provides turbomachinery, membrane systems and cryogenic containers globally.
Air Products had fiscal 2024 sales of $12.1 billion from operations in approximately 50 countries and has a current market capitalization of over $60 billion. For more information, visit airproducts.com or follow us on LinkedIn, X, Facebook or Instagram.
SOURCE Air Products
Lehigh Valley News Briefs 