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Air Products' New Cleveland Air Separation Facility and Liquefier Onstream and Supplying Onsite and Regional Customers

1. Air Products' new Cleveland facility is now operational and supplying customers. 2. Facility enhances Air Products' footprint in a strategic merchant market. 3. Reinvestment extends the life of existing separation and liquefier plants. 4. Products include oxygen, nitrogen, and argon for onsite and regional markets. 5. Cleveland operations serve diverse industries, showcasing production strength.

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Why Bullish?

The new facility operationally enhances APD's production capabilities and market reach, improving revenue potential. Historical cases show that expansion projects often lead to positive stock performance.

How important is it?

The article highlights strategic expansion and investment, key factors for APD's future performance. Operational success in Cleveland aligns with overall growth strategy.

Why Long Term?

The investment in infrastructure ensures continued revenue streams and customer contracts, suggesting sustained growth over time, similar to previous facility openings by APD.

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LEHIGH 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 LinkedInXFacebook or Instagram.

Cision View original content:https://www.prnewswire.com/news-releases/air-products-new-cleveland-air-separation-facility-and-liquefier-onstream-and-supplying-onsite-and-regional-customers-302544214.html

SOURCE Air Products

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