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News Breaks
August 25, 2014
14:21 EDTAPDAir Products licenses ICEFLY technology to Advanced Research Systems
Air Products announced it has licensed its proprietary cryogenic machining technology to Advanced Research Systems, a manufacturer of industrial and research cryogenic equipment. The technology license agreement gives ARS extensive rights to Air Products' patented ICEFLY Cryogenic Machining Technology. Included in the agreement is the transfer of ICEFLY cryogen delivery equipment design information and cryogenic machining know-how developed by Air Products.
News For APD From The Last 14 Days
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September 23, 2014
07:30 EDTAPDUBS to hold a conference
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September 18, 2014
09:32 EDTAPDAir Products CEO: The company does not have any structural problems
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07:49 EDTAPDAir Products backs Q4 EPS $1.60-$1.65, consensus $1.62
07:48 EDTAPDAir Products announces five point plan to restructure organization
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07:33 EDTAPDAir Products announces major company restructuring
Air Products announced a major company restructuring, with the goal of regaining industry leadership by providing excellent service to customers as the safest and most profitable industrial gas company in the world. CEO Seifi Ghasemi says he has met and communicated with thousands of Air Products' employees who are ready for change and are committing to a new corporate culture in order to meet this objective. Effective at the start of Air Products' 2015 fiscal year, the company will realign into seven reporting segments: Industrial Gases will comprise four reporting segments and will include all Air Separation Units, Hydrogen/HyCO plants, and the current Merchant Gases segment. Reflecting greater regional focus, over 95% of current Industrial Gases revenues will be contained in the geographic segments of Americas; Asia; and Europe, Middle East and Africa. Materials Technologies will include the Electronics Materials and Performance Materials businesses and will continue to operate as a global business. Energy-from-Waste will include the two Tees Valley projects in the U.K. A Corporate segment will include two global businesses and corporate supporting functions.

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