Air Products Signs Long-Term Contracts with Leading Steel Manufacturers in China
Air Products will build and operate a new large air separation plant in Tangshan to provide this supply. The plant, which is scheduled to come on- stream in late 2007, will be primarily built by Air Products' engineering and manufacturing centers in China. This will be the second Air Products air separation plant in Tangshan supplying to Guo Feng and Fu Feng.
"Air Products has been supplying Guo Feng since 1999. They brought our first air separation plant in Tangshan on-stream both on time and safely. We are delighted to award a new contract to Air Products for our next phase of expansion," said Mr. Zhang Zhen, general manager of Guo Feng.
Wilbur Mok, president of Air Products China, said, "These contracts reinforce our supply relationship with the two leading steel manufacturers in Northern China, and they underscore our customers' confidence in Air Products. The new plant will further strengthen our supply position in Tangshan, a major steel production center in China."
Tangshan, a major industrial city in Hebei Province, is one of the largest steel production centers in China. Its annual steel production exceeds 30 million tons. China's steel production is growing at close to 20 percent annually.
Air Products has been supplying customers in Tangshan since 1997 and is a leading gas supplier to the steel industry in Northern China. The company was one of the first international industrial gas companies to enter China with a joint venture in 1987, and has established leading positions in key industrial markets in China.
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