Leading industrial-gas company Air Products and Chemicals Inc. (APD) will feature its gases and chemicals solutions at the forthcoming American Oil Chemists' Society (“AOCS”) annual meet scheduled to be held in Long Beach, California, from April 29-May 2. The company’s gases and chemicals solutions enable processors in the fats, oils and related industries enhance process efficiency while reducing operating costs.
The company’s representatives, at the AOCS meet, will make several presentations including demonstrations on conserving energy and hydrogen during hydrogenation (a chemical reaction between hydrogen and another compound).
The visitors can also learn how to replace solvents in their formulated products and the company’s capabilities in functional testing for cleaning compounds through various seminars and poster sessions at the AOCS. The representatives will also highlight Air Products' portfolio of novel surfactants for formulating hard surface cleaners, degreasers, laundry, vehicle care, mining and oilfield products.
Air Products, which had sales of $10.1 billion in 2011, offers industrial gases as well as a variety of polymer and performance chemicals and serves technology, energy, industrial and health care customers globally. The company competes with Praxair Inc. (PX) among others.
Air Product’s industrial gas-based technologies and process improvement solutions help manufacturers boost production rates, improve product quality, safety and efficiency while reducing overall operational costs.
The company’s state-of-the-art lab in Allentown, Pennsylvania, offers manufacturers access to the latest testing equipment and services, which helps in determining the feasibility of using cryogenics in their production process and improving throughput and quality.
The company’s offerings, including the PRISM hydrogen generators and cryogenic hydrogen compressor system, help in optimizing hydrogenation reactions and trim costs through best supply mode and technology.
Air Products benefits from a long-term take-or-pay contract, a consolidated industry structure, diverse customer base and sustained pricing power. However, rising costs of energy and raw materials remain a concern.
We are currently Neutral on Air Products. The stock currently holds a short-term Zacks #4 Rank (Sell).
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