Air Products and Chemicals Inc. APD will introduce and display its new continuous dew point monitoring system, along with its existing range of industrial gases, equipment and technology solutions for powder metallurgy and additive production at Powdermet 2016 in Boston, MA, from Jun 6−7. With the introduction of this system, the company continues with its goal of helping metal processors improve quality and reduce costs.
Dew point measures the moisture composition in a furnace atmosphere and can widely differ from a fairly wet, oxidizing atmosphere in the pre-heat zone to a dry atmosphere in the hot and cooling zones. In order to get the optimum delubrication and consistency of the sintered product, it is important to maintain appropriate atmospheric conditions in each furnace zone.
Manually monitoring the atmospheric conditions can be erroneous. Therefore, Air Products has provided a solution with a system to measure and control the same. The system also allows the sensors to self-clean, preventing any impact on accuracy. It enables manufacturers to comply with CQI-9 and NADCAP requirements, and lets operators plan ahead of their furnace shutdowns.
Manufacturers can visit Air Products’ booth at the event and discuss individual operational problems with the representatives. The company’s technical experts will help producers with problems related to applications and processes, including powder production, sintering, heat treating and additive manufacturing.
Air Products conducts the research and development for metal processing in its Allentown, PA laboratory. The company also tests for customer operational problems by simulating and troubleshooting at this facility.
Air Products recently featured its range of industrial gases and technologies to help steelmakers reduce costs at AISTech 2016 in Pittsburg, PA. The company also introduced a new business unit to help hydrogen producers increase productivity and reliability at their own plants.
Air Products saw higher profits in the second quarter of fiscal 2016 (ended Mar 31, 2016), backed by restructuring and self-help measures. Adjusted earnings of $1.82 per share for the quarter beat the Zacks Consensus Estimate, while revenues of $2,271.2 million missed the same. The company reported double-digit EPS growth for the seventh consecutive quarter.
Air Products expects earnings from continuing operations in the third quarter of fiscal 2016 to be higher than the prior-year quarter by 13%–16%. The company raised its earnings guidance for fiscal 2016 from $7.25−$7.50 to $7.40−$7.55 per share. However, it lowered its capital expenditure guidance by $0.1 billion to $1.2 billion.
Air Products currently has a Zacks Rank #3 (Hold).
Some better-ranked companies in the chemical space include Innophos Holdings Inc IPHS, Albemarle Corporation ALB and BASF SE BASFY, all sporting a Zacks Rank #1 (Strong Buy).
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