Air Products acquires air separation business

Posted: 9:33 AM EDT Sep 13, 2012

Air Products & Chemicals Incorporated says it has acquired an air-separation unit and integrated-gases liquefier in Guiyang, China from Guizhou Kaiyang Chemical Company.

The financial terms of the deal were not disclosed.

The company says the unit will produce about 2,000 tons per day of gaseous oxygen and nitrogen to be supplied to Guizhou Kaiyang's coal-to-ammonia facility under long-term contract.

Its liquid product will be sold predominantly to industrial customers in the region, with some also being sold to Guizhou Kaiyang.

Air Products, which is based in Lehigh Valley, Pennsylvania, has been operating in China since 1987.