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Markets :: Industrial Gases

Industrial Gases

1:41 PM MST | January 14, 2008 | Nancy Seewald

Industrial gases firms are upbeat about the next few years, with many predicting double-digit growth. A strong project workload worldwide and growth in global manufacturing are driving earnings increases, says Air Products. The company expects a 100 basis point margin improvement in fiscal 2008, and a 300 point increase over the next three years, says John E. McGlade, Air Products president and CEO. The company is bringing 11 new plants onstream this year, including: a 500-m.t./year nitrogen fluoride plant at Ulsan, Korea; a 105-million standard cu ft/day...

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