By JJ Koczan2015-12-15T18:19:00+00:00
Air Products’ Materials Technologies segment today announced that, effective immediately or as contracts permit, it will increase prices globally for process materials and advanced materials supplied by its Electronics business.
Demand for Electronics materials continues to grow. These price increases are necessary to recover increasing raw materials, production costs, and continued supply reliability, quality improvements and research and development activities in order to support reinvestment to meet global market needs.
On September 16, 2015 Air Products announced its intent to complete a spin-off of its Materials Technologies segment by September 2016. Last month it was announced the spin-off company’s name will be Versum Materials.
The Board of Directors has approved plans to create a new spin-off business focused just on materials and technologies (Air Products Materials Technologies) – allowing the remaining focus to be just about industrial gas (Air Products Industrial Gases).
The new company formed from Air Products’ planned spin-off of its Materials Technologies business will be called Versum Materials, it is announced.
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