“We have never wavered in our commitment to remain in the Lehigh Valley” said Air Products’ Chairman, President and CEO Seifi Ghasemi as he today revealed to employees the location of the company’s new global headquarters facility.
A little over one mile from its existing location, the Tier One corporation’s new headquarters will be built on an available 50-acre tract of property southeast of the intersection of Mill Creek Road and the Route 222 Bypass in Lehigh Valley, Pennsylvania.
Groundbreaking is expected in March 2019 with occupancy targeted by Summer 2021. The new location will be the base for approximately 2,000 Air Products employees with capacity for growth.
“The decision to leave our current headquarters location, with its rich history, was not one we made lightly,” Ghasemi explained. “But we believe our new location will afford us a special opportunity to modernise and optimise our office space and R&D facilities and invest in a work environment that motivates and energises our employees.”
The new headquarters site will include new administration offices, an R&D facility, and an enclosed parking structure for employees. A cost estimate is not being disclosed at this time.
“Now, we have made the location decision and we begin our preparations to build facilities that represent our world-class company,” said Ghasemi. “This is a very exciting time for Air Products as we evolve our headquarters environment to be more beneficial to our employees and take advantage of sustainable technologies to lessen our footprint and reduce operating costs.”
Steadfastly focusing on Industrial Gases, Air Products had divested non-core businesses over the last two years. These moves, in combination with other operational changes, have resulted in excess building space at Air Products’ present location, compounded by annual maintenance costs of approximately $20m at its current 60-year-old location.
Air Products’ headquarters will remain at its current location (7201 Hamilton Boulevard, Allentown), and employees will continue to work there during construction and completion of the new facilities. The company plans to make its existing 235-acre location available to the real estate market.