Air Products to sell chemical businesses


AIR PRODUCTS has announced its desire to sell its Amines and Polymers businesses and buying a speciality surfactants company.

The company is making a series of strategic initiatives to strengthen and expand its growth platforms, improve its return on capital and return value to its shareholders.

According to the company these actions will enable it to further sharpen its focus on its four growth platforms: energy and process industries, electronics, homecare, and performance materials, as well as its position in the Asian region.

‘When these actions are completed, our growth businesses will make up over 60 per cent of our overall annual revenues, up from just 35 per cent in 2000. We are convinced that this new profile, combined with our number one priority to improve our return on capital, will deliver significant shareholder value going forward.’

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