Air Products Wins Royal Philips Electronics Supplier Award

U.S. NewswireJuly 07, 2011

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LEHIGH VALLEY, Pa., July 7, 2011 /PRNewswire/ -- Air Products (NYSE: APD), the world's largest producer and supplier of liquid and gaseous helium, announced today it won the "Innovation for Growth 2010" award in Royal Philips Electronics Supplier Awards program. Air Products received the award for its work together with Philips to significantly reduce the amount of helium used at Philips' Latham, New York manufacturing facility. The award was presented by Philips at a recent event held in Andover, Massachusetts.

"Customer service is essential in today's globally competitive market and we are very proud to have our dedicated efforts in this essential area recognized by Philips," said John Van Sloun, general manager, Worldwide Helium at Air Products. "We worked closely with Philips in restructuring a segment of its operations to reduce their overall usage of helium. The result benefits Philips from an operations and cost standpoint, and we retain a satisfied customer." Van Sloun added that the reduced sales of helium to Philips will be used to grow Air Products' helium business beyond magnetic resonance imaging (MRI), and to supply the increasing demand for the product in several other product markets.

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Air Products Wins Royal Philips Electronics Supplier Award

At Latham, Air Products and Philips are making further investments into the MRI manufacturing process by constructing new equipment that will enhance the helium recovery and recycle...

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