News Article
Air products announce repositioning
Air Products announced a series of strategic initiatives to strengthen and expand its growth platforms.
Air Products announced a series of strategic initiatives to strengthen and expand its growth platforms. The company is exploring the sale of its Amines and Polymers businesses, restructuring its Polyurethane Intermediates business, including plans to sell its dinitrotoluene (DNT) facility in Geismar, La., for $155 million, and investing in its Performance Materials business with the $115 million acquisition of speciality surfactants producer Tomah3 Products. These actions will enable the company 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 Asia region.
John Jones, Air Products' chairman and chief executive officer, said, "The initiatives we have announced are consistent with our growth strategy and reflect the discipline of our ongoing portfolio management process. These actions will make Air Products a more focused, less cyclical, and higher growth company.
Air Products is exploring the sale of its Amines and Polymers businesses as part of the company's ongoing portfolio management activities.
John Jones, Air Products' chairman and chief executive officer, said, "The initiatives we have announced are consistent with our growth strategy and reflect the discipline of our ongoing portfolio management process. These actions will make Air Products a more focused, less cyclical, and higher growth company.
Air Products is exploring the sale of its Amines and Polymers businesses as part of the company's ongoing portfolio management activities.
