Air Products to increase product prices in North America
Air Products & Chemicals Inc. (APD.N: Quote, Profile, Research) on Tuesday said it will raise schedule pricing on liquid-bulk oxygen, nitrogen and hydrogen by 10 percent, and argon and helium by 20 percent for merchant and government customers in North America.
The industrial gas supplier said it will also increase its monthly service charge schedule pricing for storage and supply equipment and eliminate discounts from schedule pricing for standard service offerings.
The price initiatives, effective Oct. 1, or as contracts permit, are due to escalating material, labor, and energy costs and to support capital investment, the company said in a statement. (Reporting by Shikhar Balwani in Bangalore)
More : today.reuters.com
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