Air Products Lowers 2008 Outlook but Remains Optimistic With Strong Project Backlog and Long-Term Contracts, an Industrial Info News Alert
More News related to APD
- Air Products (APD) Approves $0.44 Per Share Quarterly Dividend
- Air Products Declares Quarterly Dividend
- Oxyfuel Technology Solutions for Carbon Capture Presented by Air Products at Greenhouse Gas International Conference
- Air Products and AERI Study Focused on Advanced CO2 Capture Technology
- Beacon Equity Issues Technical Trade Alerts on Chemical Stocks: FMC, CE, ASH, DD, DOW, APD
More News related to Press Releases
- The Hartford (HIG) Talks About Its Highly Rated CMBS Portfolio
- PepsiCo (PEP) to Invest $3 Billion in Mexico Operations
- Quicksilver Resources (KWK) Announces '09 Capital Budget
- Cosi, Inc. (COSI) Forms Special Committee to Review Strategic Alternatives
- Par Pharmaceutical (PRX) Halts Shipments of of Budesonide Inhalation Suspension
SUGAR LAND, TX -- (MARKET WIRE) -- 09/26/08 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- Several factors have prompted Air Products and Chemicals Incorporated (NYSE: APD) (Allentown, Pennsylvania) to lower its earnings outlook for the rest of the year. The company stated that the reasons for the revision include hurricanes Gustav and Ike, which reduced short-term demand in the Gulf Coast region, a slowdown in manufacturing sales in Europe and the continued strengthening of the dollar against the euro. However, John McGlade, Chairman, President and CEO, said in a statement that Air Products remains confident in its growth potential. Industrial Info is tracking 29 active projects worth $1.1 billion that Air Products is involved in as part of our International Project Database. The projects range from a $1 million maintenance turnaround in New Jersey to a $350 million air separation unit addition in Nigeria.
For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=139393, or browse other breaking industrial news stories at www.industrialinfo.com.
Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to chemicalsgroup@industrialinfo.com or visit us online at www.industrialinfo.com.
Related News Articles
Hurricane Ike Idles Almost all Ethylene Production in Texas
Gustav Spares Chemical Industry of Major Damage but Leaves a Wide Path of Plant Disruptions
Construction of $8.9 Billion of North American Coal Gasification Projects Planned for 2009
Add to Digg Bookmark with del.icio.us Add to Newsvine
Contact: Joe Govreau 713-783-5147
Related Categories
Press ReleasesStocks Mentioned
-5.36Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
