Air Products (APD) Announces the Formation of a New Joint Venture
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Air Products (NYSE: APD) and The Arabian Company for Power and Water Development (ACWA Holding) today announced they have signed a joint venture agreement for the formation of a new company, ACWA Air Products Arabia, that will be located in Al-Khobar city, Saudi Arabia. The partnership will focus on the successful pursuit of large-scale industrial gas opportunities within The Kingdom of Saudi Arabia.
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