LEHIGH VALLEY, Pa. - Air Products is instigating a series of strategic initiatives to strengthen and expand its growth platforms, improve its return on capital and return value to its shareholders.
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.; and investing in its Performance Materials business with the acquisition of specialty-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.