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Airgas to Build
an Air Separation Plant in Carrollton, KY to Supply Dow
Corning and Expand Production
RADNOR, PA and CARROLLTON, KY
- October 2, 2006 --
Airgas, Inc. (NYSE:
ARG) today announced that it will build an air
separation unit (ASU) in Carrollton, KY, to supply
Dow Corning Corporation
and to meet increasing demand for bulk and packaged gases in
the region.
Airgas will build the plant
on Dow Corning’s property located on Four Mile Road with
engineering and equipment provided by
Universal Industrial Gases,
Inc. (UIG). Airgas and Dow Corning signed a long-term
agreement effective immediately for gaseous nitrogen, giving
the project a key base-load pipeline customer. When
completed in late 2008, the plant will have the capacity to
liquefy at least 350 tons per day of nitrogen, oxygen, and
argon. Its expandable design will support additional
pipeline customers and liquid production.
“We look forward to serving
Dow Corning’s needs with this new state-of-the-art
production facility,” said Mike Molinini, executive vice
president and chief operating officer of Airgas. “This
project fits with our previously announced strategy to
consider our own plants to augment our gas supply in those
markets that remain underserved by the industry.”
Dow Corning Supply Manager
Jodi Dudley commented, “This agreement with Airgas will
provide a long-term, economical source of nitrogen for our
Carrollton facility. We are pleased to be working with
Airgas to move this project to the next phase.”
“UIG is excited to provide
Airgas with the engineering and latest cryogenic equipment
to build a cost-effective, reliable, plant that will serve
both Dow Corning and Airgas’ merchant product demands,” said
Sam Piazza, president of UIG. “We are pleased to be a part
of this important new investment in the industry.”
As the nation¹s largest
distributor of industrial, specialty, and medical gases,
Airgas currently buys the majority of its atmospheric gas
supply from multiple industrial gas producers. With its
joint venture affiliate, National Welders Supply Company of
Charlotte, NC, Airgas operates six ASUs, producing 1,800
tons per day, primarily in the eastern half of the United
States.
“We will operate the new
plant within our Gas Operations Division, which has the
necessary expertise to run the production plant,” said
Molinini. The Gas Operations Division operates air
separation plants, carbon dioxide production plants, nitrous
oxide production plants, and dry ice production plants
nationwide. The new ASU will eventually employ more than 20
employees in production and distribution.
“This partnership strengthens
our local industrial base, and it creates jobs,” added
Carroll County (KY) Judge/Executive Harold "Shorty"
Tomlinson. “This is good for our community.”
About Airgas, Inc.
Airgas, Inc.
(NYSE:
ARG), through its subsidiaries,
is the largest U.S. distributor of industrial, medical, and
specialty gases, and related hardgoods, such as welding
equipment and supplies. Airgas is also the third-largest
U.S. distributor of safety products, the largest U.S.
producer of nitrous oxide and dry ice, the largest liquid
carbon dioxide producer in the Southeast, and a leading
distributor of process chemicals, refrigerants, and ammonia
products. Its 10,000 employees work in about 900 locations
including branches, retail stores, gas fill plants,
specialty gas labs, production facilities and distribution
centers. Airgas also distributes its products and services
through eBusiness, catalog, and telesales channels. Its
national scale and strong local presence offer a competitive
edge to its diversified customer base. For more
information, please visit
www.airgas.com.
About Dow
Corning
Dow
Corning (www.dowcorning.com)
provides performance-enhancing solutions to serve the
diverse needs of more than 25,000 customers worldwide. A
global leader in silicon-based technology and innovation,
offering more than 7,000 products and services, Dow Corning
is equally owned by The Dow Chemical Company and Corning
Incorporated. More than half of Dow Corning¹s sales are
outside the United States.
About
Universal Industrial Gases, Inc.
Universal Industrial Gases, Inc. (UIG),
founded in 1992, is headquartered in Easton, PA, and
operates worldwide. UIG provides new, used and certified
pre-owned air separation plants, oxygen and nitrogen
generators, and cryogenic liquid storage and distribution
equipment as well as related engineering, installation,
operation and maintenance services. In addition, the
company recently entered the onsite gas market, through its
affiliate Universal Cryo Gas LLC. UIG products and services
are used in numerous industries, including metals
manufacturing and fabrication, chemicals, food and beverage
processing, glass, pulp and paper. For more information on
UIG, please visit
www.uigi.com.\
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