New Plant Will Supply Nucor Corporation and Expand Merchant Gas
Presence in the Region
Company Website:
http://www.airgas.com
RADNOR, Pa. -- (Business Wire)
Airgas, Inc. (NYSE: ARG), one of the nation’s leading suppliers of
industrial, medical, and specialty gases, and related products, today
announced that it has signed a long-term agreement to build an air
separation unit (ASU) to supply tonnage oxygen, nitrogen and argon via
pipeline to Nucor Steel Tuscaloosa, Inc., a subsidiary of Nucor
Corporation, at its steel manufacturing plant in Tuscaloosa, Alabama.
“We’re excited about our new partnership with Nucor and look forward to
serving its gas needs in Tuscaloosa with our new, state-of-the-art
atmospheric gas production facility,” said Airgas President and Chief
Executive Officer Michael L. Molinini.
Airgas’ new large-scale ASU will be constructed adjacent to the existing
Nucor facility and is expected to be on-stream in the spring of 2017.
The ASU will also produce oxygen, nitrogen, and argon to support the
region’s merchant bulk gas market.
“Airgas has been very responsive in understanding and formulating
solutions to our gas supply needs and, through the new ASU, will provide
Nucor with an innovative and highly reliable long-term supply system,”
said Randy Skagen, Vice President and General Manager of Nucor Steel
Tuscaloosa, Inc. “We look forward to a successful relationship with
Airgas.”
"On behalf of the Tuscaloosa County Industrial Development Authority
board of directors, I would like to congratulate Airgas on its
announcement of a new ASU in Tuscaloosa, Alabama," said Dara Longgrear,
Executive Director of the Tuscaloosa County Industrial Development
Authority. "Our community is proud to support Airgas and Nucor Steel and
we look forward to future opportunities and growth in Tuscaloosa through
this new facility."
Airgas currently owns and operates 16 ASUs and is the fifth-largest
producer of atmospheric gases in the U.S. The Company’s full range of
gas supply modes – from cylinders and dewars to microbulk, bulk, and
on-site – enables its customers to optimize their production processes
through the gas supply mode that most effectively and efficiently meets
their needs.
“The new plant will be operated by Airgas Merchant Gases, which manages
Airgas’ network of ASUs, sourcing options for all major gases, and bulk
gas distribution logistics,” said Thomas S. Thoman, Airgas Division
President – Gases Production. “Our investment in new production
capabilities in Tuscaloosa will provide supply security to Nucor and
strengthen our gas supply chain to ensure long-term reliability for our
packaged and merchant gas customers throughout the region.”
In addition to gases, Airgas is a leading supplier of a wide range of
hardgoods, including welding equipment and related products, safety
products, and tools and supplies for construction and maintenance,
repair, and operations (MRO).
About Airgas, Inc.
Airgas, Inc. (NYSE: ARG), through its subsidiaries, is one of the
nation’s leading suppliers of industrial, medical and specialty gases,
and hardgoods, such as welding equipment and related products. Airgas is
a leading U.S. producer of atmospheric gases with 16 air separation
plants, a leading producer of carbon dioxide, dry ice, and nitrous
oxide, one of the largest U.S. suppliers of safety products, and a
leading U.S. supplier of refrigerants, ammonia products, and process
chemicals. More than 16,000 associates work in approximately 1,100
locations, including branches, retail stores, gas fill plants, specialty
gas labs, production facilities and distribution centers. Airgas also
markets its products and services through e-Business, 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.
Contacts:
Airgas, Inc.
Investor Contact:
Joseph
Marczely, 610-263-8277
joseph.marczely@airgas.com
or
Media
Contact:
Sarah Boxler, 610-263-8260
sarah.boxler@airgas.com
Source: Airgas, Inc.
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