Industrial gases supply contracts awarded to Air Products over the past 12 months call for the investment in six industrial gas plants and a pipeline network for the supply of gaseous nitrogen (N2) and oxygen (O2), as well as other bulk gases. These facilities will support existing and new customers in key electronics clusters and industrial parks in China’s major economic regions, including the Yangtze River Delta in Eastern China, Pearl River Delta in Southern China, and Beijing-Tianjin-Hebei region in Northern China.
Saw Choon Seong, China President, Industrial Gases at Air Products, said, “We are greatly honoured to be selected by our existing as well as new customers to support their growth plans in China. These wins speak volumes about their confidence in our capabilities.”
“Air Products has been serving the Chinese market for 30 years. These recent strategic investments reflect our continued commitment to supporting the fast-paced development of electronics manufacturing customers here who are gaining new momentum for growth under the country’s 13th Five-Year Plan and ’Made in China 2025’ initiative. We will continue to bring our scale, innovation, and reliable and safe supply to enable them to thrive,” Seong continued.
The Chinese Government has a strong commitment to boosting development of the electronics industry. One initiative is the establishment of the National Integrated Circuit Industry Investment Fund, commonly known as the Big Fund, to invest roughly $20bn from 2014 through 2017 in the country’s semiconductor industry. In addition, local governments have also set up regional-level funds totaling around $100bn to promote key technologies and major projects.
Over the past 12 months, some of Air Products’ wins include some landmark projects in China’s electronics industry, and some are state-level projects such as:
- A new memory fab in the Fujian (Jinjiang) Integrated Circuit Industrial Park in Fujian Province, Southern China.
- A new foundry in the Pukou Economic Development Zone (PKEDZ) in Eastern China, a state-level high-tech park which will be home to advanced manufacturing and is only 35 kilometres away from the Nanjing Chemical Industry Park (NCIP). Air Products has already built a leading position in the NCIP serving several hundred customers in the park and across Nanjing through pipelines and various supply modes.