Air Products (APD) Installs 40th Prism Hydrogen Generator

Air Products and Chemicals Inc. (NYSE:APD) has made delivery of its 40th Prism Hydrogen Generator, which offers economical on-site gas production for a vast spectrum of supply requirements. The latest order was received from Biotechnological complex-ROSVA, involving the installation of two 250-normal-cubic-meters-per-hour hydrogen generators that will be utilized for hydrogenation in their manufacturing process.

Air Products’ PRISM Hydrogen Generators can provide requirements from 50 normal cubic meters per hour to greater than 4,500 normal cubic meters per hour, offering the lowest cost on-site hydrogen available in this production range. The company's hydrogen generators have been supplied for applications in a number of industries, including hydrogenation in chemical processing, atmospheric control in float glass, epitaxy production in electronics, annealing and galvanizing steel along with metals processing.

Air Products' PRISM Hydrogen Generator, which has the company's proprietary reformer technology with its hydrogen pressure swing adsorption capabilities, is a highly packaged on-site hydrogen generation technology that enables easy field installation and a fast start-up. Air Products works closely with customers to recognize the needs of their individual processes so it can provide the best solution for hydrogen supply in that range. Further, the company has an skilled technical support team that works with each customer to increase safety, help increase process efficiency and optimize their gas usage.

Air Products’ adjusted earnings for fourth-quarter fiscal 2016 beat the Zacks Consensus Estimate, whereas sales missed expectations. Air Products' industrial gases business in the Europe, Middle East, and Africa (EMEA) region is seeing pressure from a weak operating environment. The company is also witnessing lower volumes in Latin America. Moreover, it is exposed to currency headwinds.

Zacks Rank

Air Products currently carries a Zacks Rank #5 (Strong Sell).

Some better-ranked companies in the basic materials space include Koppers Holdings Inc. (NYSE:KOP) , The Chemours Company (NYSE:CC) and Celanese Corporation (NYSE:CE) .

Koppers Holdings sports a Zacks Rank #1 (Strong Buy) and has an expected long-term growth of 10%.

Chemours, with an expected long-term growth of 15.5%, also flaunts a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Celanese a Zacks Rank #2 (Buy) stock, has an expected long-term growth of 9.4%.

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