Executive Salary
avg.$153,359
Air Products and Chemicals
Production and Processing of Raw Materials/Chemical Industry and Mineral Oil Processing/Oil and Gas
Allentown, GA, United States
Description
Air Products and Chemicals, Inc., founded in 1940 and headquartered in Allentown, Pennsylvania, is a publicly traded company with approximately 23,000 employees. The firm specializes in providing industrial gases, technologies, and applications expertise to a range of industries including refining, chemicals, metals, electronics, manufacturing, and food. With a fiscal revenue of around $12.6 billion, Air Products focuses on B2B solutions, serving industrial clients across various sectors. The company's operations span multiple locations within the United States, primarily centered in its Allentown headquarters. As a leading provider in the industrial gases industry, Air Products leverages its extensive product offerings and technical expertise to support industrial processes and manufacturing operations.
Experteer Insights
Experteer Briefing
Company Trajectory
Air Products and Chemicals, headquartered in Allentown, Pennsylvania, United States, was established in 1940 as a pioneer in the on-site production and sales of industrial gases. Over the decades, the company expanded its operations and refined its core business, becoming a significant player in supplying industrial gases and related technologies. Its growth has included global market expansion and the development of specialized subsidiaries, solidifying its leadership in various industrial sectors. As it continues to innovate, the company focuses on advancing its global footprint and expanding its portfolio to meet evolving industrial needs.
Financial Setup
Air Products and Chemicals is a publicly traded company that operates primarily on a business-to-business model, providing industrial gases, technologies, and applications expertise to industries such as refining, chemicals, metals, electronics, manufacturing, and food. The company employs approximately 23,000 people worldwide, reflecting the scale and reach of its operations. Its financial structure is bolstered by diversified revenue streams and a resilient business model designed to support sustainable growth and strategic investments.
Development & Outlook
Recent years have seen Air Products and Chemicals investing in research and development, resulting in a portfolio of 19,557 intellectual property documents, which includes 7,810 granted patents and 1,090 pending applications. The company's product range encompasses a broad array of industrial and specialty gases as well as performance materials and advanced equipment. Air Products is committed to sustainability, targeting a one-third reduction in CO₂ emissions intensity by 2030 compared to 2015 levels. The company also advances social responsibility through initiatives like the Lehigh Valley Grants Program and maintains a strong commitment to diversity and inclusion, with the goal of being the most diverse industrial gas company globally. Looking ahead, Air Products aims to drive innovation, expand its global presence, and enhance its environmental and social impact.
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