Air Products To Increase Production Capacity At Its LNG Equipment Manufacturing Facility In Port Manatee, Florida; This Investment Will Increase Air Products' Manufacturing Capacity By Almost 20%
Portfolio Pulse from Happy Mohamed
Air Products (NYSE: APD) announced a significant investment to increase production capacity at its LNG equipment manufacturing facility in Port Manatee, Florida. The investment will increase the company's manufacturing capacity by almost 20%, improving equipment delivery schedules. This follows a previous expansion in 2019 that increased the facility's capacity by 60%. The company's LNG process technology and equipment are used to produce a majority of the total worldwide LNG.
July 31, 2023 | 3:46 pm
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Air Products is investing to increase its LNG manufacturing capacity by 20%, which will improve equipment delivery schedules. This could potentially increase the company's market share in the LNG industry.
The investment to increase manufacturing capacity indicates Air Products' commitment to meet the growing demand in the LNG industry. This could potentially lead to increased revenues and a stronger market position, positively impacting the company's stock price.
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