News Summary
Air Products has launched its new air separation facility in Cleveland, Ohio, designed to supply gaseous oxygen, nitrogen, and liquid argon to various industries. This facility enhances the company’s presence in the Great Lakes region and supports ongoing investments from onsite customers. The operational capabilities of the facility ensure reliable access to essential industrial gases, while Air Products maintains a strong market position with projected revenues of $3.99 billion in 2024.
Cleveland, Ohio – Air Products, a leading industrial gas company based in Allentown, has officially launched its new air separation facility in Cleveland, Ohio. The facility is now operational and has commenced supplying various industries in the surrounding area, which include chemicals, electronics, fabricated metals, food, health and medical, primary materials, and utilities.
The newly operational facility possesses liquid production capabilities, allowing it to serve as a backup source for onsite gaseous supply for multiple customers located in the Cleveland area. This strategic enhancement not only extends the company’s footprint in a critical merchant market but also supports a significant onsite customer that is currently making investments at this location.
In conjunction with the new facility, Air Products is also committing resources to extend the lifecycle of an existing air separation unit and liquefier plant at the Cleveland site. This initiative reflects the company’s long-standing presence in Cleveland, where Air Products has been operating since the 1960s.
The Cleveland facility is designed to supply the regional merchant market with an array of products, including gaseous oxygen, gaseous nitrogen, and liquid argon. The operational capabilities of this facility will help ensure that the region’s industries have access to the essential industrial gases needed for their operations.
Air Products emphasizes the diversity of the customer base served by its Cleveland operations. The company’s footprint in the Great Lakes region is significant, solidifying its position as the second-largest industrial gas company in the area. It is projected that the company will generate approximately $3.99 billion in revenue in 2024, bolstered by strong demand for its products and services.
In fiscal 2024, Air Products reported total sales of $12.1 billion from its operations globally. The company operates in around 50 countries and aims to cater to energy, environmental, and emerging markets through its comprehensive portfolio of industrial gases and related equipment. The Cleveland facility is a vital component in supporting these goals, as it continues to maintain its contractual relationships with onsite customers while also delivering capacity into a key merchant market.
Air Products has maintained a reputation as a stable participant in the industrial gas market, reflected in its low price volatility. Recently, the company reported strong fiscal third-quarter earnings for 2025, with earnings per share hitting $3.09 and revenues surpassing forecasts at $3.02 billion. This performance has reaffirmed investor confidence, leading TD Cowen to maintain the stock rating for Air Products while also raising its price target for the company.
The establishment of the new air separation facility adds to Air Products’ capability to serve a diverse array of industries and strengthens its position in the competitive landscape of industrial gases. As the company continues to innovate and expand its facilities, it is well-positioned to meet the growing demands of its various sectors in the upcoming years.
In summary, Air Products’ latest operational milestone in Cleveland is not only a testament to its commitment to service and reliability but also signifies ongoing investments that bolster both its local presence and global operations in the industrial gases market. The company looks forward to fulfilling the needs of its diverse customer base while aiming to drive further growth and stability in 2024 and beyond.
Deeper Dive: News & Info About This Topic
HERE Resources
Cleveland’s Convention Business Hit Hard by Proposed Ohio Laws
Construction Industry Faces Challenges with Tariff Volatility and AI
Donald Trump’s Private Visit to Scotland Sparks Controversy
Major Legal Developments in Mesothelioma Litigation
Additional Resources
- Air Products News Center
- Gasworld Article
- Investing.com News
- PR Newswire
- TipRanks Update
- Wikipedia: Air Products and Chemicals
- Google Search: Air Products
- Google Scholar: Air Products
- Encyclopedia Britannica: Air Products and Chemicals
- Google News: Air Products
Author: STAFF HERE CLEVELAND WRITER
CLEVELAND STAFF WRITER The CLEVELAND STAFF WRITER represents the seasoned team at HERECleveland.com, your premier source for actionable local news and information in Cleveland, Cuyahoga County, and beyond, delivering "news you can use" with in-depth coverage of product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news impacting the region—backed by years of expert reporting and robust community input, including local press releases and business updates, while providing top reporting on high-profile events like the Rock and Roll Hall of Fame inductions, Cleveland International Film Festival, and holiday parades, alongside key organizations such as the Cleveland Clinic, Cleveland Orchestra, and Great Lakes Science Center, plus leading businesses in manufacturing and healthcare like Sherwin-Williams and University Hospitals, and as part of the broader HERE network including HEREDayton.com, offering comprehensive, credible insights into Ohio's vibrant landscape. HERE Cleveland HERE Dayton
