Air Products, partner building Japanese plant
Wednesday January 7, 1:48 pm ET
Air Products, joint venture partner, building production facility in Kawasaki, Japan
LEHIGH VALLEY, Pa. (AP) -- Air Products & Chemicals Inc. said Wednesday it and partner Showa Denko will build a Japanese facility that will manufacture hexafluoride butadiene, a chemical used in making chips and printed circuit boards.
The Kawasaki plant is expected to be completed by midyear, the specialty and industrial chemical maker said.
Air Products said demand for hexafluoride butadiene, one of a number of so-called etch and chamber cleaning gases used in processing semiconductors and printed circuit boards, is growing. The news came even as Intel Corp., the world's largest chip maker said it will miss its already lowered fourth-quarter revenue projections -- evidence that PC makers and buyers are pulling back even further on tech spending.
The agreement to build the plant extends a 10-year production joint venture, known as Showa Denko Air Products Co. Ltd., between Air Products and Showa Denko.
In afternoon trading, Air Products shares fell $2.30, or 4 percent, to $56.97.
Source: Associated Press
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