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NEWS RELEASE ARCHIVES

Corporate News Releases

July 31, 2002
AIR PRODUCTS DONATES INTELLECTUAL PROPERTY TO IPST
Air Products and Chemicals, Inc. (NYSE:APD) today announced a donation of its proprietary Oxidative Heat Treatment (OHT) and Recovery Boiler Enrichment (RBE) technologies to the Institute of Paper Science and Technology (IPST) for further development and commercialization.

July 23, 2002
AIR PRODUCTS REPORTS THIRD QUARTER EARNINGS PER SHARE OF 63 CENTS
Air Products and Chemicals, Inc. (NYSE:APD) today reported net income of $141 million, or diluted earnings per share (EPS) of $.63 for its third fiscal quarter ended June 30, 2002. Net income was up seven percent and diluted EPS was up five percent compared with prior year results of $132 million and $.60 per share.

July 18, 2002
AIR PRODUCTS MARKS FOURTH YEAR IN A ROW FOR LOWEST RECORDABLE-INCIDENT RATE AMONG LARGE CHEMICAL COMPANIES IN U.S.
For the fourth consecutive year, Air Products and Chemicals, Inc. (NYSE:APD) achieved the best safety record in the category of total recordables among large-scale chemical manufacturers in the U.S. for 2001, according to Responsible Care® performance measure data recently released by the American Chemistry Council (ACC).

July 18, 2002
AIR PRODUCTS BOARD ELECTS NEW DIRECTOR
Terrence Murray, chairman of FleetBoston Financial Corporation, has been elected to Air Products and Chemicals, Inc.'s (NYSE:APD) board of directors, effective July 17.

April 23, 2002
AIR PRODUCTS REPORTS SECOND QUARTER EPS OF 57 CENTS
Air Products and Chemicals, Inc. (NYSE:APD) today reported net income of $126 million, or diluted earnings per share (EPS) of $.57, for its second fiscal quarter ended March 31, 2002.

April 23, 2002
AIR PRODUCTS APPOINTS JOHN OWINGS VICE PRESIDENT AND CHIEF FINANCIAL OFFICER
Air Products and Chemicals, Inc. (NYSE: APD) today announced that John R. Owings has been appointed vice president and chief financial officer (CFO), effective May 20, 2002, succeeding Leo J. Daley who will retire this summer after a 23-year career with Air Products.

March 26, 2002
EPA HONORS AIR PRODUCTS WITH PRESTIGIOUS 2002 CLIMATE PROTECTION AWARD
At a ceremony in Washington, D.C. last evening, Air Products and Chemicals, Inc. (NYSE:APD) was honored as a recipient of the U.S. Environmental Protection Agency's (EPA) 2002 Climate Protection Award for outstanding leadership, personal dedication and technical achievement in reducing greenhouse gas emissions and protecting the Earth's climate.

March 21, 2002
AT&T AND PARTNERS LAUNCH FIRST SINO-FOREIGN TELECOM SERVICES JOINT VENTURE IN CHINA
The first Sino-foreign telecom services joint venture officially launched its business today. Shanghai Symphony Telecom, which will market its services under the brand name—Unisiti—is a joint venture between AT&T, Shanghai Telecom (STC), and Shanghai Information Investment (SII).

March 7, 2002
AIR PRODUCTS DUO ARE PRESENTED CHAIRMAN'S AWARD TO HONOR LEADERSHIP IN BUSINESS TURNAROUND
At a ceremony last evening held at Lehigh Country Club, Air Products and Chemicals, Inc. (NYSE:APD) presented the 2001 Chairman's Award for Excellence, the highest level of Air Products' employee recognition programs, to John B. Dickenson and Thomas V. Pillitteri for engineering the dramatic turnaround of a business segment that is now one of Air Products' best performers.

February 28, 2002
AIR PRODUCTS COMPLETES SALE OF ITS U.S. PACKAGED GAS BUSINESS TO AIRGAS
Air Products and Chemicals, Inc. (NYSE:APD) announced today it has completed the sale of the majority of its U.S. packaged gas business to Airgas, Inc. (NYSE:ARG). Under a separate transaction, Air Products also has sold its packaged gas operations in the Carolinas and southern Virginia to National Welders Supply Company, Inc.

January 3, 2002
AIRGAS TO ACQUIRE MAJORITY OF AIR PRODUCTS' U.S. PACKAGED GAS BUSINESS
Airgas, Inc. (NYSE: ARG) and Air Products and Chemicals, Inc. (NYSE: APD) today announced an agreement for Airgas to purchase the majority of Air Products' U.S. packaged gas business, excluding its electronic gases and magnetic resonance imaging (MRI)-related helium operations.

July 02, 2001
AIR PRODUCTS IS SAFEST AMONG LARGE CHEMICAL COMPANIES IN U.S.
For the second consecutive year, Air Products and Chemicals, Inc. (NYSE:APD) has earned the top position as the safest among large-scale chemical manufacturers in the U.S. for 2000, according to Responsible Care® performance measure data recently released by the American Chemistry Council.

May 17, 2001
AIR PRODUCTS BOARD ELECTS NEW DIRECTOR
Michael J. Donahue, group executive vice president and chief operating officer of KPMG Consulting, Inc., Radnor, Pa., was elected today to Air Products and Chemicals, Inc.'s (NYSE: APD) board of directors.

15 March 2001
FORMER SCIENCE MINISTER PRAISES AIR PRODUCTS FOR ENVIRONMENTALLY FRIENDLY PARTNERSHIP WITH POWERGEN
Local MP and former science minister, Ian Taylor, today opened a new environmentally friendly CHP (combined heat and power) system designed by Powergen Energy Solutions for Hersham-based gases and chemicals company, Air Products.

January 25, 2001
CEO OF AGL RESOURCES JOINS AIR PRODUCTS BOARD
Air Products and Chemicals, Inc. (NYSE:APD) has announced that Paula G. Rosput, director, president and chief executive officer of AGL Resources Inc. (Atlanta, Ga.), was elected to its board of directors at today's Annual Shareholders Meeting.

November 16, 2000
JOHN JONES ELECTED CHAIRMAN, PRESIDENT
AND CHIEF EXECUTIVE OFFICER OF AIR PRODUCTS
Air Products and Chemicals, Inc. (NYSE: APD) announced today that its Board of Directors has elected John P. Jones III as Chairman of the Board, President and Chief Executive Officer, effective December 1, 2000, succeeding Harold A. ("Hap") Wagner.

November 9, 2000
AIR PRODUCTS LAUNCHES FIRST-EVER BRAND PROGRAM
Air Products and Chemicals, Inc. (NYSE:APD) has launched a comprehensive brand program to promote its core strengths and values as a leader in the global industrial gases and chemicals marketplace.

November 3, 2000
AIR PRODUCTS HONORS INDUSTRIAL GAS EXPERT WITH $50,000 CHAIRMAN'S AWARD FOR EXCELLENCE
At a ceremony last night, Air Products and Chemicals, Inc. (NYSE:APD) bestowed its 2000 Chairman's Award for Excellence on James S. Vastine, manager, start-up engineering services.

October 19, 2000
AIR PRODUCTS BOARD ELECTS NEW DIRECTOR
Charles H. Noski, senior executive vice president and chief financial officer of AT&T, was elected today to Air Products and Chemicals, Inc.'s (NYSE: APD) board of directors.

October 10, 2000
AIR PRODUCTS CONFERS MAJOR GIFT OF TECHNOLOGY
Air Products and Chemicals, Inc. (NYSE: APD) has donated a major technology portfolio to the University of Pittsburgh consisting of more than 50 patents involving process technologies to manufacture N-vinylformamide (NVF) and products derived from NVF.

July 17, 2000
AIR PRODUCTS DONATES FLY ASH TECHNOLOGY AND FIVE PATENTS TO LEHIGH UNIVERSITY
Five patents issued for technologies that can strengthen asphalt and concrete, and increase fire retardance of plastic- and asphalt-based construction materials, are being donated by Air Products and Chemicals, Inc. (NYSE:APD) to Lehigh University.

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