A 144-page hardcover monograph entitled 'Paramit: Factory In The Forest' details the green design features and sustainable pursuits of a multi-award-winning factory in Penang.
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Q2 FY21 (comparisons versus prior year):
GAAP EPS of $2.13, down four percent; GAAP net income of $477 million, down three percent; and GAAP net income margin of 19.1 percent, down 300 basis points. These results include an estimated $0.10-$0.15 per share negative impact from COVID-19.
Adjusted EPS of $2.08, up two percent; adjusted EBITDA margin of 37.3 percent, down 300 basis points. These results include an estimated $0.10-$0.15 per share negative impact from COVID-19.
Q2 FY21 Highlights
Delivered base business excellence: Brought onstream sixth air separation unit in Chandler, Arizona and first cryogenic nitrogen plant in the Bayan Lepas Free Industrial Zone, Penang, Northern Malaysia to increase capacity to serve fast-growing electronics and other end-market demand
Business News: March 2021
March 1, 2021
Plant Watch
Austria’s largest green-hydrogen plant being constructed at OMV refinery
February 16, 2021 OMV AG (Vienna, Austria; www.omv.com) and infrastructure bank Kommunalkredit Austria AG announced a joint €25-million investment in the construction of Austria’s largest electrolysis plant at OMV’s Schwechat petroleum refinery. The 10-MW electrolysis unit will produce up to 1,500 metric tons per year (m.t./yr) of green hydrogen once the plant starts up in 2023. The green hydrogen will be used for the hydrogenation of fuels.
Encina and Flint Hills Resources plan waste-plastic-based fuels and chemicals
February 16, 2021 Encina Development Group, LLC (The Woodlands, Tex.; www.encina.com.) signed a non-binding term sheet with Flint Hills Resources, LLC (Wichita, Kan.; www.fhr.com) to produce renewable chemicals and renewable fuels from waste plastic. The parties may enter into a definitive agreement that includes building a r
Air Products starts up cryogenic N2 plant in Malaysia
By Mary Page Bailey |
February 12, 2021
Air Products (Lehigh Valley, Pa.) announced it has brought on-stream its first cryogenic nitrogen plant in the Bayan Lepas Free Industrial Zone, Penang, Northern Malaysia. The new facility further expands the company’s capacity and reinforces its leading supply position in Penang to serve the fast-growing customer demand from the electrical and electronics (E&E) and other manufacturing industries.
The Bayan Lepas Free Industrial Zone, located in Penang which is one of Malaysia’s most vital economic powerhouses, is a high-tech industrial zone and home to many multinational E&E companies.