Air Products Sales Deflate from Strong Dollar in First-Quarter 2015, Full-Year Capex Estimated at $1.7 Billion

SUGAR LAND--May 1, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Despite strong underlying sales growth from improved pricing and volumes, industrial gases manufacturer Air Products (NYSE:APD) (Lehigh Valley, Pennsylvania) reported a drop in overall sales for the second quarter of its 2015 fiscal year, largely due to the strengthening U.S. dollar. Still, profits generally improved as the company continued its efforts to reduce costs. Industrial Info is tracking more than $798 million in active projects involving Air Products.

Within this article: Details on Air Products' quarter and projects, including the construction of a liquid nitrogen plant in Texas.