Air Products to Boost Capex at Least $2 Billion in Fiscal 2022

SUGAR LAND--November 5, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Air Products and Chemicals Incorporated (NYSE:APD) (Lehigh Valley, Pennsylvania) expects its capital expenditures (capex) to run between $4.5 billion and $5 billion in fiscal year 2022 as it continues development on a wide range of mega, midsize and small industrial gas projects across the globe. In comparison, the company's capex for its just-ended fiscal year 2021 amounted to $2.55 billion.