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Air Products to close Pennsylvania plant, idling 75 workers

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eFinanceMarkets   Thursday, 06/01/17 02:11:19 PM
Re: ValueInvestor15 post# 30
Post # of 35 
Air Products to close Pennsylvania plant, idling 75 workers

Air Products & Chemicals (APD +0.1%) says it is closing its Hanover Township, Pa. plant after more than 60 years, citing a decline in global orders.

The plant's 75 workers, who will lose their jobs effective Aug. 1, build heat exchangers, which are tanks up to 180 ft. long that cool natural gas as it comes out of the ground so it can be liquefied and shipped abroad.

APD still has a plant in Port Manatee, Fla., which is closer to the seaport needed to ship the exchangers overseas.

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