tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Air Products to invest $70M to expand Missouri manufacturing, logistics center

Air Products announced it will invest more than $70 million to significantly expand its manufacturing and logistics center in Maryland Heights, near St. Louis, Missouri. The investment, which is Air Products Membrane Solutions’ largest ever, is driven by growing product demand in biogas and hydrogen recovery applications, as well as customer needs for the use of nitrogen for the aerospace industry and cleaner fuels for the marine industry. The new manufacturing facility is expected to be in production by the end of 2025 and include the addition of 30 new positions. Currently, about 170 employees work at the St. Louis facility. This expansion follows a previous $10 million investment made in 2023 to increase production capacity at the current facility.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1