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AIR PRODUCTS SIGNS AGREEMENT TO RAISE STAKE IN MEXICO'S LARGEST INDUSTRIAL GAS COMPANY

 AIR PRODUCTS SIGNS AGREEMENT TO RAISE STAKE
 IN MEXICO'S LARGEST INDUSTRIAL GAS COMPANY
 ALLENTOWN, Pa., July 14 /PRNewswire/ -- Air Products and Chemicals, Inc. (NYSE: APD) announced today it has entered into an agreement in principal to increase significantly its minority ownership position in Empresas INFRA, the largest industrial gas group in Mexico.
 Air Products has been associated with the company since 1980, when it acquired a 25 percent position in CryoInfra, INFRA's on-site and merchant liquid gas business.
 The proposed transaction is subject to execution of definitive agreements, approvals by the boards of directors of the two companies, required approvals, and other usual conditions.
 INFRA, headquartered in Mexico City, is one of the 50 most important industrial groups in Mexico. Founded in 1919, it supplies industrial gases and related products through a nationwide distribution network.
 Air Products and Chemicals, Inc. is a major international supplier of industrial gases and related equipment, intermediate and specialty chemicals, and environmental and energy systems. The company has annual sales of $3 billion, operations in 29 countries and 14,600 employees worldwide. Corporate headquarters are near Allentown.
 -0- 7/14/92
 /CONTACT: Kevin J. Ramundo of Air Products and Chemicals, 215-481-4346/
 (APD) CO: Air Products and Chemicals, Inc.; Empresas INFRA ST: Pennsylvania IN: CHM SU:


CC -- PH009 -- 8959 07/14/92 09:03 EDT
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Publication:PR Newswire
Date:Jul 14, 1992
Words:219
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