Air Products gets into beauty
Air Products and Chemicals added still another field to its diverse
product lines Wednesday, when the company announced the launch of
specialty chemicals for skin care, health care and cosmetics.
The Trexlertown gases and chemicals company will unveil a new line
of polymers for cosmetics-makers next week at a New York-area trade
show. The polymers are part of Air Products' performance materials
division, which develops chemicals that enhance or improve the
performance of other products.
In the cosmetics world, the polymers might be used to make
smoother-feeling gels and lotions, or hair gel that can be styled and
restyled instead of sticking in place, officials said. Spokesman Rob
Brown said Air Products sees a $3 billion market for specialty
Other Air Products' performance materials help the foam in office
chairs and car seats stand up to wear and help protect auto paint from
dents and scratches.
The company's new personal-care chemicals use technology licensed from Landec Corp., a California polymers company.
John Jones, Air Products' chief executive officer, has named
performance materials as one of the company's focus growth areas. That
division produced $570 million in sales last fiscal year, a number
Jones wants to raise to $1 billion within five years.
Beyond performance materials, Air Products' wide-ranging product
line includes home health equipment such as hospital beds; gases and
equipment for industrial food chilling and freezing; liquid hydrogen
used for space shuttle and rocket fuel; and oxygen-making systems
designed especially for fish farms, to name a few items.
Air Products stock lost 88 cents per share Wednesday on the New York
Stock Exchange, closing at $67.48 per share in light trading volume.