Air Products, Allentown, Pa., announces that it will build its new headquarters a little over one mile from its existing location on an available 50-acre tract in Lehigh Valley. The new headquarters site will include new administration offices, a research and development facility, and an enclosed parking structure for employees. A cost estimate is not being disclosed at this time. Air Products’ headquarters will remain at its current location in Allentown, and employees will continue to work there during construction and completion of the new facilities.
Focusing on industrial gases, Air Products has divested non-core businesses over the last two years. These moves, in combination with other operational changes, have resulted in excess building space at the present location, compounded by annual maintenance costs of approximately $20 million at its current 60-year-old location. The new building will allow Air Products to take advantage of sustainable technologies to reduce its operating costs and the size of its footprint.
“We believe our new location will afford us a special opportunity to modernize and optimize our office space and R&D facilities and invest in a work environment that motivates and energizes our employees,” says Chairman, President, and Chief Executive Officer Seifi Ghasemi . “As a global company operating in more than 50 countries, this new headquarters will reflect the safety, speed, simplicity and self-confidence that move us forward as a world-leading industrial gas company.”
Groundbreaking is expected in March 2019 with occupancy targeted by Summer 2021. The new location will be the base for approximately 2,000 Air Products employees with capacity for growth.
