Breaking News

Tweet TWEET

Air Liquide Electronics signs two major contracts with China's leading display manufacturer

  Air Liquide Electronics signs two major contracts with China's leading
  display manufacturer

Air Liquide to supply BOE's two new factories

Business Wire

PARIS -- February 28, 2013

Regulatory News:

Air Liquide (Paris:AI):

The worldwide demand for next-generation flat panel displays is booming,
driven by the increasing popularity of smart phones and tablets as well as
ultra-high-definition screens. China has now become the largest consumer
market for electronics goods in the world. In the recent years, several
manufacturers have built state-of-the-art flat panel display fabs to meet
local and overseas demand.

Air Liquide  has been  awarded two major long-term contracts  by BOE
Technology Group in China,  to supply ultra-pure carrier molecules to its two
latest cutting-edge flat panel display fabs. These plants will both
manufacture large numbers of advanced flat panel displays. The first plant
(called BOE Ordos G5.5 AMOLED fab) will be based in Ordos, Inner-Mongolia and
the other plant (called BOE Hefei G8.5 TFT-LCD fab) in Hefei, Anhui province.

These contracts are the 20^th and 21^st long-term supply agreements signed by
AirLiquide Group in the flat panel display industry in Asia. The total
ultra-pure nitrogen newly-contracted will amount to 50,000 Nm3/h. This is the
largest investment ever made by Air Liquide in China for a client in this
sector.

The new BOE fab in Ordos will be commissioned in late 2013, and will produce
small and medium-sized advanced LTPS & AMOLED displays for mobile devices on
Generation 5.5 size glasses. AirLiquide will invest in a large on-site
generator to produce ultra-high purity nitrogen and in bulk gases (oxygen,
argon and hydrogen) supply infrastructure.

For the BOE fab in Hefei, located near the BOE Hefei G6 fab already supplied
by AirLiquide, those same molecules will be supplied by pipeline from Air
Liquide facilities, located in Hefei. This fab will be commissioned in early
2014 and will produce displays on Generation 8.5 size glasses. Air Liquide
will also invest in the necessary back-up infrastructure for both sites.

Founded in 1993, BOE has become the largest flat panel display manufacturer in
China. It also holds more than 9,000 applicable patents and ranks fifth in
term of shipment around the world.

Mr. Liu Xiaodong, Chief Operating Officer of BOE Technology group, commented:
“We are pleased to have selected Air Liquide as our partner for our new
projects in Hefei and in Ordos. Air Liquide has shown a strong understanding
of our needs and offered us competitive solutions that will provide good value
for our operations. We look forward to a long and fruitful partnership with
Air Liquide and to benefiting from its worldwide capabilities.”

Jean-Marc de Royere, Asia Pacific Vice President and member of the Air Liquide
Executive Committee, said: “We are honored by this long-term partnership and
the confidence placed in Air Liquide by BOE for their latest cutting-edge
display fabs. These new contracts, following those signed by AirLiquide to
supply BOE sites in Beijing (G5 fab), in Chengdu (G4.5 fab) and in Hefei (G6
fab), reinforce our position in the fast-growing flat panel industry in China
and advanced display technologies in Asia, and affirm the value and
competitiveness of our offer. ”

Air Liquide Electronics

With over 3,500 employees and €1,222million of revenue in 2012, AirLiquide
Electronics has activities in ultra-pure carrier and specialty gases, new
molecules, related equipment and customized services.

The Electronics division management is based in Asia to enhance its proximity
to the markets for semiconductors, flat panel displays and solar
photovoltaics.

Flat Panel Technologies

TFT-LCD (Thin Film Transistor – Liquide Crystal Display) relies on liquid
crystal to control light transmission at sub-pixel level.

LTPS (Low Temperature Poly-Silicon) and Oxide-TFT are highly conductive
materials, such as alloys of Indium Gallium Zinc Oxide allowing the production
of smaller TFTs for high-definition screens.

AMOLED refers to the use of Active TFT Matrix arrays, here made of LTPS or
Oxide-TFT, to control each OLED sub-pixel light emission.

Gen8.5 indicates the size of the mother glass substrate used to produce the
panels, here it is 5.5 m^2.

Air Liquide in China

Operates more than 60 plants and employs about 4,000 people today, with a
presence in the key coastal industrial areas, and is further expanding into
the western and the northeastern China.

Air Liquide has also strong Engineering and Construction capabilities through
AirLiquide Hangzhou and Lurgi.

Air Liquide returned to supply air separation units in the 1970s and restarted
gas operations in 1990.

The use of molecules in flat panel industries

High-purity gases are used to manufacture Thin Film Transistors (TFT), which
lie at the heart of FPD technologies: the main role of nitrogen (N[2]) is to
ensure a clean process environment. Electronics Specialty Gases (ESGs), along
with other carrier gases, are used either to deposit, clean or functionalize
the material layers that constitute the TFT.

Air Liquide is the world leader in gases for industry, health and the
environment, and is present in 80countries with close to 50,000employees.
Oxygen, nitrogen, hydrogen and rare gases have been at the core of Air
Liquide’s activities since its creation in 1902. Using these molecules, Air
Liquide continuously reinvents its business, anticipating the needs of current
and future markets. The Group innovates for the good of society while
delivering growth and consistent performance.

Innovative technologies that curb polluting emissions, lower industry’s energy
use, recover and reuse natural resources or develop the energies of tomorrow,
such as hydrogen, biofuels or photovoltaic energy… Oxygen for hospitals, home
healthcare, fighting nosocomial infections… Air Liquide combines many products
and technologies to develop valuable applications and services not only for
its customers but also for society.

A partner for the long term, Air Liquide relies on employee commitment,
customer trust and shareholder support to pursue its vision of sustainable,
competitive growth. The diversity of Air Liquide’s teams, businesses, markets
and geographic presence provides a solid and sustainable base for its
development and strengthens its ability to push back its own limits, conquer
new territories and build its future.

Air Liquide explores the best that air can offer to preserve life, staying
true to its Corporate Social Responsibility and sustainable development
approach. In 2012, the Group’s revenues amounted to €15.3billion of which
82% were generated outside France. AirLiquide is listed on the Paris Euronext
stock exchange (compartment A) and is a member of the CAC 40 and Dow Jones
Euro Stoxx 50 indexes.

Contact:

Corporate Communications
Corinne Estrade-Bordry, + 33 (0)1 40 62 51 31
Garance Bertrand, + 33 (0)1 40 62 59 62
or
Investor relations
Virginia Jeanson, +33 (0)1 40 62 57 37
Annie Fournier, +33 (0)1 40 62 57 18
or
Air Liquide China Communications
Jenny Ying, + 86 (21) 6090 3607