ARTICLE
Lehigh Valley has most at stake in Air Products spinoff Sam Kennedy, Anthony Salamone 10:21 pm, September 17, 2015 A Lehigh Valley Fortune 500 company spins off a sizable chunk of its business, creating a multibillion-dollar company in the process. Where will the new company set up shop? That was the big question more than a year ago when PPL Corp. of Allentown decided to spin off its generation business, creating Talen Corp. And that is the big question today as Air Products of Trexlertown, the world's largest hydrogen producer and a top local employer, prepares to unload its Materials Technologies Division. So far company officials have yet to give any hint of what — or more precisely, where — they have in mind. It feels like deja vu for good reason. Once again, no place has more at stake than the Lehigh Valley. If the new publicly traded company sets up shop elsewhere, the region would lose hundreds of high-paying, white-collar jobs. "Everyone will do everything they can to convince Air Products to maintain as many jobs as possible in the Lehigh Valley," said Tony Iannelli, CEO and president of the Greater Lehigh Valley Chamber of Commerce. Click here to read the full article
Lehigh Valley has most at stake in Air Products spinoff
Sam Kennedy, Anthony Salamone
10:21 pm, September 17, 2015
A Lehigh Valley Fortune 500 company spins off a sizable chunk of its business, creating a multibillion-dollar company in the process. Where will the new company set up shop?
That was the big question more than a year ago when PPL Corp. of Allentown decided to spin off its generation business, creating Talen Corp.
And that is the big question today as Air Products of Trexlertown, the world's largest hydrogen producer and a top local employer, prepares to unload its Materials Technologies Division. So far company officials have yet to give any hint of what — or more precisely, where — they have in mind.
It feels like deja vu for good reason. Once again, no place has more at stake than the Lehigh Valley. If the new publicly traded company sets up shop elsewhere, the region would lose hundreds of high-paying, white-collar jobs.
"Everyone will do everything they can to convince Air Products to maintain as many jobs as possible in the Lehigh Valley," said Tony Iannelli, CEO and president of the Greater Lehigh Valley Chamber of Commerce.
Click here to read the full article