By Patrick Thomas

Air Products and Chemicals Inc. (APD) is ratcheting up its prices for its North American customers beginning next year, the company said Monday.

Prices for liquid argon will increase up to 20%. Prices for liquid forms of nitrogen, oxygen and carbon dioxide will increase up to 10%. Monthly service charges are also increasing by 10%.

Helium prices will also be increased, but it may be customer specific, the firm said.

The Lehigh Valley, Pa.-based company said some price adjustments may be outside of these ranges based on specific situations. The company said the price hikes are due to sourcing, production and delivery costs, and to support continued investments in reliability, security, and safety.

Write to Patrick Thomas at patrick.thomas@wsj.com

(END) Dow Jones Newswires

December 17, 2018 11:15 ET (16:15 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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