Air Products has unveiled the planned site for its new headquarters.
The 50-acre site will be built approximately one mile from its existing headquarters in Pennsylvania’s Lehigh Valley, USA.
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.
Air Products’ Chairman, President, and CEO, Selfi Ghasemi said: “This is a very exciting time for Air Products as we evolve our headquarters environment to be more beneficial to our employees and take advantage of sustainable technologies to lessen our footprint and reduce operating costs.”
The new headquarters site will include new administration offices, a research and development (R&D) facility, and an enclosed parking structure for employees.
Air Products’ headquarters will remain at its current location (7201 Hamilton Boulevard, Allentown), and employees will continue to work there during construction and completion of the new facilities.
The company plans to make its existing 235-acre location available to the real estate market.
The industrial gas company had divested non-core businesses over the last two years. These moves, in combination with other operational changes, have resulted in excess building space at Air Products’ present location, compounded by annual maintenance costs of approximately $20 million at its current 60-year-old location.
Mr Ghasemi said: “We believe our new location will afford us a special opportunity to modernise and optimise our office space and R&D facilities and invest in a work environment that motivates and energises our employees.
“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.”
Caption: Conceptual rendering of the new headquarters