2969--11/26/2008--AIR_PRODUCTS_&_CHEMICALS_INC_/DE/

related topics
{cost, regulation, environmental}
{operation, international, foreign}
{system, service, information}
{regulation, change, law}
{operation, natural, condition}
{condition, economic, financial}
{acquisition, growth, future}
Raw Material and Energy Cost and Availability Interruption in ordinary sources of supply or an inability to recover increases in energy and raw material costs from customers could result in lost sales or reduced profitability. Regulatory Changes The Company is subject to extensive government regulation in jurisdictions around the globe in which it does business. Changes in regulations addressing, among other things, environmental compliance, import/export restrictions and taxes, can negatively impact the Company s operations and financial results. Greenhouse Gases Legislative and regulatory responses to global climate change create financial risk. Environmental Compliance Costs and expenses resulting from compliance with environmental regulations may negatively impact the Company s operations and financial results. Foreign Operations, Political and Legal Risks The Company s foreign operations can be adversely impacted by nationalization or expropriation of property, undeveloped property rights and legal systems or political instability. Interest Rate Fluctuations The Company s earnings, cash flow and financial position can be impacted by interest rate increases. Currency Fluctuations Changes in foreign currencies may adversely affect the Company s financial results. Catastrophic Events Catastrophic events could disrupt the Company s operations or the operations of its suppliers or customers, having a negative impact on the Company s business, financial results and cash flow. Operational Risks Operational and execution risks may adversely affect the Company s operations or financial results. Information Security The security of the Company s information technology systems could be compromised, which could adversely affect its ability to operate.

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