Taylor-Wharton Announces April Price Increases for Acetylene Cylinders, High Pressure Cylinders, Cryogenic Bulk Tanks and Portable Liquid Cylinders
Energy, Transportation and Component Parts Costs Trigger 5% IncreasesMechanicsburg, PA – (March 29, 2005): Taylor-Wharton today announced price increases, effective April 15, 2005, covering all cylinder and certain cryogenic equipment product lines.
Scott W. Boyd, Vice President of Sales and Marketing stated that, “Sustained escalation of energy and component parts costs continue to exert upward pressure on our pricing structure.” Mr. Boyd commented that, “Protracted global increases for oil and other fossil fuel commodities have had a persistent impact on manufacturing costs for all of our product lines.” He continued, “In addition to the energy related rise in costs to operate our factories, the costs to transport raw materials and component parts to our facilities and ship finished products to our customers are inflating beyond our ability to absorb the increases. As a result, we will be implementing an approximate 5% increase on all cylinder and certain cryogenic product lines effective April 15th.” Mr. Boyd noted that the supply chains serving the Taylor-Wharton factories are also experiencing unprecedented increases in energy costs and although the suppliers have maintained reliable deliveries, they are compelled to pass energy and transportation related increases through to our manufacturing locations.
For the convenience of Harsco GasServ cylinder and cryogenic customers, price and surcharge schedules are published at : www.taylorwharton.com.
Harsco GasServ comprises four complementary manufacturing and service businesses that combined, form the world’s leading technology, service and manufacturing network for gas applications involving pressure vessels and precision valves. The Group operates 23 manufacturing, sales, warehouse and service facilities in 9 countries on 5 continents, and markets its products in over 80 countries worldwide. Additional information about Harsco GasServ can be found at www.harscogasserv.com.
Harsco Corporation (NYSE: HSC) is a $2.5 billion industrial services and products company employing approximately 18,500 people at over 400 locations in more than 40 countries of operation. Additional information about Harsco can be found at www.harsco.com.
