Taylor-Wharton to Adjust Cryogenic and Cylinder Prices Today
Harsco GasServ’s Executive Committee Cites Management Mission and Market Study for Immediate Adjustments
MECHANICSBURG, PA (September 12, 2005): The Taylor-Wharton business unit of Harsco GasServ will publish new price schedules for both cryogenic and cylinder product lines today. The new price schedules will become effective September 13, 2005 and were influenced by a recent survey of price structures in the industrial gas marketplace. Scott W. Boyd, Vice President-Sales and Marketing, stated that, “The recently formed Global Governance Committee (GGC) at Harsco GasServ identified price structure as a critical component of the customer friendly business platforms that are integral to our improved customer relations mission.” He continued, “We knew our products, quality and lead-times are among the best in the industry. However, we also knew that we may be missing some opportunities to strengthen partnerships with loyal customers based on our aggregate price structure.
Our market review indicated that our cryogenic and cylinder prices were high in some cases and low in others. This situation tended to attract business for some of our product lines and made us less competitive in areas where we know our products are appealing and in demand. It became obvious that our price schedules were inhibiting us from fully leveraging our unique position as the broadest range gas equipment producer in the industry.” Mr. Boyd also noted that the decision to immediately synchronize Taylor- Wharton’s price levels with industry expectations was motivated by the prospect that prices for cryogenic vessels and cylinders through the balance of the year may be significantly and frequently impacted by fluctuation in fuel and energy costs and availability. Boyd commented that, “We wanted to be certain that these present price adjustments reflect our market study findings and not the inevitable cost escalation effects of oil and energy. We will all have to deal with those issues in the future.”
Taylor-Wharton’s new price schedules will be available at www.taylorwharton.com by the close of business today, Monday, September 12, 2005.
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 is a diversified, worldwide industrial services and products company with annual sales in excess of $2.5 billion. Harsco’s four market-leading business segments provide mill services, access services, engineered products and services, and gas containment and control technologies to customers worldwide. The company employs 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.
