Taylor-Wharton Announces Price Adjustments for Acetylene Cylinders, High Pressure Cylinders, Cryogenic Bulk Tanks, Portable Liquid Cylinders and RDF Equipment
Energy, Transportation and Certain Raw Material Costs Continue to Increase
Mechanicsburg, PA – (November 10, 2005): Taylor-Wharton, a Harsco GasServ company, today announced price adjustments, effective November 14, 2005, covering all cylinder and cryogenic equipment product lines.
Scott W. Boyd, Vice President of Sales and Marketing reported that, “We will be adjusting our base prices and surcharges, as applicable, for the Taylor-Wharton product lines as dictated by our costs for energy, transportation and certain raw materials.” Boyd further explained that although some prices in the commodity metals markets have begun to stabilize, the specialized steels used in the production of pressure vessels continue to increase.
Mr. Boyd said that energy allocation is also a concern. He noted that “Natural gas flow to our Huntsville, Alabama factory was curtailed by the supplier on two separate occasions since October 1st. As a result, we were obliged to invest in a dual-fuel system to continue to provide a reliable, uninterrupted supply of products to our customers. The investment of the alternate energy system to insure continuous operation of the facility is yet another manifestation of cost escalation associated with the current instability in the energy and fuel markets.” Boyd pledged that T-W will sustain efforts to contain and neutralize accelerating costs through production efficiencies and technical product innovations.
Price and surcharge schedules are published on the company’s web site at www.taylorwharton.com.
The new prices will apply to all orders received on or after November 14, 2005. Customers currently under contract agreements with Taylor-Wharton will be advised of the effects of the November 14, 2005 price adjustments.
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.
