Taylor-Wharton to Increase Cryogenic Equipment Prices Effective August 14, 2006
Dramatic Raw Material Cost Escalations Force Price Adjustments
MECHANICSBURG, PA (July 27, 2006): The Taylor-Wharton business unit of Harsco GasServ will publish new price schedules for all cryogenic equipment effective August 14, 2006. Increases for bulk tanks will range from 7.5% to 12%, liquid cylinders will increase 5% and RDF products will increase approximately 3%. The new price schedules are effective August 14, 2006 and will be available at www.taylorwharton.com on Monday, July 31, 2006.
“The increases continue to be provoked by staggering surges in raw material costs”, commented Scott W. Boyd, Vice President-Sales and Marketing. “Costs for the raw material components of our cryogenic equipment products are escalating beyond any previous trends.” Mr. Boyd cited the dramatic scale of material increases over the last 90-days. “Nine-percent nickel material has increased 45% and the cost of stainless steel has risen 28% since May.”
All cryogenic product lines will be affected by the increases based upon the specific raw material content of each product group. Mr. Boyd also noted that sustained worldwide demand and global shortages in the metals sector do not suggest a reversal of escalating materials cost in the near term.
Price increases will take effect on August 14, 2006. All firm orders received on-or-after August 14th will be subject to the increases. Clarification inquiries and questions may be directed to Customer Service at 800-898-2657.
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. Harsco GasServ 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’s four market-leading business groups serve some of the world’s largest and most essential industries, including steel, construction, railways, and energy. The Company employs approximately 21,000 people in 45 countries of operation and recorded 2005 sales of approximately $2.8 billion. Additional information can be found at www.harsco.com.
