Taylor-Wharton to Increase Cryogenic Equipment & Cylinder Prices
Management Cites Alloy Steel Increases
MECHANICSBURG, PA (Friday, March 30, 2007): The Taylor-Wharton business unit of Harsco GasServ will issue increased surcharge schedules and base-prices for both cryogenic equipment and cylinder product lines. The new surcharges are effective on Monday, April 16, 2007 and base-prices will increase on Tuesday, May 1, 2007. Both price increase categories are influenced primarily by price escalations in alloy steel raw materials. The T-W product lines affected include acetylene and high pressure cylinders, bulk and micro-bulk cryogenic storage tanks, cryogenic liquid cylinders, beverage carbonation equipment and stainless steel freezers.
Scott W. Boyd, Vice President-Sales and Marketing, commented that, “significant price increases for alloy steel raw materials make it necessary to increase our price schedules for all product lines manufactured from these alloys.” He further noted that 4130X Chrome Molybdenum, 9% Nickel, 304 Stainless and 201 Stainless are all specialty steel alloys that are essential to the production of Taylor-Wharton’s products and all have substantially increased in cost. Mr. Boyd also pointed to increases in petroleum-based raw materials, such as acetone, that are a sizeable portion of the cost structure for certain product lines.
Surcharge increases will take effect on April 16, 2007
Base-price increases will take effect on May 1, 2007.
New surcharge and base-price schedules will be published the week of April 2nd on the company’s website, www.TaylorWharton.com.
All orders placed on or after the effective dates are subject to the new prices.
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 19 manufacturing, sales, warehouse and service facilities in 6 countries on 4 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 one of the world’s leading diversified industrial services companies, serving major customers in the non-residential construction, steel and metals, energy and railway industries. The Company posted 2006 revenues of $3.4 billion and employs approximately 21,500 people worldwide. Harsco’s common stock is a component of the S&P MidCap 400 Index and the Russell 1000 Index. Additional information can be found at www.harsco.com.
