TW Cylinders Announces May Price Increases for Acetylene and High Pressure Cylinders
Unprecedented Mill Surcharges for Steel Scrap and Alloys Cited
Mechanicsburg, PA – (April 25, 2008): TW Cylinders LLC, a division of Taylor-Wharton International LLC today announced price increases, effective May 1, 2008 covering all acetylene and high pressure cylinder product lines.
Scott W. Boyd, Vice President of Sales and Marketing stated that, “Unprecedented price escalation for the alloy steels required by specification to manufacture high pressure and acetylene cylinders compel us to increase our price structure for these product lines on May 1st.” Mr. Boyd further commented that, “The steel mills have increased their prices in excess of 20%, in a single 30-day period, for steel chemistry requiring premium scrap and certain chrome and vanadium alloys.” He also noted that, “Global increases for oil and fossil fuel commodities are assessed daily in the present economic environment and have a relentless impact on the daily manufacturing costs for all of our cylinder product lines. The persistent increases in energy related fees and surcharges affect the costs to operate our factories, transport raw materials and component parts to our factories and ship finished products to our customers.”
On a positive note, Mr. Boyd said that, “Although the supply chains serving our factories are also experiencing record increases in energy, transportation and material costs, they have maintained reliable deliveries to date.”
Orders placed for shipment prior to May 1, 2008, will be accepted at existing prices on a first-come/first-served basis and subject to available inventory and manufacturing capacity at time of order.
Taylor-Wharton International LLC 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 TWI can be located at www.taylorwharton.com; www.awtank.com; www.scicomposites.com; and www.sherwoodvalve.com.
