TW Cryogenics Announces June 1st Base-Price Increases for Bulk Tanks and Liquid Cylinders
Surcharge Increases are Effective April 30th
Mechanicsburg, PA – (April 30, 2008): TW Cryogenics LLC, a division of Taylor-Wharton International LLC today announced base-price increases covering the company’s Bulk Tank and Portable Liquid Cylinder product lines effective June 1, 2008 and surcharge increases effective April 30, 2008.
The base-price Increase for bulk tanks is 3.8% and liquid cylinders will increase an average of 5%. The new base-price and surcharge schedules are available at www.TaylorWharton.com.
Scott W. Boyd, Vice President of Sales and Marketing stated that, “This new cycle of increases continues to be driven by staggering surges in raw material costs. Recent increase from our steel suppliers have escalated an average of 15% for carbon-based steel plate.” Mr. Boyd cited worldwide demand for premium steel scrap, alloy content and oil for the dramatic scale of material increases over the last 30-days.
Mr. Boyd also noted that, “The steel mills have advised that they are not accepting new customers and are not allocating additional volume to present customers. Although our suppliers continue to reliably serve our factories to date, we are concerned that the ever-increasing global demand for steel may begin to have an effect on deliveries.”
Orders placed for shipment prior to June 1, 2008, will be accepted at existing base-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.
