TW Cylinders Announces Price Increases Effective August 4th for Acetylene and High Pressure Cylinders
Continued Steel Increases Cited
Mechanicsburg, PA – (July 22, 2008): TW Cylinders LLC, a division of Taylor-Wharton International LLC today announced price increases, effective August 4, 2008 covering all acetylene and high pressure cylinder product lines. The August 4th price schedules will reflect base price increases from 4% to 23% contingent upon the applicable steel, acetone and component part content of each product. There are no increases to surcharges or accessories at present.
Scott W. Boyd, Vice President of Sales and Marketing stated that, “Increases from our steel suppliers continue to compound the raw material component of our cost structure each month. The persistent price escalation for alloy steels has again exceeded our ability to absorb the increases. Base tonnage prices for steel have increased 15%-27% since May 1st.” Mr. Boyd also noted that, “Acetone and component part price increases have reflected similar escalation trends since the beginning of the year and increases for oil and energy commodities continue to burden the daily manufacturing costs at our factories.”
All new orders placed on or after August 4, 2008 will be subject to the new price schedules. Existing customer agreements will be adjusted as permitted by contract terms.
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.
