TW Cylinders LLC, a division of Taylor-Wharton International LLC, yesterday announced price increases effective as of 4th August 2008 covering all acetylene and high pressure cylinder product lines.
The price schedules will reflect base price increases from 4% to 23%, contingent upon the applicable steel, acetone and component part content of each product.
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 1st May.”
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