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st July, or as contracts allow.
Announcing the hike on Tuesday (11
th May), Worthington said the increase will be made on the following:
Steel portable, forklift, specialty chemical and fire extinguisher cylinders will advance 15%.
Heating and system tanks, including 100-pound carbon steel tanks, will advance 15%.
Steel refillable and non-refillable cylinders for refrigerant, foam and adhesive products will advance 15%.
Aluminium portable and forklift cylinders will advance 5%.
Jimmy Bowes, General Manager of the Industrial Products Business for Worthington, said, “Raw materials and other market conditions continue to increase our manufacturing costs.”
“As always, we remain dedicated to meeting the needs of our customers during these challenging times.”
Worthington announces price hike on non-refillable steel cylinders gasworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gasworld.com Daily Mail and Mail on Sunday newspapers.
The Ohio-based company confirmed the news last week (12
th March), stating the changes will be effective on new orders shipped on or after 1
st May, or as contracts allow.
Detailing the changes, Worthington said prices on all heating and system tanks will advance 5-15%.
Further to that, prices on all steel portable, industrial cutting gas and all refrigerant refillable and recovery cylinders will advance 8%.
Commenting on the price hike, Jimmy Bowes, General Manager of the Industrial Products Business for Worthington Industries, said, “As raw materials and other market conditions continue to drive up our costs, we are forced to make adjustments.”
st Feb (2021), or as contracts allow.
According to a statement released yesterday (11
th Jan), prices on all fire extinguisher and suppression system cylinders, and specialty chemical cylinders will advance 15%.
Prices on all aluminium forklift cylinders and aluminium portable cylinders will advance 10%.
The company also said that prices on all steel heating and system tanks, including 100-, 200- and 420-pound tanks, all steel portable cylinders, steel forklift cylinders, steel industrial cutting gas cylinders, and all refrigerant refillable and recovery cylinders, sizes 30 to 1,000 pounds, will advance 8%.
“Steel prices and other operating expenses continue to rise, forcing us to make adjustments to offset these costs,” said Jimmy Bowes, General Manager of the Industrial Products Business for Worthington Industries.