Announcing the hike on Tuesday (11th 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.”