Taylor-Wharton’s CryoScience Business Unit Announces Price Increase

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Taylor-Wharton’s CryoScience Business Unit today announced a price increase for its LABS series of stainless steel freezers and aluminum dewars. The price increase becomes effective December 15, 2012, and is the first price increase for the CryoScience line of products since June of 2011.

Taylor-Wharton will aggressively continue to improve our cost reduction programs, operation efficiencies, productivity and innovation in order to meet the demands and requirements of our customers and provide them with the best possible product value.

Taylor-Wharton’s CryoScience Business Unit today announced a price increase for its LABS series of stainless steel freezers and aluminum dewars. The price increase becomes effective December 15, 2012, and is the first price increase for the CryoScience line of products since June of 2011.

Prices will increase by 5% for LABS and up to 3% for aluminums, depending on the product model. The price increases are necessary because of rising costs of raw material, components, energy, freight, labor and benefit costs. Surcharge schedules, as in the past, will be published monthly as necessitated by Taylor-Wharton’s steel suppliers.

Pricing for the K-series vessels will be reviewed when the new models are introduced in 2013.

“Taylor-Wharton will aggressively continue to improve our cost reduction programs, operation efficiencies, productivity and innovation in order to meet the demands and requirements of our customers and provide them with the best possible product value,” said Andy Pazahanick, Vice President & General Manager, CryoScience Business Unit.

About Taylor-Wharton Cryogenics, LLC

Taylor-Wharton produces a comprehensive range of bulk and portable cryogenic storage units. The company’s manufacturing facilities in the United States, Malaysia, China and the Slovak Republic are strategically positioned to support the world’s major industrial gas markets. The extensive Taylor-Wharton engineered product menu includes cryogenic liquid storage equipment for industrial gases, biological specimen cryogenic storage, and LNG (liquefied natural gas) fueling station storage vessels and vehicle fuel cylinders. Founded in 1742, Taylor-Wharton is the oldest metal-working company in continuous operation in the United States. More information is available at http://www.taylorwharton.com.

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Andrew W. Pazahanick, Vice President & General Manager
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