March 13, 2018
FOR IMMEDIATE RELEASE
Manchester Tank Announces Price Increases on Steel Product Families
Franklin, TN — March 14, 2018 - This week Manchester Tank announced price increases on all its major steel-based product families, including DOT Steel Propane Cylinders, Steel Forklift Cylinders, Refrigerant Recovery Cylinders, Autogas Tanks, Air Receivers and Oil & Gas pressure vessels. Changes are effective with all new orders shipping on or after April 1, 2018, or as contracts allow.
“Over the past several months Manchester Tank has experienced a significant amount of volatility in raw material inputs such as steel, aluminum, copper and brass. We have also seen an increase in freight expenses from all of our major carriers,” said Brendan Dillmann, Sr. Vice President of Sales & Marketing for Manchester Tank. “We have worked hard to absorb as many of these increases as possible, but we have reached a point where we must adjust prices. We will continue to monitor the markets closely and adjust prices as needed as we get more clarity into the cost and availability of raw materials.”
About Manchester Tank & Equipment Co.
Manchester Tank & Equipment Co. ( www.manchestertank.com ), a division of McWane, Inc. of Birmingham, AL, is an original equipment manufacturer (OEM) and global distributor of low-pressure vessels, domestic and industrial cylinders, propane tanks, air receivers and fire suppressants. Its headquarters are located in Franklin, TN, with manufacturing facilities in Bedford, IN, Crossville, TN, Elkhart, IN, Quincy, IL, Echuca, Australia and two locations in Chile.