FOR IMMEDIATE RELEASE
Manchester Tank Announces Price Increases up to 8% on Steel Product Families
Franklin, TN —November 13, 2020. This week Manchester Tank announced price increases up to 8% on all its major coil steel-based product families, including DOT Steel Propane Cylinders, Steel Forklift Cylinders and Air Receiver vessels. Changes are effective with all new orders shipping on or after December 15th, or as contracts allow.
“Over the past several months Manchester Tank has experienced significant cost increases in cylinders and tanks containing hot rolled coil steel and brass components. We have also experienced increases in operating expenses associated with servicing our customers at a high level during the COVID-19 pandemic,” 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 clarity into the cost and availability of raw materials.”
About Manchester Tank
Manchester Tank & Equipment Co. has been a trusted industry leader in the design and manufacture of steel and aluminum low-pressure DOT cylinders and ASME pressure vessels for the storage and transport of propane, chemicals, compressed air and other industrial applications since 1946. Today, our company remains dedicated to its long tradition of excellence and is committed to our vision of finding a better way. We do this by bringing value to our customers every day, seeking continuous improvement in everything we do, and being the best company to work for.
About McWane Inc.
McWane, Inc. is a family-owned business based in Birmingham, Alabama, with companies across the U.S. and around the world. The McWane family of companies casts ductile iron products, including pipe, valves, hydrants, fittings and plumbing products, and manufactures fire extinguishers, fire suppression systems and steel pressure vessels. McWane is a leader in delivering clean, safe drinking water while focusing on safe, environmentally friendly manufacturing processes. With more than 7,000 team members, McWane has a longstanding commitment of supporting the communities where our team members live and work. For more information, visit mcwane.com.