Worthington Industries forms cylinder joint venture in India
February 9, 2011 By LP Gas
Worthington is expanding its presence in the alternative fuels cylinder market.
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Worthington is expanding its presence in the alternative fuels cylinder market.
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As the cost of steel keeps going up, with propane-tank pricing bursting at the seams, marketers are facing a conundrum when trying to save money on LPG delivery by making fewer runs and installing larger vessels at accounts drawing heftier loads.
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With more than 35 years of industry experience, Worthington Cylinders continues to exceed industry standards and customer expectations with the products we manufacture, the services we provide and the people we employ. This commitment to excellence has made Worthington Cylinders the world’s leading manufacturer of pressure vessels.
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•DOT to renew 5% special permit through 2012, Barrett says•Worthington issues another price hike•DOT, NTTC want hazmat truck equipment mandate
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When the CLEAR Act passed the House and Senate late last summer, and was signed into law in August, many in the propane industry were thrilled with the possibilities. With tax credits now available for the implementation and use of alternative fuel in cleaner, more environmentally friendly vehicles, propane sales were sure to grow.
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It should come as no surprise to propane marketers that the cost of doing business keeps going up, up and up. Industry suppliers are facing similar increases on the raw materials coming into their factory doors, resulting in higher price tags on the products they sell.
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Customers routinely expect their propane tanks to have an attractive finish and be functionally up-to-date. Yet setting new tanks can be most unsettling as surging raw material costs amid a red-hot worldwide steel market are pumping up the prices you pay for storage vessels of all sizes.
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A dramatic shortage of overfill protection valves has propane retailers scrambling and backyard cooks fuming over empty, obsolete cylinders that should not be filled.
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