Tuesday, July 20, 2004 - Florham Park, NJ July 19, 2004 -- Troy Corporation announces a price increase effective September 1, 2004, or as contracts allow, for all Polyphase® products by 5%.
Suppliers of iodine, a key raw material, have increased prices over the past six months because of greater global demand, higher production costs, and tight supply. This increase is needed to offset the continued rise in the cost of raw materials, energy, labor, packaging, transportation, and regulatory compliance.
Troy Corporation makes every effort to provide a long-term commitment to the market through on-going investment aimed at reducing costs and increasing service. Troy continually works to provide customers with added value by providing the most competitive solutions in the industry.