Tuesday, May 31, 2005 - Troy Corporation announces a price increase on its full line of Troykyd® Defoamers. This price increase reflects the continued escalation of costs for petroleum and other raw materials, energy, logistics, transportation, and packaging. Effective July 1, 2005 and as allowed by contract, the price for the Troykyd Defoamers will increase 5 to 20%.
About Troy Corporation
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. The company continually works to provide customers with added value through innovative products and creative solutions. Although this price adjustment covers only a portion of the increases the company has already absorbed (additional increases are anticipated), it will help the company provide the support and innovation its customers expect - particularly in the biocides business, which is already plagued by escalating regulatory costs and lower overall margins.
Founded in 1950, Troy Corporation is a manufacturer of performance materials including industrial preservatives and additives. The corporation headquarters is in Florham Park, NJ, with principal subsidiaries located in Canada, Latin America, Europe, and Asia.