Corning Cable Systems, part of Corning Inc.'s telecommunications segment, is announcing a price increase in select...
December 17, 2004
Corning Cable Systems, part of Corning Inc.’s telecommunications segment, is announcing a price increase in select non-contract and select list prices for products across its cable and hardware product portfolio.
The company said that commodity raw materials it uses to produce its products, such as plastics and metals, continue to increase in cost, and energy costs to produce these products are also rising.
These manufacturing cost increases have necessitated a price increase in select non-contract and select list prices throughout Corning Cable Systems’ fiber optic and copper product portfolio. The new pricing structure will take effect during the first quarter of 2005.
“With our manufacturing costs continuing to rise, we have been left with no choice but to selectively raise prices,” said Larry Aiello, president and CEO of Corning Cable Systems.