Corning Cable Systems announces price increase
Jan. 5, 2004 - Increase will affect select products across its cable and hardware product portolio.
Corning Cable Systems has announced a price increase in select non-contract and select list prices for products across its cable and hardware product portfolio.
Commodity raw materials that Corning Cable Systems 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' optical fiber and copper product portfolio. The new pricing structure will take effect during the first quarter of this year.
"Our main objective has always been to provide our customers with the highest-quality products and services available, and we will continue to meet that commitment," says Larry Aiello, president and CEO of Corning Cable Systems. "However, with our manufacturing costs continuing to rise, we have been left with no choice but to selectively raise prices."
Corning Cable Systems LLC, a subsidiary of Corning Inc. based in Hickory, NC, is a manufacturer of optical fiber and copper communications network infrastructure solutions. For more information visit www.corning.com.