On January 3, Draka Comteq (www.drakacomteq.us) announced a price increase for its fiber cables in North America. That announcement came about two weeks after Corning Cable Systems (www.corning.com.cablesystems) also announced price increases for some of its fiber-optic cabling products. You can read the news about Corning Cable Systems' price increase here.
Like Corning Cable Systems, Draka Comteq cited spiking raw-materials prices as a main reason for its increase. "Key raw materials used to manufacture these cables-including plastics, aramid yarns and steel-have seen unprecedented and continuing cost increases over the past months," Draka Comteq said. An updated price structure will go into effect the first quarter of this year.
"We remain focused on providing our customers the highest value fiber-cabling products and solutions," said Allen Griser, director of marketing at Draka Comteq. "The unavoidable increase in commodity material costs makes this price increase necessary. We continue to actively manage material costs and volatility to ensure a steady reliable supply of quality fiber cabling."