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For Immediate Release

  
 

Draka Announces Price Increase Resulting from Mounting Steel Costs

October 1,2008: Claremont, NC:   Draka Communications, a leader in fiber and fiber cable solutions, today notified its customer base about an upcoming price increase for fiber optic cables containing steel components, including armor.

Draka received notification by its supplier(s) of steel that significant price increases will take effect on October 1.  In turn, Draka provided customers a 30 day advance notification via letter that prices for armored fiber cable and other cables containing steel components will increase approximately five (5) percent on November 1.  All quotes as of October 1 will reflect this price increase.

Steel increases from supplier(s) exceed 45% in the past 10 months.  The increase in steel price is industry-wide and forecasted to continue into 2009.  Products impacted include fiber optic cables containing single and double armor, Figure 8 messenger cables, interlock armor, and cables containing a steel central strength member. Draka remains diligent and committed to cost reduction efforts.

About Draka® Communications
Draka, headquartered in Amsterdam, the Netherlands, is a $4 billion, publicly listed (Euronext) company with 9,145 employees worldwide.  Draka is divided into three groups: Energy & Infrastructure, Industry & Specialty and Communications.  Communications is responsible for the production and sale of optical fiber, cable and communication infrastructure solutions globally. Draka Communications – Americas’ roots in North America run a century deep in names like Alcatel, ITT, Ericsson, Chromatic Technologies, and Phelps Dodge. Our clients are served from Draka's unique site in Claremont, North Carolina which is home to the 125-acre corporate campus & Americas headquarters, over 1 million square feet of manufacturing space and the only integrated optical fiber and cable facility in North America.  For more information please visit http://www.drakaamericas.com.

Draka Communications - Americas Media Contact:
Kim Hudson, Marketing Communications Manager
Phone:      828.459.8443
Fax:          828.459.8444
Kim.Hudson@draka.com

 
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