OFS responds to increasing energy and raw material costs

NORCROSS, GA — OFS today announced it will raise the price of its optical fiber cable products immediately by up to 10 percent depending on their exposure to rising materials, energy, and transportation costs.

OFS continues to experience dramatic price increases of raw materials used in the manufacture of fiber cable such as polymer resins, aramid yarn and steel.

“Materials and energy costs have increased over 15 percent year over year, while transportation costs are up 7 to 10 percent,” said Bill Kloss, Executive Vice President of Marketing and Sales, North America and CALA, at OFS. “These price increases are required to partially offset these unprecedented costs that we have absorbed over the last year.”

In addition to implementing energy conservation programs, lean manufacturing and process improvements, OFS continues to review alternative sourcing of raw materials and transportation to minimize the impact of these increases.

Source: OFS