Notice of Price Revision for "Plafleky" Flexible Conduit Material for Electric Cables
Furukawa Electric Co., Ltd. and Furukawa Elecom Co., Ltd. (Headquarters: Tokyo, President: Michio Suzuki), the Furukawa Electric Group, have decided to revise sales price of "Plafleky" flexible conduit material for electric cables.
It has been very difficult to sustain the profitability of synthetic resin "Plafleky" flexible conduit material for electric cables as it suffers from steep increases in pricing for the main raw material of polyethylene, secondary materials, packaging and shipping costs, electricity rates, and the like.
Furukawa Electric Group has made every effort to reduce costs for the affected products through a variety of measures, but it is difficult to absorb all of the cost increases solely through our own efforts, so Furukawa Electric concluded that there are no alternative but to revise sales prices in order to maintain the quality and stable supply of the products.
Products with price revision
- Applicable products: The price revision applies to Plafleky main units (CD pipes, PFS pipes, PFD pipes) and fittings
- Rate of increase: A maximum increase of 30% more than current pricing
- Effective Date: The new price will be effective from the shipments on December 1st,
About Furukawa Electric Group
Furukawa Electric (TSE; 5801, ISIN; JP3827200001) Group started business in 1884, when its copper-smelting facility and wire manufacturing factory was established. Since then Furukawa Electric has become pioneers in the latest technologies by addressing diverse technological issues. Furukawa Electric has released products in a number of areas, including telecommunications, electronics, automobiles, and construction, with the three types of materials it works with at their core, namely, optics, plastics, and metals. Many of these products have attained the top global market share, and all of its products have contributed to society in numerous business areas. Furukawa Electric reported consolidated revenues of JPY 931.8 billion (approximately USD 9.3B) for the fiscal year ended March 31, 2014.