Throughout the year, Prysmian has attempted to adjust cable pricing in line with the cost of raw
materials (predominantly copper), logistics and labour. Whilst these adjustments have been somewhat
successful in recouping manufacturing costs, Prysmian has absorbed part of the impact that these
factors have had in order to keep our customers competitive in a demanding market.
Unfortunately, the disparity that exists between the copper adjusted price and the actual
market price achieved cannot be sustained and we wish to advise that it has again become necessary
to adjust cable pricing. Adjustments will be implemented via a review of any discounts from your
current price file and will take effect Tuesday 1 December, 2009. It is anticipated that this
discount correction will increase price levels in the vicinity of 4% for building wire products
including flats and 6% for all other low voltage construction cable products such as orange
circulars and XLPE’s. Please note that any orders requested for delivery in December will be
charged at the December pricing rates and that Prysmian reserves the right to apply the December
pricing to any backorders.
In addition, a cable price adjustment will take effect on Monday 4 January, 2010. Depending
on any further movement in raw materials costs, the combined effect of the discount correction and
cable price adjustment is likely to be a total increase in the vicinity of approximately 8%. Price
files for the cable price adjustment will be distributed by Friday 18 December, 2009.
We thank you for your continued support.
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