Andrew Corporation, a global leader in communications systems and
products, will apply a surcharge to sales of its market-leading wireless
cable products, effective April 3.
The surcharge will partially offset the continued rise in costs of raw
materials, especially copper, used in manufacturing and is consistent
with industry reaction to this issue. The surcharge will be assessed on
Andrew's HELIAX(R) and RADIAX(R) products.
"As prices for copper, oil, and other commodities have significantly
increased during the past two years, Andrew has undertaken aggressive
actions such as process improvements and forward purchasing programs to
minimize the cost impact on our customers," said John DeSana, group
president, Antenna and Cable Products, Andrew Corporation. "At this
time, the surcharge will help us partially recover these higher material
costs, while ensuring our continued commitment to cost-effectively
providing the world's highest quality and performance in cable products."
Additional detail on the cable surcharge is available from Andrew's
sales representatives, distributors, and www.andrew.com/search/docviewer.aspx?docid=7488.
About Andrew Corporation
Andrew Corporation (NASDAQ:ANDW) designs, manufactures, and delivers
innovative and essential equipment and solutions for the global
communications infrastructure market. The company serves operators and
equipment manufacturers from facilities in 35 countries. Andrew (www.andrew.com),
headquartered in Westchester, IL, is an S&P 500 company founded in 1937.
HELIAX and RADIAX are registered trademarks of Andrew Corporation.
Forward Looking Statements
Some of the statements in this news release are forward looking
statements and we caution our stockholders and others that these
statements involve certain risks and uncertainties. Factors that may
cause actual results to differ from expected results include
fluctuations in commodity costs, the company's ability to integrate
acquisitions and to realize the anticipated synergies and cost savings,
the effects of competitive products and pricing, economic and political
conditions that may impact customers' ability to fund purchases of our
products and services, the company's ability to achieve the cost savings
anticipated from cost reduction programs, fluctuations in foreign
currency exchange rates, the timing of cash payments and receipts, end
use demands for wireless communication services, the loss of one or more
significant customers, and other business factors. Investors should also
review other risks and uncertainties discussed in company documents
filed with the Securities and Exchange Commission.