Posted on 6th Sep 2011 @ 9:15 AM

As you know, Lex adjusts prices for cable products periodically, based on movements in the copper commodity price. However general volatility continues in the marketplace as the global economy continues to recover and prices for key commodities and energy costs have risen over the last several months. As a result of these market conditions, Lex Products has received a range of price actions from suppliers of a wide range of components. Transportation, rubber, thermoplastics, packaging and energy costs have all increased, with some increases being percentages well into double digits. We now find ourselves in the position of having to pass on a portion of those increases.

Lex is a long time practitioner of LEAN manufacturing and continuous improvement tools. Significant efforts are in place to focus on initiatives to increase productivity and streamline the Lex supply chain. Effective October 1, 2011, a general price increase will be implemented for all product families