Andrew To Apply Surcharge To Cable Products As Commodity Costs Continue At All-Time Highs.WESTCHESTER Westchester is the name of some places in the United States of America:
A surcharge is an added liability imposed on something that is already due, such as a tax on tax. It also refers to the penalty a court can impose on a fiduciary for breaching a duty. 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 In a graphical environment, to hide an application that is currently displayed on screen. For example, in Windows and Mac, the application's window is removed from the screen and represented by an icon on the Windows Taskbar. In the Mac, the icon is placed in the Dock. See Win Minimize windows. 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 NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :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. |
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