Fujikura to Seek Higher Optical Fiber Export Price

Fujikura tries to increase the optical fiber export price. The firm seeks around 5% hike and some buyers already accepted the higher price. The firm tries to improve the profitability for offshore sales under tight supply in international market after decreasing in years. Fujikura’s offshore sales represent around 80% of the total optical fiber sales. The firm sees the supply is near short with strong demand. However, the offshore selling price didn’t reflect the strong demand after the plunge. The firm eyes additional hike to cover higher cost for materials and energy. Optical fiber demand decreased after bubble burst in 2001 and the price collapsed. The demand has recovered in recent 3 years and is expected to reach 80 million kilometers core in the year to March 2008. Japanese shipment hit record high in the year ended March 2008 topping former record in the year to March 2002.