04.20.06
Kodak Announces Film Price Hikes
Eastman Kodak announces film price hikes
APR. 17 10:24 A.M. ET
Eastman Kodak Co., the world’s largest maker of photographic film,
said Monday it is raising prices by as much as 17 percent on a
variety of its film products.
The company cited rising costs for raw materials such as silver and
petrochemicals. The company also attributed the price increases to
growing expenses for packaging and transportation, which are tied
to higher energy costs.
Price hikes for consumer and professional films will range from 3 percent
to 17 percent, and price increases for some motion picture films will
range from 3 percent to 5 percent, the company said.
Kodak also announced a double-digit price increase for prepress
consumables including printing plates and proofing equipment.
Some of the price increases will take effect May 1. The company said
it will vary the implementation of the remaining increases depending
on product and location.
The Associated Press
Uch…sad state of affairs.