Kodak to Increase Prices for Consumer & Professional Photographic Papers and Processing Chemistry
Eastman Kodak Company announced today that it will increase prices on its range of consumer and professional silver halide-based photographic papers and processing chemistry on a worldwide basis.
Specifics will vary on a product-by-product and market-by-market basis with most prices increasing between 4% and 10%. Certain products and markets will see higher price increases.
Over the past several years, Kodak has been absorbing unrelenting increases in the costs of raw materials used to manufacture photographic paper and chemistry, including pulp, silver and petrochemicals. Other costs tied to the escalating price of energy - including transportation and packaging - also have increased. These pressures have reached the point where they can no longer be offset by Kodak's ongoing productivity programs.
Kodak remains committed to its retail, commercial and professional customers for paper and chemistry and anticipates ample inventory to meet demand.
In most countries, the price increase is effective with orders shipped on or after July 1.
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