Kodak and Fuji have both announced that the prices of film and paper are set to rise by as much as 20% quoting high fuel prices and higher costs of raw materials (silver and aluminium) for the July increases. One wonders how this will affect the demand for film in a world of ever increasing digital camera sales and closing photo labs. Extracts of the official press releases can be found below with full ariticles available by following these links. ( Fuji – Kodak )
FUJIFILM UK Ltd. (Managing Director Hiroshi Saigusa) has announced that it is to increase prices on its range of photographic papers and films in the United Kingdom. The price changes are being implemented on a worldwide basis.
Prices will be increased from July 2008 and will range between 10% and 20% depending on the product group.
To sustain its photo imaging business, FUJIFILM has been undertaking intensive structural reforms to reduce fixed costs and improve productivity, and has been absorbing the increasing costs of raw materials used to manufacture films and papers over the past few years. However, the recent soaring costs of such materials as silver and crude oil mean that FUJIFILM is no longer able to absorb these costs during the production process.
ROCHESTER, N.Y. , May 30 — Eastman Kodak Company today announced that it will increase prices on a select range of consumable products across its businesses on a worldwide basis.
Prices will increase as much as 20%, depending on product line and geography. The increases are a result of the soaring prices of key raw materials, especially silver and aluminum, as well as the rising cost of petroleum.