According to a press release, details 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.
Kodak said the company has been absorbing unrelenting increases in the costs of raw materials used to manufacture photographic paper and chemistry, including pulp, silver and petrochemicals plus other costs tied to the escalating price of energy – including transportation and packaging. ”These pressures have reached the point where they can no longer be offset by Kodak’s ongoing productivity programs,” the company pointed out.
Kodak added the it 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