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Author Topic: Kodak to up cost of film stock Ron Keillor Expert Film Handler Posts: 166 From: Vancouver, B.C. Canada Registered: Jul 2003 posted 04-19-2006 03:18 AM                     http://news.moneycentral.msn.com/printarticle.asp?Feed=AP&Date=20060417&ID=5645894 April 17, 2006 10:24 AM ET Eastman Kodak Announces Film Price Hikes All Associated Press News ROCHESTER, N.Y. (AP) - 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.  |  IP: Logged Mike Blakesley Film God Posts: 12767 From: Forsyth, Montana Registered: Jun 99 posted 04-19-2006 12:30 PM                        Why is this newsworthy? Prices on everything are going up. Although it might be handy to print-out and keep on hand for the next time we raise ticket prices. "Sure, we raised our price by a quarter, but film is now 5% more expensive, so you're actually getting (in our case) a 6¢ bargain!"  |  IP: Logged Leo Enticknap Film God Posts: 7474 From: Loma Linda, CA Registered: Jul 2000 posted 04-19-2006 05:32 PM                        A sudden 17% price hike in any commodity is newsworthy, and even 5% is well above inflation. I guess that oil price rises probably explain most of it - after all, in the case of film, both the raw materials and the energy needed to turn them into the finished product derive mainly from oil. But I suppose the underlying story is unspoken speculation as to whether the move to digital imaging is starting to push economies of scale in the wrong direction where the manufactuer of film-based technologies is concerned, and that this trend could be contributing to the headline price increase.  |  IP: Logged Richard Fowler Film God Posts: 2392 From: Ft. Lauderdale, FL, USA Registered: Jun 2001 posted 04-19-2006 07:15 PM                     Kodak is also a major purchaser of silver which has gone up considerably in the last year. There have been new EPA and other government guidelines that are going into effect which are boosting prices. A friend who is a manufacturer is seeing a 400% increase on common basic components due to EPA restrictions.  |  IP: Logged Mark Gulbrandsen Resident Trollmaster Posts: 16657 From: Music City Registered: Jun 99 posted 04-19-2006 07:48 PM                     Yaall go price a 500 foot roll of THHN #12 stranded wire and compare those prices to 2 years ago. Makes Digital B Chain alot more friendly looking all the time! Mark  |  IP: Logged John Pytlak Film God Posts: 9987 From: Rochester, NY 14650-1922 Registered: Jan 2000 posted 04-20-2006 03:16 PM                        It's the first general price increase for Kodak motion picture film in quite a few years, so film has actually gone down in inflation-adjusted price over the last decade or so. Price increases for selected motion picture films will range from 3% to 5%. Over the past year, Kodak has been absorbing unrelenting increases in the costs of raw materials used to manufacture film, including silver (Almost doubled in price this past year!) and petrochemicals (used for making plastic film base). Other costs tied to the escalating price of energy -- including transportation and packaging-- also have increased. These pressures have reached a point where they can no longer be offset by Kodak's ongoing productivity programs.  |  IP: Logged

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