Hong Kong, December 2 – Kodak’s Graphic Communications Group (GCG) announced today that it will increase the price of prepress consumables for the Greater Asia Region (GAR) effective with the close of business on December 30, 2005. The price increase will be in the range of 5 to 10% depending on the detailed market and cost structure, which vary by regions and products. Affected products include conventional plates, digital plates, camera films and recording films.
“For months Kodak has been absorbing an unrelenting increase in the costs of raw materials and energy coupled with a steady rise in worldwide demand. In addition, the cost of our ancillary components (labor, packaging and transportation) is tied to the escalating costs of energy, affecting the Kodak products,” said Garron Helman, Managing Director, for Kodak GCG’s GAR. “Over the past two years, the price of aluminum has steadily increased. Furthermore, with the growing worldwide demand for aluminum, we expect this trend of rising cost to continue. Consequently, the combination of increased raw material costs, tightening aluminum supplies, and rising energy costs, has led us to the necessary step of raising our prices, and we believe our customers will understand.”
Kodak is committed to working with customers to help them grow their businesses. Kodak continues to work as a strategic partner for customers and provides innovative solutions that save time, increase efficiency, streamline workflow and help them master new digital technology that pave the way for continued success.
Details of the new pricing structures will be communicated locally in each country of GAR. For questions and inquires, please contact the local sales representative.
About Eastman Kodak Company
Kodak is the leader in helping people take, share, print, and view images – for memories, for information, for business, and for entertainment. With sales of $13.5 billion in 2004, the company is committed to a digitally oriented growth strategy focused on four businesses: Digital & Film Imaging Systems – providing consumers, professionals, and cinematographers with digital and traditional products and services; Health – supplying the medical and dental professions with traditional and digital imaging and information systems, IT solutions, and services; Graphic Communications – providing customers with a range of solutions for prepress, traditional and digital printing, document scanning, and multi-vendor IT services; and Display & Components – supplying original equipment manufacturers with imaging sensors, as well as intellectual property and materials for the organic light-emitting diode (OLED) and LCD display industries.
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