Eastman Kodak raises prices of their film products

Eastman Kodak Co. has said in a statement that they are going to raise the prices of their film-based products in the coming days. The prices of its consumer, professional and movie films would be increased as the company is facing increasing costs of raw material for these products.

Kodak said in a statement that the price increase for consumer and professional films would range from 3 percent to 17 percent. However, the price increase on selected motion picture films will range from 3 percent to 5 percent.

Eastman Kodak said in a statement: “Over the past year, Kodak has been absorbing unrelenting increases in the costs of raw materials used to manufacture film, including silver and petrochemicals. These pressures have reached a point where they can no longer be offset by Kodak’s ongoing productivity programs.”