homenewsreviewscompare pricestalk

Kodak warns of price hikes

20% rises worldwide

NEWS: 3 June 2008 10:54 GMT by Katie Scott

Kodak is warning of massive price hikes worldwide.

In a statement published on its website, Eastman Kodak explains: "The increases are a result of the soaring prices of key raw materials, especially silver and aluminium, as well as the rising cost of petroleum."

The increases, which could be as much as 20% dependent on geography, will take effect from 01 July.

In a follow-up interview in The Guardian, Kodak chief executive Antonio Perez said that the price of aluminium and silver has risen by "75%" in the past year and the cost of oil "doubled".

Perez also said in the article that these raw materials price rses would affect the whole photography industry and so he expected other companies to announce price hikes too.

But Kodak UK has hit out at the story saying that The Guardian is wrong to suggest that consumer photo goos including cameras and printers wll be affected.

Patrick Hamilton, Kodak's European PR director for consumer digital products told weekly mag Amateur Photographer: "The Guardian got it slightly wrong," stating that the price rises "will only affect photographic paper and chemistry".

>> Via - Amateur Photographer


disable ad
disable ad
Have Your Say
(Email address will not be published)


Kodak warns of price hikes Image
Zoom/See more images

Tags


Latest in CompactCameras

NEWS 13,000 Vivitar cameras up for grabs
NEWS Panasonic releases viral golfing game
NEWS LG-KC780 8-megapixel cameraphone launches
NEWS BenQ launches DC C1060 compact camera
NEWS Samsung giving away 2 for 1 cinema passes with NV cameras

Latest on Photographypress.co.uk

NEWS HP introduces new range of all-in-ones
NEWS 13,000 Vivitar cameras up for grabs
NEWS Panasonic releases viral golfing game
NEWS Akvis Sketch v.8.0 released
NEWS Bowens launches second generation Travelpak






Came straight to this page? Visit Photographypress.co.uk for all the latest news and reviews.


Broadband?

Compare 50+ deals available to you

Powered by Top 10 Broadband

Who's online

63 guests...

Newest reader

fleetpond

Photographypress.co.uk poll

Q. Do you print out your photographs?

Vote YES?
Vote NO?

LAST TIME
When asked Is 7 megapixels enough for a compact camera? 25% said yes and 75% said no


disable ad

 

Also available on

news now logo google news logo news yahoo logo

All external sites will open in a new browser. Photographypress.co.uk does not endorse external sites. Copyright 2003 - 2008 Pocket-Lint Ltd.

Pocket-lint sites: www.pocket-lint.co.uk | www.photographypress.co.uk | www.gamesdog.co.uk | www.megawhat.tv
disable ad