Kodak to Increase Prices for Flexo Plates
ROCHESTER, N.Y.—Over the past year, the cost of manufacturing flexographic printing plates has risen dramatically due to rising energy and raw material costs. In an effort to protect customers from these increases, Kodak has implemented a number of manufacturing efficiencies and, up to this point, has absorbed these additional costs. However, with costs continuing to climb, Kodak has announced that it will implement a global price increase of up to 7 percent on all flexographic plates as of July 15, 2011 in all regions of the world. The exact amount of the increase seen by each customer and implemented in each region will be based on local market conditions.