Agfa Implements Silver Surcharge
Agfa Graphics on May 9, 2011, added a silver surcharge for all of its graphic film products. Agfa did not release exact-dollar details about the surcharge, instead stating it will vary as the cost of silver fluctuates.
“The price of silver continues to escalate to all-time high levels,” Peter Wilkens, President of Agfa Graphics. “Year-to-date, silver prices have increased almost 60 percent with no signs of stabilization. This follows an 80 percent increase in silver prices throughout 2010.
“Agfa can no longer absorb the ongoing increase in silver prices,” continued Wilkens. “Due to the rapid rate at which silver prices are escalating, it is impractical to offset these increases with a traditional price increase.”
Agfa states the silver surcharge will be discontinued when the price of silver returns to January 2011 levels.