The Graphic Systems Division of Fujifilm North America will be increasing the prices of its offset printing plates. The company plans to increase the price of its offset printing plates from December 1, 2017, by up to eight percent, with the actual increase passed on to printers dependent on local market situations. The move comes a month after Kodak announced similar plate price increases.
The price increase is a result of raw material cost increases, explains Fujifilm, most significantly driven by substantial increases in the cost of raw aluminium, shifting costs of labour, among other related costs in plate manufacturing.
Fujifilm continues to explain efficiencies in manufacturing have also been negatively impacted by decreasing volumes in traditional plates due to changes in market demands.
“We have absorbed cost increases of raw materials, labour, and other production costs for the last 12 months to try and avoid passing on price increases to our customers,” said Todd Zimmerman, Division President, Fujifilm North America Corporation, Graphic Systems Division. “These price increases are a necessary step to maintain our production capabilities and continue to service our customers.”