Color paper price rises

Color paper price rises

JAKARTA (JP): PT Modern Photo, a public photographic firm,
said here yesterday that color paper price will increase
worldwide next year.

Spokesperson for the company, Fennie Samudra, told The Jakarta
Post here yesterday that due to massive rises in raw material
costs, including the cost increase in the past two years of over
50 percent in the wood pulp and over 25 percent in silver, color
paper price will rise by three to seven percent.

Modern Photo is Indonesia's sole distributor of Japan-based
Fuji Film Photo Company's products, ranging for consumer
photographic to professional, industrial and other magnetic
products.

"At Modern Photo, we have continually tried to ensure that
prices of color paper are not subject to significant price
variations. However, it's now becoming evident that a rice
increase will be unavoidaable due to the costlier raw materials,"
she said.

She added that price rises will also occur in other countries
as the American Eastman Kodak Company, has also announced a price
increase for its products effective in January 1995.(icn)