Agfa to Levy Silver Surcharge on Film Products

RIDGEFIELD PARK, NJ—May 5, 2011—Agfa Graphics will be implementing a silver surcharge on graphic film products effective May 9, 2011.

“The price of silver continues to escalate to all-time high levels. 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,” said Peter Wilkens, president of Agfa Graphics. “Agfa can no longer absorb the ongoing increase in silver prices. Due to the rapid rate at which silver prices are escalating, it is impractical to offset these increases with a traditional price increase.”