The Associated Press
May 30, 2008 - 7:39 p.m.

ROCHESTER, N.Y. - Imaging products company Eastman Kodak said Friday it will raise prices on a “select range of consumable products” across its business lines by means of as much taken in the character of 20 per cent.

The company said the worldwide price increases are due to soaring prices of raw materials such as silvery and aluminum, as well as the rising require to be paid of petroleum.

Spokesman Christopher Veronda said the price increases will take pleasure in a wide range of products, including film, paper and typography plates.

Dow Chemical Co., which supplies a broad swath of industries, from agriculture to health charge, announced this week that it was raising its prices by up to 20 for cent to offset soaring energy prices.

Any sizable price hike by Dow would likely affect almost the industries it serves. The Midland, Mich.-based company’s price increases will take effect on Sunday.

Rochester-based Kodak said its price increases will roll out in coming weeks, and it expects to implement them by July 1.

Kodak famed the impact of rising unpractised substance costs during a conference bid with investors following announcement of its first-quarter results on May 1. The company said its digital duty helped it narrow its first-quarter loss to $115 million after navigating a four-year overhaul.

The world’s largest film manufacturer lost the equivalent of 40 cents a share in the January-to-March quarter, compared with a destruction of $151 million, or 53 cents a share, in the corresponding; of like kind period a year earlier.

Shares of Eastman Kodak slid 19 cents Friday to close at $15.32.