JMB: I'm curious why you think there is room in the marketplace for another maker of paper as big as Ilford/Harman?
Consider that film sales are approximately 3% of the volume that was sold in 1999, who is going to buy all this paper made by alternative companies?
There is a reason that Forte paper no longer exists, Kodak no longer makes B&W paper, Fuji no longer makes either B&W or colour paper, and Ilford no longer makes graded paper. The demand simply isn't there to economically produce graded FB paper anymore at Tier 1 quality standards.
Their is only one quality player in the market because that's all the demand there is. Fracturing the market and creating duplication only makes each companies survival more perilous.
I looked up Harman (Ilford) last full financial statements. Their net profit was 2.5% of gross income. The shareholders could get a greater return on their investment to simply shut it down, liquidate the assets and park their money in bonds and have a secure return. Ilford is hardly "price gouging" with that narrow a return - and this was before the price of silver took off. I fully expect they will be losing money in the next financial statement.
Here is a sobering thought: based on how much silver Ilford buys, the silver price difference between 2024 and 2025 was greater than their net profit in 2024. So far, the silver price in 2026 is double the average price in 2025.
Craig: Sorry. Didn't see your note.
Q:
JMB: I'm curious why you think there is room in the marketplace for another maker of paper as big as Ilford/Harman?
A: I don't exactly understand the force of this question. Surely you don't mean that
Ilford is somehow
entitled to the
entire market share. This is
exactly the economic harm that anti-trust laws are designed to prevent. Ilford must compete. And its in our best interest in the long run to make it compete. Besides, are we not simply foolish to fail to purchase a superior product from a competitor at a much lower price because we for some strange reason wish to protect or apologize for Ilford? There are several competing paper and film providers right now. Slavich is one of them. Its been around for generations. Not sure really, but its probably even older than Ilford, It's a
very solid alternative to Ilford. We don't owe Ilford a living.
Q: Who is going to buy all this paper made by alternative companies?
A: Anyone who wants a superior product at a lower price. In any case, I cannot even get what I
want from Ilford
at any price.
Q:
There is a reason that Forte paper no longer exists and Kodak no longer makes B&W paper, Fuji no longer makes either B&W or colour paper, and Ilford no longer makes graded paper. The demand simply isn't there to economically produce graded FB paper anymore at Tier 1 quality standards.
A: No doubt there are reasons. But your analysis is
way too quick. In any case, I get "Tier I quality graded FB papers" (double weight) from Slavich.
Q:
(In essence) Ilford isn't price gouging because its profits are 2.5 % of its gross income according to financial statements of some sorts.
A: Well this claim requires access to data, which neither of us have in order to fully evaluate and an independent company audit and a full understanding of company structure and its relation to other entities. To be sure, the 2.5 figure tells me nothing
out of the above context. In any case, I see no reason to mince words. If you are more comfortable with excessive price, or just alarmingly uncompetitive with a marvelous alternative, I won't insist otherwise. But it does seem strange to me that you would so easily dismiss price gouging.
Q: Price of silver explains it all.
A: Hardly. Slavich uses silver, too.