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Access "Tape price hikes looming"

Alex Barrett, Trends Editor Published: 19 Oct 2012

This article first appeared in "Storage" magazine in their December issue. For more articles of this type, please visit www.storagemagazine.com. What you will learn from this tip: How much you'll pay for tape this year -- and why it's probably still worth it. In the coming months, expect to pay more for tape cartridges. As soon as this month, tape media manufacturers are expected to increase prices on midrange tape media (DLT, SDLT, LTO and DDS) by approximately 5% to 10%. Maxell was the first to announce price increases. Since then, Fujifilm, Imation and TDK have reportedly informed their customers that they will follow suit. Those price increases should make their way to consumers quickly, says Rich Gadomski, Fujifilm vice president of marketing for the Recording Media Division. "It's a good time to spend your budgets," Gadomski says. "By December 31st," he adds. Nor are prices likely to fall any time soon. One of the reasons cited by tape manufacturers for increased media prices is the rising cost of petrochemicals. "In the past, oil used to spike to $28 ... Access >>>

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