Saturday October 22, 2005 
Saturday October 22, 2005
It appears iconic German consumer photography firm Agfa Photo will likely face liquidation at the end of the year, a victim of digital technology and missed opportunity. Agfa Photo has been operating under bankruptcy protection since May. The firm said it will end operations by the end of the year, after using up its warehoused materials. Its 1,700 workers will likely be out of a job.
Along with Leica and Rollei, Agfa was one of the legendary names in German photography. Founded in 1867, the company was at the forefront in developing color film in the 1920s. In 1959, it reached a photography milestone by introducing the first fully automatic camera onto the market. But like the other German legends, Agfa found it difficult to adjust to automatic focus cameras and then digital cameras that made their high-quality craftsmanship and high prices uncecessary.
(2005-10-22 19:39:30 SGT)
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