PPG Announces Automotive and Industrial Coatings Price Increases in Asia
PITTSBURGH – PPG announced that it will implement customer-specific price increases and surcharges in Asia to offset a significant rise in raw material costs. The price changes will impact a select group of automotive OEM coatings and industrial coatings products, effective April 1 or as contracts permit.
“The coatings industry in Asia is currently experiencing a dramatic tightening of commodity supply, stemming from increased environmental regulations and controls, supplier capacity constraints, and regional availability of feedstocks,” said Tim Knavish, PPG Senior Vice President, Automotive OEM Coatings.