PPG to Raise Prices for Industrial Coatings in Asia-Pacific
PITTSBURGH – PPG Industries’ industrial coatings business has announced it is raising prices by an average of 2 to 10 percent on all its liquid, powder and electrocoat (E-coat) products in the Asia/Pacific region, effective April 1 or as permissible by contract.
"We have experienced ongoing and significant cost escalation for a majority of our raw materials, especially titanium dioxide and resins,” said Willie Wu, PPG Vice President, Industrial Coatings, Asia/Pacific. “We will continue to implement cost-control measures throughout our operations, and to aggressively negotiate pricing with suppliers, but the pressures we are facing make this action unavoidable.”
Sales representatives will communicate price increase details to their customers for all products affected.