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.”