PPG announced that it will implement up to a 10% price increase on its industrial coatings products globally.
The change will be effective Jan. 1, 2020, or as permissible by contract, and will apply to all industrial coatings end-use segments.
Chancey Hagerty, PPG VP, global industrial coatings, cited key drivers for the increase, including the need to recoup significant inflation from the past few years and continuing increases among certain cost pools.
“We have been diligent in using cost-control measures across our global supply chain to increase efficiency and offset costs,” said Hagerty. “Despite these efforts, we must modify our pricing to ensure that we can continue to deliver exceptional technical support and innovative solutions to our customers.”
PPG sales representatives will communicate price increase details to customers for all affected products.
Find quality coating raw materials on OKCHEM (click to inquire)
Related news in coating industry:
Cambrian Solutions to Distribute Evonik’s
Crosslinkers in Canada
PPG Using TiO2 Pigment from Lomon
Billions’ New Chloride Production Line
TiO2 December outlook bearish as Chinese demand shrivels up
Evonik Launches Eco-friendly Silicone
Resin for Waterborne Coatings
Axalta releases "global automotive
colour popularity report"
Waterborne coatings: A steady growing
Brenntag Opens Coatings and Construction
Center in Pennsylvania
Evonik invests in organic dispersions for
heat sealing applications