PPG (NYSE:PPG) today announced that it will implement a price increase of up to 6 percent on all of its industrial coatings technologies in North America. The change is effective July 1, 2018, or as permissible by contract, and applies to all industrial coatings end-use segments.
Kevin Braun, PPG vice president, industrial coatings, Americas, said continued increasing cost pressures from raw materials and labor drove the need for further price adjustments.
“PPG continues to be aggressive in its efforts to control costs through enhanced operational efficiencies,” said Braun. “While these efforts have been successful in many regards, rising costs throughout the supply chain require that we modify our pricing at this time. These price increases ensure that we can continue to deliver the industry’s most innovative coatings solutions along with the value-adding support of our exceptional technical and service teams.”
PPG sales representatives will communicate price increase details to their customers for all affected products.