PPG (NYSE:PPG) today announced that it is implementing a global price increase of 8 to 10 percent on all packaging coatings technologies. The change is effective Oct. 1, 2018, or as permissible by contract, and applies to all packaging coatings products globally.
Continued cost pressures from raw materials, freight, distribution and labor in every region necessitated the price adjustments.
“While PPG remains aggressive in its efforts to control expenses, this price increase is vital to sustaining our commitment to innovation and developing next-generation coatings for the benefit of our customers and their end-users,” said Amy Ericson, PPG senior vice president, packaging coatings.
PPG sales representatives will communicate additional price increase details to their customers.