Advertisements

PPG Announces Global Price Increase on Industrial Coatings Products

PPG (NYSE:PPG) today announced that it will implement a 10 percent price increase on all of its industrial coatings products globally. The change will be effective Jan. 1, 2019, or as permissible by contract, and will apply to all industrial coatings end-use segments.

Tim Knavish, PPG senior vice president, industrial coatings, cited unprecedented cost pressures in raw materials, freight, energy and labor for the resulting price increase.

“We continue to be diligent in offsetting costs and exercising cost-control measures across our supply chain to increase efficiency,” said Knavish. “Despite these efforts, we must modify our pricing to ensure that we can continue to deliver exceptional technical support and solutions to our customers.”

PPG sales representatives will communicate price increase details to customers for all affected products.

Please follow us on LinkedIn and Twitter and subscribe to our website and receive notifications of new posts by email.

Advertisements

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

SUBSCRIBE TO OUR NEWSLETTER

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Paints and Coatings Expert will use the information you provide on this form to be in touch with you and to provide updates and marketing.
%d bloggers like this: