PPG Industries’ industrial coatings business recently announced plans to raise prices by an average of 8 to 12 percent on all coil and extrusion coating products in North America, effective Oct. 1 or as permissible by contract.
“The rate of raw material price inflation has been dramatic and sustained over the past 12 months, especially for titanium dioxide (TiO2) and resins used in paint products,” said Richard Zoulek, PPG general manager, industrial coatings, U.S. and Canada. “PPG continues to implement aggressive cost-control measures throughout its operations, but these efforts alone cannot sufficiently offset the continued rapid rise in raw material costs, thus necessitating this price increase.”
Sales representatives will communicate price increase details to their customers for all products affected.
