PPG: price increase for industrial coatings

PPG Industries“ is raising prices by an average of 5-8% on all its coil and extrusion coating products in North America, with effect as of 1 September or as permissible by contract.
Raw material cos…

PPG Industries“ is raising prices by an average of 5-8% on all its coil and extrusion coating products in North America, with effect as of 1 September or as permissible by contract. Raw material costs have risen dramatically during the first two quarters of 2011, and they are continuing to trend upward, said Richard Zoulek, PPG general manager, industrial coatings, US and Canada. While PPG has implemented aggressive cost-control measures throughout its operations, these efforts have not sufficiently offset surging raw material costs, thus necessitating this price increase. Details of the price increase will be communicated by sales representatives to their customers for all products affected. Founded in 1883, PPG serves customers in industrial, transportation, consumer products, and construction markets and aftermarkets. With headquarters in Pittsburgh, PPG operates in more than 60 countries around the globe. Sales in 2010 were USD 13.4 billion.