PPG Price increase for industrial coatings

摘要

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."