PPG announces price increase for industrial coatings in Asia/Pacific region

摘要

PPG Industries' industrial coatings business has announced recently it is raising prices by an average of 2 to 10 percent on all its liquid, powder and electrocoat (E-coat) products In the Asia/Pacific region, effective April 1 or as permissible by contract."We have experienced ongoing and significant cost escalation for a majority of our raw materials, especially titanium dioxide {TI02) and resins," said Willie Wu, PPG vicepresident, industrial coatings, Asia/Pacific. "We will continue to implement cost-control measures throughout our operations, and to aggressively negotiate pricing with suppliers, but the pressures we are facing make this action unavoidable."