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 N America, with effect from 1 September, or as permissible by contract. "Raw material costs have risen dramatically during the first 2Q of 2011, and they are continuing to trend upward." said Richard Zoulek, PPG general manager, industrial coatings, US/Canada. "While PPG has implemented aggressive cost-control measures throughout its operations, these efforts have not sufficiently offset surging raw material costs, thus necessitating price increases." Details of the price increase will be communicated by sales reps to their customers for all products affected.