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PPG Announces Price Increase for Industrial Coatings in Asia/Pacific Region - Liquid, powder, e-coat product prices to increase April 1 or as permissible by contract (NYSE: PPG) - PPGIndustrialCoatings.com
PPG Announces Price Increase for Industrial Coatings in Asia/Pacific Region

 

PRZOOM - /newswire/ - Pittsburgh, PA, United States, 2012/04/05 - Liquid, powder, e-coat product prices to increase April 1 or as permissible by contract (NYSE: PPG) - PPGIndustrialCoatings.com. NYSE: PPG

   
 
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PPG Industries’ industrial coatings business has announced today 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 (TiO2) and resins,” said Willie Wu, PPG vice president, 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.”

Sales representatives will communicate price increase details to their customers for all products affected.

PPG: BRINGING INNOVATION TO THE SURFACE™

PPG Industries' vision is to continue to be the world’s leading coatings and specialty products company. Through leadership in innovation, sustainability and color, PPG helps customers in industrial, transportation, consumer products, and construction markets and aftermarkets to enhance more surfaces in more ways than does any other company. Founded in 1883, PPG (ppg.com) has global headquarters in Pittsburgh and operates in more than 60 countries around the world. Sales in 2011 were $14.9 billion. PPG shares are traded on the New York Stock Exchange (symbol: PPG).

Bringing innovation to the surface is a trademark of PPG Industries Ohio, Inc.

 
 
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Agency / Source: PPG Industries, Inc.

 
 

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PPG Announces Price Increase for Industrial Coatings in Asia/Pacific Region

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PPG Industries, Inc. | PPG Industrial Coatings
Contact: Sharon Bird - PPG Industrial Coatings 
724-274-3845 sbird[.]ppg.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any PPG Industries, Inc. securities in any jurisdiction including any other companies listed or named in this release.

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