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PPG Announces Global Chopped Strand Fiber Glass Price Increase - PPG Industries’ (NYSE: PPG) fiber glass business announced today that it is raising prices 5 to 7 percent effective Oct. 1, or as permissible by contract, for all thermoplastic chopped strand and thermoset dry chopped strand products
PPG Announces Global Chopped Strand Fiber Glass Price Increase

 

PRZOOM - /newswire/ - Pittsburgh, PA, United States, 2009/09/11 - PPG Industries’ (NYSE: PPG) fiber glass business announced today that it is raising prices 5 to 7 percent effective Oct. 1, or as permissible by contract, for all thermoplastic chopped strand and thermoset dry chopped strand products. NYSE: PPG

   
 
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“The increase in chopped strand pricing reflects the increasing costs of raw materials and historically weak pricing in the market,” said Kevin McDonald, PPG general manager, fiber glass. “As worldwide demand returns, price increases are needed to cover cost increases and enable reinvestment in furnace capacity.”

PPG’s price increases will affect all thermoplastic chopped strand and thermoset dry chopped strand products. Sales representatives will communicate price-increase details to their customers in these markets.

About PPG

Pittsburgh-based PPG (ppg.com) is a global supplier of paints, coatings, optical products, specialty materials, chemicals, glass and fiber glass. The company has more than 140 manufacturing facilities and equity affiliates and operates in more than 60 countries. Sales in 2008 were $15.8 billion. PPG shares are traded on the New York Stock Exchange (symbol: PPG).

 
 
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Agency / Source: PPG Industries, Inc.

 
 

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PPG Announces Global Chopped Strand Fiber Glass Price Increase

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PPG Newsroom |
Contact: Beth Klebacha 
412-820-8748 bklebacha[.]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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