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PPG Announces Price Increase on Multi-end Rovings - PPG Industries’ (NYSE: PPG) fiber glass business announced today that it is raising prices on all multi-end rovings by 5-10 cents per pound (US) effective Jan. 1, 2010, or as permissible by contract
PPG Announces Price Increase on Multi-end Rovings

 

PRZOOM - /newswire/ - Pittsburgh, PA, United States, 2009/12/02 - PPG Industries’ (NYSE: PPG) fiber glass business announced today that it is raising prices on all multi-end rovings by 5-10 cents per pound (US) effective Jan. 1, 2010, or as permissible by contract. NYSE: PPG

   
 
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“The recession caused price erosion and unsustainable profit levels,” said Kevin McDonald, PPG general manager, fiber glass. “As the economy recovers, an increase in pricing is necessary to cover increasing raw material costs and justify the reinvestment to increase capacity to match demand.”

PPG’s price increase will affect all multi-end rovings. Sales representatives will communicate price-increase details to their customers for these products.

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).

Contact Investors:
Vince Morales
PPG Investor Relations
P: 412-434-3740
E: vmorales[.]ppg.com.

 
 
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Agency / Source: PPG Industries, Inc.

 
 

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PPG Announces Price Increase on Multi-end Rovings

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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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