PPG Increasing Prices on Industrial Coatings
Dec. 4, 2018—PPG said it will raise prices by 10 percent on all of its industrial coatings products effective Jan. 1, according to a report by the Pittsburgh Post-Gazette.
The company said it has faced higher costs for raw materials, transportation, energy and labor. In October, PPG cited those issues among the reasons it missed third-quarter earnings projections.
Earlier this year the company announced price increases of 8 percent to 10 percent on its packaging coatings and 10 percent on automotive coatings. PPG’s industrial coatings are used for appliances, consumer electronics, heavy equipment, auto parts, and other applications.