PPG Announces Price Increase for Precipitated Silica Products
Dec.19, 2017—PPG has announced that an up to six percent price raise will be placed on sodium silicate and all precipitated silica grades globally.
"PPG precipitated silica products are used as high-performance flatting agents, thickeners and anti-corrosion pigments to improve the performance, workability and sustainability of coatings, paints, inks, adhesives and sealants," PPG stated on its website.
The prices increase will be effective Jan. 1, 2018, or as contracts allow (applies to all end-use segments).
The price increase is said to partially offset raw material and operating costs and is necessary to support a continued investment in silica production and research and development says Bill Fish, PPG commercial director, silica products.
“Unfortunately, our costs can no longer be offset solely by ongoing productivity improvements and cost-saving initiatives,” says Fish. “The silica segments are forecasted to have healthy growth for the foreseeable future. This price increase enables us to further invest in our operations to meet increasing customer demand while continuing to be an industry leader in silica product innovation.”
Account representatives will communicate price increase details to customers.