PPG Industries' industrial coatings business announced that it is raising prices by an average of five to eight percent on all its coil and extrusion coating products in North America, effective Sept. 1 or as permissible by contract.
"Raw material costs have risen dramatically during the first two quarters of 2011, and they are continuing to trend upward," said Richard Zoulek, PPG general manager, industrial coatings, U.S. and Canada. "While PPG has implemented aggressive cost-control measures throughout its operations, these efforts have not sufficiently offset surging raw material costs, thus necessitating this price increase."
Sales representatives will communicate price increase details to their customers for all products affected.
PPG increases coil and extrusion prices in North America