PPG to hike prices on its liquid, powder and electrocoat products in Asia Pacific
April 6, 2012
PPG Industries' industrial coatings business is raising prices by an average of two to 10 percent on all its liquid, powder and electrocoat (E-coat) products in the Asia Pacific region, effective April 1 or as permissible by contract. "We have experienced ongoing and significant cost escalation for a majority of our raw materials, especially titanium dioxide (TiO2) and resins," said Willie Wu, PPG vice president, industrial coatings, Asia Pacific. "We will continue to implement cost-control measures throughout our operations, and to aggressively negotiate pricing with suppliers, but the pressures we are facing make this action unavoidable."