This price increase partially offsets rising raw material costs and operating costs and is necessary to support continued investment in silica production and research and development, according to Bill Fish, PPG commercial director, silica products.
“Unfortunately, our costs can no longer be offset solely by ongoing productivity improvements and cost-saving initiatives,” said 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.