PPG Announces Price Increase for Packaging Coatings
April 25 2017 - 08:11AM
Business Wire
PPG (NYSE:PPG) today announced that it is implementing price
increases and surcharges to offset a significant rise in raw
material costs. The price changes will impact packaging coatings
products globally as contracts permit.
“The recent input cost increases are due to a number of factors,
such as multiple supplier capacity constraints globally,” said Ken
West, PPG vice president, packaging coatings. “We remain committed
to providing leading products and services that can support our
customers’ success and to working to control costs, where possible,
within our business.”
Details of the price increases will be communicated directly to
customers.
PPG: WE PROTECT AND BEAUTIFY THE WORLD™
At PPG (NYSE:PPG), we work every day to develop and deliver the
paints, coatings and materials that our customers have trusted for
more than 130 years. Through dedication and creativity, we solve
our customers’ biggest challenges, collaborating closely to find
the right path forward. With headquarters in Pittsburgh, we operate
and innovate in more than 70 countries and reported net sales of
$14.8 billion in 2016. We serve customers in construction, consumer
products, industrial and transportation markets and aftermarkets.
To learn more, visit www.ppg.com.
We protect and beautify the world is a trademark and the PPG
Logo is a registered trademark of PPG Industries Ohio, Inc.
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PPG Media Contact:Mark Silvey, +1-412-434-3046Corporate
Communicationssilvey@ppg.comwww.ppg.com
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