PPG Announces Global Price Increase

PPG Announces Global Price Increases for Industrial Coatings Products PPG announced it will implement price increases of up to 10% on industrial coatings products worldwide. The changes will take effect on 1 January 2020 or as permitted by contract terms and will apply to all end-use segments of industrial coatings. Chancey Hagerty, Vice President, PPG Global Industrial Coatings, pointed to key factors driving the increase, including the need to offset significant inflation over the past several years and continued increases across certain cost pools. Hagerty stated: "We have worked diligently to employ cost control measures across our global supply chain to improve efficiency and offset costs. Despite these efforts, we must adjust our pricing to continue delivering exceptional technical support and innovative solutions to our customers." PPG sales representatives will communicate price increase details for all affected products to customers.