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PPG Announces Industrial Coatings Price Hike

Monday, December 16, 2019

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Earlier this month, global coatings supplier PPG (Pittsburgh) announced that it plans to implement up to a 10% price increase on its industrial coatings products globally.

The increase is slated to go into effect on Jan. 1, 2020, or as permissible by contract, and will apply to all industrial coatings end-use segments.

© iStock.com / jfarleyphoto

Earlier this month, global coatings supplier PPG (Pittsburgh) announced via press release that it plans to implement up to a 10% price increase on its industrial coatings products globally.

“We have been diligent in using cost-control measures across our global supply chain to increase efficiency and offset costs,” said Chancey Hagerty, PPG Vice President, global industrial coatings. “Despite these efforts, we must modify our pricing to ensure that we can continue to deliver exceptional technical support and innovative solutions to our customers.”

Hagerty also noted that the price increases come as a method to recoup significant inflation from past years and will aid in continued increases among certain cost pools.

PPG sales representatives will communicate price increase details to customers for all affected products.

   

Tagged categories: Asia Pacific; Business management; Business matters; Business operations; Coatings; EMEA (Europe, Middle East and Africa); Industrial coatings; Latin America; North America; PPG; Program/Project Management; Protective Coatings; Z-Continents

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