PITTSBURGH – PPG Industries’ industrial coatings business has raised prices an average of 2% to 10% on all its liquid, powder and electrocoat (E-coat) products in the Asia/Pacific region. The pricing change went into effect April 1, or when permissible by contract.
"We have experienced ongoing and significant cost escalation for a majority of our raw materials, especially titanium dioxide (TiO2) and resins,” Willie Wu, PPG vice president, industrial coatings, Asia/Pacific, said in a statement. “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.”
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