06 June 2012
06 June 2012
PPG Industries’ fibre glass business is implementing a 5 percent price increase, as allowed by contract, across all products in the Americas and EMEA (Europe, Middle East and Africa).
“Costs for raw materials, petroleum-based binder ingredients, precious metals and transportation have continued to rise beyond what we can absorb,” said Kevin McDonald, PPG General Manager for fibre glass. “This price increase is necessary, not only to offset the impact of these rising costs and other inflation factors but also to make investments to ensure we have ample capacity to continue meeting customer demand.”
PPG explains the price increase will affect all fibre glass products, including chopped fibres, direct and multi-end rovings, mats and specialty yarns.
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