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PPG Industries’ fibre glass business will be raising prices on all multi-end rovings by 5-10 cents per pound (US) effective Jan. 1, 2010, or as permissible by contract.
“The recession caused price erosion and unsustainable profit levels,” said Kevin McDonald, PPG General Manager, Fiber Glass.
“As the economy recovers, an increase in pricing is necessary to cover increasing raw material costs and justify the reinvestment to increase capacity to match demand,” adds McDonald.
PPG’s price increase will affect all multi-end rovings. Sales representatives will communicate price-increase details to their customers for these products.
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