PPG architectural coatings to raise prices

Citation

(2010), "PPG architectural coatings to raise prices", Pigment & Resin Technology, Vol. 39 No. 2. https://doi.org/10.1108/prt.2010.12939bab.012

PPG architectural coatings to raise prices

Article Type: Industry news From: Pigment & Resin Technology, Volume 39, Issue 2

PPG announced that its architectural coatings business unit will execute price increases across distribution channels in January 2010 in response to a resurging escalation of raw material costs. “After a brief period of stable costs we have returned to a climate of increasing costs on key raw materials in the fourth quarter of 2009; and the outlook for next year is for continued escalation,” said Scott Sinetar, Vice President, PPG Architectural Coatings. “We have been extremely aggressive in this slow economy in reducing controllable internal costs, but these measures cannot sufficiently offset this new wave of market driven inflationary pressures.”