PPG Industries’ fiber glass business recently announced that it is raising prices effective May 1, or as permissible by contract, for products in the Americas. “Rising costs for energy, transportation, raw materials and precious metals create an economic hardship for our business and our industry that is affecting our ability to reinvest for the future,” said Greg Benckart, PPG general manager, fiber glass. “PPG has invested significant capital to support the industry, with furnace rebuilds in our wholly-owned assets as well as new capacity in Asia. While we want to continue to invest in technology and capacity, we find ourselves in a position where current economics will not justify these necessary investments.”
PPG’s price increases will affect all reinforcements for thermoset and thermoplastic resins, as well as yarn products. Sales representatives will communicate price increase details to their customers in these markets.
For more information, visit www.ppg.com