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PPG Architectural Coatings to Increase Prices in Face of Rising Raw Material and Energy Costs

Published on 2008-04-28. Author : SpecialChem

PITTSBURGH -- PPG Industries, Inc. has announced that rising raw material and energy costs have made it necessary for the company to execute price increases in its Architectural Coatings Business Unit. The increases are to be implemented throughout the second quarter of 2008.

"Despite our continued productivity gains to offset inflation, we find it necessary to raise prices across our channels of distribution," said Scott Sinetar, Vice President, PPG Architectural Coatings. The company cited raw material inflation in resins, solvents, pigments and fuel-related distribution costs as primary drivers of the increase.

PPG Architectural Coatings, supplies architectural paint and coatings for residential, commercial and industrial uses through home centers, company-owned paint stores and independent dealers nationwide. Its brands include Pittsburgh Paints, Porter Paints, Olympic Paints and Stains, and PPG.

About PPG:

Pittsburgh-based PPG is a global supplier of paints, coatings, chemicals, optical products, specialty materials, glass and fiber glass. The company has more than 150 manufacturing facilities and equity affiliates and operates in more than 60 countries. PPG's sales in 2007 were $11.2 billion. SigmaKalon, a worldwide coatings producer based in Uithoorn, Netherlands, that PPG acquired Jan. 2, 2008, had 2007 sales of $2.9 billion. PPG shares are traded on the New York Stock Exchange.

Source: PPG Industries


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