Consumables
PPG protective and marine coatings announces global price increases
Friday 25. February 2011 - PPG Industries (NYSE: PPG) protective and marine coatings (PMC) business announced today that it is raising prices globally, as permissible by contract.
“As economies recover from the global recession, prices for basic commodities such as copper are increasing at alarming rates,” said Thomas Mauck, PPG vice president, protective and marine coatings. “Also, prices for epoxy and other processed raw materials that PMC uses are rising to account for the high costs of basic commodities. Based on current information and conditions, we forecast these inflationary trends will continue during 2011.”
PPGs PMC business is a world leader in protective and marine coatings and is committed to supplying customers with quality coatings at the highest possible service level. Its products protect customers assets in some of the worlds most demanding conditions and environments, such as projects in the energy, infrastructure and marine segments. PPG PMC features AMERCOAT(R), SIGMA COATINGS(R) and other brand families.