PPG announces price increase on all fiber glass products in North America
PITTSBURGH, March 18, 2010 – PPG Industries’ (NYSE:PPG) fiber glass business announced today that it is raising prices on all fiber glass reinforcement and specialty yarn product lines in North America by up to 10 percent in U.S. currency per pound, effective April 1 or as permissible by contract.
“The demand for fiber glass is increasing,” said Kevin McDonald, PPG general manager, fiber glass. “In turn, we need to increase pricing to support our investment in capacity, which will be necessary to meet future demand.”
PPG’s price increase will affect all chopped fibers, direct rovings, multi-end rovings, mats and yarns. Sales representatives will communicate price-increase details to their customers for these products.
PPG Industries’ vision is to continue to be the world’s leading coatings and specialty products company. Founded in 1883, the company serves customers in industrial, transportation, consumer products, and construction markets and aftermarkets. With headquarters in Pittsburgh, PPG operates in more than 60 countries around the globe. Sales in 2009 were $12.2 billion. PPG shares are traded on the New York Stock Exchange (symbol: PPG). For more information, visit www.ppg.com.
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