PPG announces price increase on all fiber glass products in North America
PITTSBURGH, Oct. 20, 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 15 percent per pound, effective November 1 or as permissible by contract.
“The demand for fiber glass remains strong as the economy continues to recover,” said Kevin McDonald, PPG general manager, fiber glass. “We see growth in energy, automotive and power generation, and the price increases will help us to invest in our capacity to support this growth.
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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