PPG announces fiber glass price increases

PITTSBURGH – PPG Industries’ (NYSE:PPG) Fiber Glass business announced it is raising prices effective May 1.

“The rising costs for energy, transportation, raw materials and precious metals creates an economic hardship for our business and our industry and is affecting our ability to reinvest toward the future, a consequence that would affect us all,” said Greg Benckart, General Manager. Energy sources such as wind and coal and infrastructure for water, oil and electricity are among some of the markets experiencing rapid growth and driving technology investment. “Our abilty to supply these high growth markets relies on investment of capital and resources. The inflationary prices in raw materials is driving our need to raise prices so that we can justify continued investment in our business to support these and other critical markets”.

PPG’s price increases will affect all reinforcements for thermoset and thermoplastic resins as well as yarn products. Sales representatives are communicating details of this increase to customers.

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