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March 13, 2017

Cost rises prompt PPG to increase paint prices in Asia

PPG said it raise customer-specific prices and surcharges in Asia "to offset a significant rise in raw material costs".

PPG said it would raise customer-specific prices and surcharges in Asia "to offset a significant rise in raw material costs".

The price changes will affect some automotive coatings and take effect either on 1 April or as individual contracts permit.

"The coatings industry in Asia is currently experiencing a dramatic tightening of commodity supply, stemming from increased environmental regulations and controls, supplier capacity constraints, and regional availability of feedstocks," said Tim Knavish, PPG senior vice president, automotive OEM coatings, in a statement.

"While we must work with our customers to share the burden of these cost increases, we remain committed to providing them with global coatings solutions that offer outstanding value, world-class service and the latest technologies," said Shelley Bausch, PPG vice president, global industrial coatings.

Details of the price increases will be advised directly to customers, PPG said.

The supplier recently completed a new US$19m waterborne and high-solids coatings production line at its Wuhu factory in Anhui province, China.

PPG said stricter Chinese environment regulations have prompted automakers to increase the use of low-volatile organic compound (low-VOC) paint. The new line adds production for waterborne coatings to meet this need as well and growing overall demand from OEMs and parts makers. The new facility adds process advancements and a higher degree of automation while new storage tanks help reduce waste.

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