Following an earlier announcement for the same reason in the Asian region, PPG said it would increase prices and surcharges in Europe "to offset a significant rise in raw material costs". The price changes will impact a select group of automotive OEM (original equipment manufacturer) and industrial coatings products, effective 1 May or as contracts permit.

"The recent input cost increases in Europe, similar to what we experienced in Asia, are due to a significant tightening of commodity supply, supplier capacity constraints and regional feedstock availability," said the supplier's automotive OEM coatings head Tim Knavish.

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"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," added Shelley Bausch, PPG vice president, industrial coatings.

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

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