SHANGHAI--(BUSINESS WIRE)--PPG (NYSE:PPG) today announced that it has implemented a price increase for its automotive refinish products in China. The change was effective April 1, 2019 and impacts automotive refinish coatings products in China, as contracts permit.
In recent years, PPG has experienced significant cost increases in many areas especially raw materials, logistics and freight.
“We have tried to offset rising costs through cost-control measures where possible, but the cumulative effect is having a significant impact on our business,” said Pauline Yuen, PPG vice president, automotive refinish coatings, Asia. “We must increase our prices so we can continue to offer exceptional products and services to support the success of our customers.”
PPG will communicate details of the price increase directly to customers.
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