Growth strategies

PPG announces price increase for 2019

PPG Monday announced it will implement a 10 percent price increase on all of its industrial coatings products globally. The change will be effective Jan. 1, 2019, or as permissible by contract, and will apply to all industrial coatings end-use segments.

Tim Knavish, PPG senior vice president, industrial coatings, cites unprecedented cost pressures in raw materials, freight, energy and labor for the resulting price increase.

“We continue to be diligent in offsetting costs and exercising cost-control measures across our supply chain to increase efficiency,” he says. “Despite these efforts, we must modify our pricing to ensure that we can continue to deliver exceptional technical support and solutions to our customers.”

PPG says its sales representatives will communicate price increase details to customers for all affected products.

Learn how to move your used trucks faster
With unsold used inventory depreciating at a rate of more than 2% monthly, efficient inventory turnover is a must for dealers. Download this eBook to access proven strategies for selling used trucks faster.
Download
Used Truck Guide Cover