PPG Announces Price Increase for Automotive OEM Coatings in the Americas

TROY, Mich.–(BUSINESS WIRE)–PPG (NYSE: PPG) today announced that it is raising prices for select
coatings products for Automotive OEM customers in the Americas. The
increase will take effect immediately or as customer contracts allow.

This price increase helps mitigate rising raw material and operating
costs, as recent demand for raw materials has outstripped the supply
capacity of industries providing materials for paints and coatings. In
addition, PPG has seen heightened freight and logistics costs for the
past six months due to oil prices increasing nearly 40 percent over the
past nine months.

“While we have experienced broad inflation across a number of raw
material categories, liquid epoxy resins, titanium dioxide, isocyanates,
plasticizers and solvents have incurred the most significant increases,”
said Matt Marek, PPG vice president, automotive OEM coatings, Americas.
“PPG remains committed to providing innovative product solutions for our
customers, and we will continue to manage other costs wherever possible.”

Details of the price increases will be communicated directly to
customers.

PPG: WE PROTECT AND BEAUTIFY THE WORLD™

At PPG (NYSE:PPG), we work every day to develop and deliver the paints,
coatings and materials that our customers have trusted for more than 130
years. Through dedication and creativity, we solve our customers’
biggest challenges, collaborating closely to find the right path
forward. With headquarters in Pittsburgh, we operate and innovate in
more than 70 countries and reported net sales of $14.8 billion in 2017.
We serve customers in construction, consumer products, industrial and
transportation markets and aftermarkets. To learn more, visit www.ppg.com.

We protect and beautify the world is a trademark and the PPG
Logo is a registered trademark of PPG Industries Ohio, Inc.

Contacts

PPG Media Contacts:
Automotive OEM Coatings
Mike
Millar,+1-248-641-2237
[email protected]
www.ppgautocoatings.com/