PPG Announces Price Increase for Precipitated Silica Products
PITTSBURGH–(BUSINESS WIRE)–PPG (NYSE:PPG) today announced that it is raising prices by up to 6
percent for sodium silicate and all precipitated silica grades globally.
The increase will take effect Jan. 1, 2018, or as contracts allow, and
applies to all end-use segments.
This price increase partially offsets rising raw material costs and
operating costs and is necessary to support continued investment in
silica production and research and development, according to Bill Fish,
PPG commercial director, silica products.
“Unfortunately, our costs can no longer be offset solely by ongoing
productivity improvements and cost-saving initiatives,” said Fish. “The
silica segments are forecasted to have healthy growth for the
foreseeable future. This price increase enables us to further invest in
our operations to meet increasing customer demand while continuing to be
an industry leader in silica product innovation.”
Account representatives will communicate price increase details to
customers.
PPG pioneered synthetic precipitated silica products, becoming one of
the first manufacturers to bring them to the marketplace in the 1930s.
Today, PPG’s silica products group is a global technology leader of
precipitated silica products used as reinforcing fillers in tire,
industrial, footwear and silicone rubber applications; microporous
fillers in battery-separator applications; flatting and thickening
agents in coatings, adhesives and sealants; and anti-caking, free-flow
and carrier agents in food, feed and industrial applications.
As part of PPG’s specialty coatings and materials business, the silica
products group serves customers through a global network of
manufacturing, research and technical-support facilities. For more
information about PPG silica products, visit www.ppgsilica.com.
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 $14.3 billion in 2016.
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
Specialty Coatings and Materials
Brande Juart, +1
724-325-5203
[email protected]
www.ppgsilica.com