PPG announced it has implemented a price increase for its automotive refinish products in China. The change was effective April 1, and impacts automotive refinish coatings products in China, as contracts permit.
The company says it has experienced significant cost increases in recent years, in many areas, especially raw materials, logistics and freight, which have led to these price increases.
“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.