PPG Industries Fibreglass business have announced a 5 percent price increase across all products in the Americas, Europe, Middle East and Africa.
The company puts the increase down to raw material price increases, from the petroleum-based binder, precious metals to the transportation. Kevin McDonald, PPG general manager for fibreglass said
This price increase is necessary, not only to offset the impact of these rising costs and other inflation factors but also to make investments to ensure we have ample capacity to continue meeting customer demand.
PPG’s price increase will affect all fibreglass products, including chopped fibres, direct and multi-end rovings, mats and specialty yarns.