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PPG Announces Performance Glazings Price Increase
PPG Industries announced a 13-percent price increase for all clear, tinted,
coated and tempered glasses from its performance glazings (formerly flat glass)
business and an 8-percent increase for all Starphire ultra-clear glass products,
both effective June 16. The company cited higher raw material, energy and transportation
costs as the reason for the increase.
"PPG continues to experience double-digit cost increases in the costs
of raw materials associated with the production of our glass and coated glass
products," says Scott Follett, director, marketing and new product development,
PPG Performance Glazings. "In addition, the increases in costs associated
with diesel fuel and natural gas have far outpaced our ability to recover costs
through current energy surcharge practices."
Follett says that in the past five years, costs for glass batch materials including
sand and soda ash have grown dramatically, and the price of natural gas that powers
glass melt tanks has skyrocketed. In the last year alone, he says, diesel fuel
used for transportation of raw materials and glass products has increased more
than 40 percent.
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