Joe Stas, PPG vice president of automotive OEM glass, said the price increase is necessary because of "skyrocketing energy and raw material prices" and the projection that they will remain high."Until now PPG has been able to absorb increases in raw materials, energy, health care and labour costs with productivity improvements achieved, in part, by working collaboratively with our customers to take costs out of our combined systems," Stas said in a letter to customers. "However, due to the magnitude and long-term nature of these unprecedented increases, PPG is unable to continue to absorb them."
The Pittsburgh, PA-based PPG is one of the world's largest manufacturers of automotive OE glass, with seven manufacturing facilities in North America, and is also a leading supplier of automotive replacement and flat glass. PPG is also a global supplier of OE and refinish coatings, chemicals and fibreglass.