The price increase of up to 15% per lb, comes into effect on 1 November 2010, or as contracts allow.
PPG confirms that the price increase will affect all chopped fibres, direct rovings, multi-end rovings, mats and yarns.
“The demand for fibre glass remains strong as the economy continues to recover,” says Kevin McDonald, PPG general manager, fibre glass. “We see growth in energy, automotive and power generation, and the price increases will help us to invest in our capacity to support this growth."
PPG Industries (NYSE: PPG) is headquartered in Pittsburgh, USA.