“Rising costs for energy, transportation, raw materials and precious metals create an economic hardship for our business and our industry, that is affecting our ability to reinvest for the future,” said Greg Benckart, PPG general manager. “While we want to continue to invest in technology and capacity, we find ourselves in a position where current economics will not justify these necessary investments.”

The price increases will affect reinforcements for thermoset and thermoplastic resins, as well as yarn products. Sales representatives will forward price-increase details to their customers in the American markets.