PPG raises the price of automotive touch up paint products

Recently, PPG announced that its automotive touch up paint business unit in China will increase the price of its automotive touch up paint products sold in China from April 1, subject to the existing contract. Ms. yuan Jieyi, vice president of PPG automotive touch up paint and light industrial coatings in Asia, said, "in recent years, all kinds of operating costs have been increasing significantly, especially in raw materials, logistics and freight. Although we have tried our best to control the rising cost, the cumulative effect of these costs makes us have to carefully adjust the sales price to ensure that we continue to provide our customers with consistently high-quality products and services. " Prior to that, many coating enterprises, such as Xuanwei, Akzo Nobel, Libang and aiside, announced to adjust the prices of their automotive paint products one after another. With the price rise of PPG, the three giants of the paint industry gathered together and "coincidentally" raised the price of its automotive touch up paint products from April 1. Related reading: the two giants announced price hikes!