Pittsburgh, Pennsylvania - PPG Industries Inc. is raising prices for sodium silicate and all precipitated silica grades by up to 6% globally, the US speciality company announced 19 Dec.
The increase, which will take effect 1 Jan 2018, is aimed to “partially offset” rising raw material and operating costs, according Bill Fish, PPG commercial director, silica products.
“Unfortunately, our costs can no longer be offset solely by ongoing productivity improvements and cost-saving initiatives,” said Fish.
The silica segments, said Fish, are forecasted to have healthy growth for the foreseeable future.
“This price increase enables us to further invest in our operations to meet increasing customer demand,” he added.
To name a few, PPG’s silica products are used as reinforcing fillers in tire, industrial, footwear and silicone rubber application.