PPG (NYSE:PPG) today announced a global price adjustment across its paints, coatings and specialty products portfolio, reflecting the company's continued commitment to maintaining reliable supply of its high-performance products to customers amid a rapidly evolving global cost environment.

In recent weeks, the global petrochemical, energy and transportation markets have experienced significant volatility and supply constraints driven by factors outside the control of individual suppliers or manufacturers. This is resulting in higher costs for raw materials, energy, logistics and packaging across the coatings value chain.

To ensure continuity of supply and service for customers worldwide, PPG has begun implementing price increases of up to 20% across all product lines and services on a customer-by-customer basis or as existing contracts allow. Certain product categories, technologies and regions may require higher price adjustments to fully offset current cost inflation, and additional price increases may occur in the future as market conditions continue to evolve.