PITTSBURGH—PPG Industries Inc. is is set to raise prices for sodium silicate and all precipitated silica grades by up to 6 percent globally.
The increase, which will takes effect Jan. 1, is intended to "partially offset" rising raw material and operating costs, according to Bill Fish, PPG's commercial director silica products.
"Unfortunately, our costs can no longer be offset solely by ongoing productivity improvements and cost-saving initiatives," Fish said.
The silica segments, he noted, are expected to see healthy growth the near future and the increased prices will allow the firm to invest in operations that support the growing segment.
PPG's silica products are used as reinforcing fillers in tire, industrial, footwear and silicone rubber applications.