PPG Raises Prices 3 Percent

PPG Industries sent out a letter to its auto glass customers saying that it will institute a 3 percent increase effective April 10. Here is the content of the letter.

March 16, 2006

To Our PPG AutoGlass Customers:

The auto glass industry has experienced significant change and price pressures over the last several years with all indication that this trend is not short-lived. PPG Auto Glass has continued to reduce operating costs to partially offset increases for energy, labor, health care and product costs. We are unable to continue to absorb these inflationary items on our own. Therefore, effective April 10, 2006 PPG Auto Glass will implement a 3.0% price increase on each glass part.

We do recognize that all industry participants are dealing with similar rising costs and greatly appreciate your understanding and support. As always, we remain committed to continuing to identify opportunities to offset our operating costs without compromising service or the quality of our products.

Regards,

Lisa M. Detwiler
Director Business Development