ERROR 1
ERROR 1
ERROR 2
ERROR 2
ERROR 2
ERROR 2
ERROR 2
Password and Confirm password must match.
If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)
ERROR 2
ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.
Two of the largest US paint makers, Sherwin Williams and PPG Industries, say their third-quarter sales will be hit significantly by raw material shortages. Raw materials such as resins for coatings have been in short supply since freezing weather in Texas in February sidelined the chemical industry. Producers have been slow to recover and now have to contend with additional events such as Hurricane Ida. PPG says its sales will be $225 million to $275 million lower than it had anticipated at the beginning of the quarter. The company says its sales of paint to the auto industry also have been hit by a shortage of computer chips that automakers need to build cars. Sherwin Williams says raw material shortages crimped sales by 3.5% in the second quarter. It expects third-quarter sales to be lower than expected by a “high-single-digit percentage.” Sherwin-Williams says the raw materials it can get are expensive and thus it has put surcharges on its products.
Join the conversation
Contact the reporter
Submit a Letter to the Editor for publication
Engage with us on Twitter