PPG Industries, Inc. - PPG STOCK NEWS

PPG has announced a $2.7 million investment to expand its powder coatings manufacturing capabilities at its Sumaré facility in São Paulo, Brazil. This expansion will enhance production capacity by approximately 40% starting in Q3 2022. New equipment will facilitate the distribution of powder coatings, aligning with PPG's sustainability goal of achieving 40% of sales from sustainably advantaged products by 2025. The plant serves various industries including home appliances and agriculture, emphasizing PPG’s commitment to sustainable innovations.

PPG (NYSE: PPG) will announce its fourth quarter and full-year 2021 earnings on January 20, after U.S. markets close. A teleconference is scheduled for January 21 at 8 a.m. ET, with key executives including Chairman & CEO Michael H. McGarry and CFO Vincent J. Morales participating. Investors can register for the call through PPG's website. A replay will be available from January 21 at 11:00 a.m. ET to February 4. PPG reported net sales of $13.8 billion in 2020 and continues to innovate in over 75 countries.

PPG announced the appointment of Tim Knavish as the new Chief Operating Officer, effective March 1, 2022. Knavish, with over 35 years at PPG, has played a significant role in various business sectors and recent acquisitions like Tikkurila and Ennis-Flint. He will oversee all strategic business units, IT, EH&S, and procurement. His experience is expected to enhance collaboration and digital integration, aiming to boost financial performance and shareholder value.

PPG (NYSE: PPG) has been awarded the 2020-2021 Pro-Ethics seal by the Brazil Ministry of Transparency and Federal Comptroller General, marking its commitment to ethical business practices. PPG was the only coatings company recognized in both the current and previous editions of this program. The Pro-Ethics seal highlights PPG's dedication to integrity and its robust compliance program, which includes risk assessment, employee training on anti-corruption laws, and fostering a culture of transparency. In 2020, PPG reported net sales of $13.8 billion.

PPG (NYSE: PPG) has announced a multiyear agreement to serve as the Official Paint and Finishing Supplier of the Indianapolis Motor Speedway (IMS) and the NTT INDYCAR SERIES. The partnership includes sponsorship of the Indianapolis 500 qualifying weekend, set for May 21-22. PPG's longstanding relationship with IMS dates back decades, having previously served as the title sponsor of the INDYCAR SERIES from 1980 to 1997. This collaboration aims to enhance PPG's visibility and commitment to quality in the racing community, showcasing their paints and coatings at major events.

PPG (NYSE: PPG) has appointed Brian Williams as vice president and controller, a role effective immediately. Williams, who was previously the acting controller, will oversee PPG’s controllership function, including financial accounting and reporting. He has been with PPG since 2005 and has a proven track record in various financial roles. Williams holds a Bachelor of Science degree in accounting and is a certified public accountant.

PPG has launched the PPG SPECTRACRON® Splash, a revolutionary two-coat urethane system for composite bathtubs and sinks, offering unmatched durability and a range of customizable colors. This product aims to meet OEM demands for resilient surfaces in the kitchen and bath market. The system provides a protective topcoat that enhances gloss options and resists stains, chemicals, and abrasions, curing at high temperatures for a robust finish. Available globally, it marks a significant advancement from traditional white finishes.

PPG is recognized in Newsweek's 2022 America’s Most Responsible Companies list for the second year, improving its ranking by 42 spots to #88 overall. The evaluation considered thousands of companies across 13 subcategories. PPG excelled in environmental, social, and corporate governance (ESG)