Welcome to our dedicated page for PPG Industries news (Ticker: PPG), a resource for investors and traders seeking the latest updates and insights on PPG Industries stock.
PPG Industries, Inc. (symbol: PPG) is a global leader in the production of high-quality coatings and specialty materials. Established in 1883 and headquartered in Pittsburgh, PPG operates in over 70 countries worldwide. The company is committed to delivering innovative and sustainable solutions that customers trust to protect and beautify their products and surroundings.
PPG’s operations span across various markets, including automotive, aerospace, construction, and industrial. The company is recognized as the world’s largest producer of coatings after acquiring assets from Akzo Nobel. Additionally, notable acquisitions like Comex demonstrate PPG’s focus on expanding into emerging regions.
Renowned for its leadership in innovation, sustainability, and color, PPG constantly seeks to add value to its customer base, providing advanced products that enhance more surfaces than any other company. The company’s financial strength is evident, with a reported net sales of $15.4 billion in 2014, and its shares being traded on the New York Stock Exchange under the symbol PPG.
Recent Achievements and Current Projects
- PPG has recently made significant strides in sustainable product development, ensuring that its offerings meet stringent environmental standards.
- The company is involved in various projects aimed at enhancing product durability and aesthetic appeal, tailored to the specific needs of different markets.
- Partnerships with leading automotive and aerospace companies have solidified PPG’s position as a trusted supplier of advanced coatings and materials.
By consistently innovating and adapting to market demands, PPG Industries, Inc. continues to reinforce its vision of being the world's leading coatings company.
PPG has announced key appointments within its Automotive OEM and Industrial Coatings divisions, effective December 1, 2021. Thomas Li will become vice president of automotive coatings for the Asia Pacific, succeeding his role as general manager, while Emmanuelle Guerin transitions to vice president of automotive coatings for global auto parts. Xiaobing Nie will assume the role of vice president for industrial coatings in China and global consumer products. These leaders aim to drive growth through strategic initiatives and leverage their industry experience.
PPG (NYSE: PPG) received the 2021 Carnegie Science Award in the corporate leadership category on Nov. 5, 2021, in Pittsburgh. The award recognizes significant contributions to manufacturing, materials processes, and technology that benefit the Western Pennsylvania region. David Bem, PPG's VP of Science and Technology, accepted the award and highlighted PPG's commitment to innovation and community initiatives in STEM, COVID-19 relief, and social justice. The event also raised funds for educational programs at the Carnegie Science Center.
PPG has introduced its MY color solution, a unique app paired with self-adhesive paint swatches, allowing consumers to create customized color palettes. After downloading the app, users can photograph objects or colors online, which are then matched to PPG's HISTOR paint shades. Each color palette follows a 60-30-10 guideline for optimal room design. The app aims to simplify color selection by providing certainty in matching colors with existing home decor, thus resolving common challenges in the painting process.
PPG has inaugurated its new Packaging Coatings Innovation Centre in Bodelshausen, Germany, enhancing R&D capabilities to accelerate product development in various markets. This facility will strengthen PPG's leadership in non-bisphenol coatings for consumer packaging. The site centralizes product development and customer support for the Europe, Middle East, and Africa regions. PPG has also invested in new equipment that doubles production capacity for white lacquers while reducing energy consumption, marking a commitment to innovative, high-performance solutions.
Teledyne Technologies Incorporated (NYSE:TDY) has appointed Vincent J. Morales, the current CFO of PPG (NYSE:PPG), to its Board of Directors, effective November 1, 2021. This appointment increases the Board's total members to 11. Mr. Morales brings over 30 years of experience at PPG, where he advanced through various finance roles and has been CFO since March 2017. He was instrumental in PPG's strategic transformation. Teledyne specializes in advanced digital imaging, aerospace, and defense electronics.
PPG has expanded its coatings portfolio for wastewater facilities, enhancing solutions for various wastewater management processes. This includes offerings for collections, treatment, sludge handling, and disinfection. The new products stem from the acquisition of VERSAFLEX and include PPG RAVEN® and PPG AQUATAFLEX® coating systems. Each product provides tailored performance based on environmental conditions and substrate type, ensuring resistance against aggressive corrosion. Enhanced technical support and a new interactive guide are also part of this release.
The Board of Directors of PPG declared a quarterly dividend of
PPG (NYSE: PPG) has been awarded three 2021 R&D 100 Awards for its innovative coatings: PPG BFP-SE Battery Fire Protection, PPG ENVIROCRON™ Extreme Protection, and PPG HI-TEMP® 1027 HD. The BFP-SE coating enhances safety in electric vehicles by preventing battery fires. ENVIROCRON integrates thermal conductivity and dielectric protection, improving battery efficiency. HI-TEMP 1027 HD offers high-temperature corrosion resistance for construction projects. Additionally, LIQUID NAILS® FUZE*IT MAX® was a finalist in the awards.
PPG reported record third-quarter net sales of nearly $4.4 billion, a 19% year-over-year increase. Organic sales growth was driven by higher selling prices, which rose nearly 6%. However, reported earnings per diluted share (EPS) fell to $1.43, down 23% year-over-year. Supply chain disruptions and raw material cost inflation of about 25% negatively impacted sales and manufacturing costs. PPG plans share repurchases in Q4 and continues evaluating potential acquisitions to support growth.
PPG (NYSE:PPG) announced the appointment of Vincent Robin as vice president of global automotive coatings, effective November 1. Previously president of the Asia Pacific region, Robin will report to Rebecca Liebert and join PPG's operating committee. His extensive experience in the automotive sector and knowledge of high-growth markets are expected to enhance PPG's automotive coatings business. Robin aims to develop a growth-focused strategy and lead initiatives for electric, autonomous, and connected vehicles.
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