PPG Industries, Inc. - PPG STOCK NEWS

PPG has appointed Meri Vainikka as vice president of architectural coatings for EMEA, effective immediately. She will oversee the Tikkurila legacy business and collaborate with the integration team during the transition. Vainikka brings extensive experience from her time at Tikkurila and previous roles at notable brands including L’Oréal and Mars. She holds a Master of Science in Economics from the Helsinki School of Economics and pursued an MBA at the University of South Carolina. This leadership change aims to enhance PPG's operational effectiveness in the region.

PPG (NYSE: PPG) revised its sales volume expectations for Q3 2021 downward by $225 million to $275 million. This adjustment is attributed to commodity supply disruptions, including semiconductor shortages and logistics challenges in the U.S., Europe, and China. Additionally, raw material costs have risen by about $60 million to $70 million compared to previous estimates. The company has withdrawn its earlier financial guidance for Q3 and the full year, despite reporting robust global economic demand and efforts for price increases, estimated at around 5%.

PPG (NYSE: PPG) has announced a phased launch of PPG LINQ™, a pioneering digital solution for the global automotive refinish market. This platform aims to enhance customer experiences, partner relationships, and body shop operations. The rollout begins in early 2022, following the success of PPG MOONWALK™, its automated paint mixing system.

PPG LINQ facilitates cloud-based management, reduces environmental impact, and optimizes productivity. It also connects repair facilities with industry stakeholders, promoting efficiency and improved profitability.

PPG (NYSE:PPG) has launched the PPG Aerospace Academy Online, a virtual training program aimed at users of its aerospace products. The program offers nine coatings-related courses covering essential topics such as surface preparation and advanced technologies like basecoat/clearcoat systems. This initiative builds on PPG’s existing in-person academy, enhancing accessibility and flexibility for customers. According to Jonathan Love, the program allows participants to access industry-leading resources remotely, ensuring they remain updated on aerospace technologies.

PPG has unveiled its 2022 Color of the Year, Olive Sprig (PPG1125-4), a grey-green hue symbolizing regrowth and resilience in a post-pandemic world. The color reflects a shift in consumer preferences towards more vibrant, nature-inspired colors, moving away from stark neutrals. PPG’s color experts identified three themes for 2022: Invaluable, Introspective, and Inspired, each suggesting unique color palettes for various spaces. This embrace of color is expected to drive optimism in both residential and commercial design.

PPG (NYSE: PPG) has announced over $170,000 in undergraduate scholarships through the PPG Foundation in partnership with the National Merit Scholarship Corporation. Since its inception in 1956, the foundation has awarded more than 3,000 scholarships to U.S. students. The 2021 program includes 29 new awards designated for children of PPG employees and students from nearby communities. These scholarships support students in pursuing degrees in science, technology, engineering, and mathematics (STEM), with annual awards granted for up to four years.

PPG (NYSE: PPG) has inaugurated a new automotive sealant production facility in Tangier, Morocco. This marks PPG's first automotive coatings facility in Africa, aimed at supplying Renault Group’s Dacia brand. The plant responds to Morocco's burgeoning automotive industry, projected to increase vehicle output significantly by 2030. The new facility will offer flexibility in vehicle design and aims to support local manufacturers with various adhesive and sealant technologies while enhancing sustainability efforts. PPG is committed to expanding operations in regions with growth potential.

PPG (NYSE: PPG) has launched PPG ENVIROCRON^™ PCS P4 powder coatings designed for architectural, home décor, and furniture applications. These coatings cater to the rising demand for matte and premium textures, suitable for aluminum and steel substrates. They are scratch- and UV-resistant, enhancing product longevity and providing excellent corrosion protection. PPG aims to meet modern design trends while delivering high performance. The coatings comply with GSB International and Qualicoat standards, ensuring quality for architectural applications.