Ppg Inds Inc Stock Price, News & Analysis

PPG (NYSE: PPG) has announced the divestiture of its business activities in Senegal, Ivory Coast, Cameroon, Gabon, and Algeria to Océinde, a Réunion-based industrial group. This agreement includes a licensing and distribution contract for the SEIGNEURIE® paint range. Océinde will take over the employees in these regions and strengthen its relationship with PPG, which has supplied specialty materials to Océinde. Both companies aim to enhance service delivery in the African market, benefiting from a long-term collaboration.

PPG (NYSE: PPG) has announced the schedule for its first quarter 2022 earnings release and teleconference call. The earnings release will be issued on April 21, after U.S. stock market close. A teleconference is set for April 22 at 8 a.m. ET, featuring key company executives, including CEO Michael H. McGarry. Participants can register for the call online, and a live webcast will be available on the PPG Investor Center. Replay options will be accessible both via telephone and online after the event.

PPG announced details for its first quarter 2022 earnings release and teleconference call. The earnings release will take place on Thursday, April 21 after U.S. markets close, while the teleconference is scheduled for Friday, April 22 at 8 a.m. ET. Participants include CEO Michael H. McGarry, COO Tim Knavish, and CFO Vincent Morales. Dial-in registration is available online. A live webcast will be accessible via the PPG Investor Center, with a replay available post-call. PPG reported net sales of $16.8 billion in 2021.

PPG has launched a new European Central Powder Coatings Research and Development Center in Milan, Italy, designed to enhance product development in sustainable powder coatings. This facility features a customer application center and advanced capabilities, emphasizing PPG's commitment to innovation and customer support. While financial details remain undisclosed, the center will serve as a hub for cross-technology R&D and strengthen PPG's position in the powder coatings market, which includes prior acquisitions like Alpha Coating Technologies and Wörwag.

PPG has announced that its patented PPG PSX™ polysiloxane coatings have achieved C4H certification under the ISO 12944-6:2018 standard for corrosion protection. This certification signifies long-term protection against corrosion in harsh environments, such as industrial and coastal areas, with an estimated durability of 15 to 25 years. The PSX technology requires fewer coats compared to traditional systems, leading to material cost savings and reduced environmental impact. The coatings are also ultra-high solids and isocyanate-free, meeting stringent emissions regulations.

PPG has launched the PPG AMERLOCK® 600, a versatile epoxy coating designed for use on a variety of steel substrates. This high-build, polyamide-cured coating features a one-year recoat window, fast drying times, and low VOC emissions of 240g/L. It is suitable for carbon steel, stainless steel, and galvanized surfaces, streamlining inventory for fabrication shops. The product meets ISO 12944 standards, providing corrosion protection in aggressive environments, and enhances operational efficiency by allowing touch-ups on-site.

PPG (NYSE:PPG) announced that Rebecca Liebert, executive vice president, has been elected to the National Academy of Engineering. This prestigious recognition acknowledges her leadership in enhancing the U.S. manufacturing industry. Liebert is one of 111 U.S. members in the 2022 class, contributing to a total of 2,338 NAE members. Since joining PPG in 2018, she has led initiatives focused on technological advancements and operational efficiencies, including AI-based solutions. PPG reported net sales of $16.8 billion in 2021, serving various sectors globally.

PPG announced a contribution of nearly $450,000 for COVID-19 relief efforts in EMEA during 2021. The funding supported over 50 organizations addressing socio-economic challenges magnified by the pandemic. Noteworthy recipients included Banco Alimentare della Lombardia, providing food support in Italy, and Asociatia Casa Buna, which aided educational initiatives in Romania, helping over 270 vulnerable children. PPG's commitment reflects its purpose of community support and highlights its broader engagement strategy through the PPG Foundation.

PPG has been recognized on the CLEAN200™ global list as the top manufacturer in paints, coatings, and specialty materials, achieving 35% of its 2020 revenue from sustainably advantaged products. The company aims for 40% by 2025. PPG launched products like PPG ERGOLUX™ Powder Coatings and PPG CoraChar™ Battery Fire Protection Coating to support sustainability goals. The Clean200 ranking evaluates firms based on revenue from sustainable solutions, indicating PPG's commitment to a cleaner future.