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 (NYSE:PPG) has successfully completed its acquisition of Tikkurila (NASDAQ OMX: TIK1V), acquiring all tendered shares at €34.00 each, totaling approximately 38.7 million shares. PPG now controls 97.1% of Tikkurila, with the remaining shares to be acquired through a squeeze-out process. Tikkurila, a leading decorative paint producer from Finland, reported sales of €582 million in 2020. PPG aims to leverage Tikkurila's portfolio and geographic presence to drive growth and enhance customer offerings, highlighting synergies and innovation potential.
PPG (NYSE:PPG) supplied aerospace sealants, coatings, and adhesives for United Launch Alliance's Atlas V 541 rocket, which successfully launched NASA's Perseverance rover to Mars in July 2020. The rover landed on Mars in February 2021. Key PPG products included the DESOTHANE™ CA8200 Series HS polyurethane topcoat and PR-2001 Class B rapid-curing fuel tank sealant. PPG's Atlanta application support center collaborated closely with ULA to ensure product delivery and technical support. PPG operates globally, offering various products and services across multiple sectors.
PPG (NYSE: PPG) has secured regulatory approval from the Federal Antimonopoly Service of Russia for its tender offer for Tikkurila (NASDAQ OMX: TIK1V). This approval completes all necessary regulatory conditions, allowing the tender offer to expire on June 4, 2021, with closure expected around June 10, 2021. Earlier, confirmations from the European Commission and Finland’s Ministry of Economic Affairs indicated broad regulatory support. PPG needs shares representing over 66.7% of Tikkurila to finalize the acquisition. Details regarding the offer will be updated in Nasdaq Helsinki documentation.
PPG (NYSE: PPG) has unveiled its new Coraflon® Platinum powder coatings for architectural extrusions and sheet aluminum. These advanced coatings feature over 20% transfer efficiency and enhanced corrosion resistance compared to standard options. Available globally, they come in a variety of colors and finishes, including matte options that replicate anodized aluminum. Coraflon Platinum coatings meet rigorous environmental standards and are backed by over nine years of testing, receiving a 20-year warranty. PPG reported net sales of $13.8 billion in 2020, operating in over 70 countries.
PPG has successfully completed the acquisition of Wörwag, a global manufacturer specializing in coatings for industrial and automotive applications. This strategic acquisition is intended to enhance PPG's growth and provide additional value for its customers and shareholders. Wörwag operates across several countries, including Germany, the U.S., and China, and employs around 1,100 people. PPG aims to leverage Wörwag’s sustainable solutions and customer-centric approach to strengthen its automotive coatings portfolio.
PPG (NYSE: PPG) has invested $13 million in its Jiading, China facility, enhancing its powder coating production with eight new lines and an expanded Technology Center. This expansion will increase annual capacity by over 8,000 metric tons, focusing on sustainable coatings to meet growing demand. The new facility covers 2,000 square meters and features advanced R&D capabilities, supporting various sectors like automotive and consumer electronics. This move aligns with PPG's commitment to innovation in coatings, ensuring high-quality products for the Asia Pacific region.
PPG (NYSE:PPG) has announced the extension of its tender offer for all outstanding shares of Tikkurila Oyj (NASDAQ OMX:TIK1V) to allow for additional regulatory review. Originally set to expire on May 11, 2021, the extension comes amidst delays due to COVID-19 restrictions impacting the Federal Antimonopoly Service (FAS) of Russia's assessment. Approval from the FAS remains pending, while approvals from the European Commission and other authorities have already been granted. PPG aims to secure over 66.7% of Tikkurila's shares for the acquisition to proceed.
PPG (NYSE:PPG) has been named a finalist for the 2021 Automotive News PACEpilot Award for its innovative precision application automotive coatings technology. This zero-overspray system enhances efficiency by reducing paint shop time for two-tone vehicles by approximately 50 minutes and advances sustainability goals by cutting CO2 emissions. As the only coatings supplier among 23 finalists, PPG's technology may open up further opportunities across various transportation sectors, emphasizing potential growth.
PPG (NYSE: PPG) has launched PPG ERGOLUXE™ powder coatings, specifically designed for metal office furniture. This new product utilizes a polyester-hybrid technology to enhance durability and sustainability compared to traditional coatings. Key features include a transfer efficiency rate of up to 85%, a formulation with up to 13% recycled content, and options for strong scratch resistance. PPG has processed over 6 million pounds of recycled materials since 2017, reinforcing their commitment to eco-friendliness while providing versatile and reliable coatings for modern office designs.
FAQ
What is the current stock price of PPG Industries (PPG)?
What is the market cap of PPG Industries (PPG)?
What does PPG Industries, Inc. specialize in?
Where is PPG Industries headquartered?
On which stock exchange are PPG shares traded?
What was PPG Industries' reported net sales in 2014?
In how many countries does PPG Industries operate?
What recent acquisitions has PPG made?
What markets does PPG Industries serve?
How does PPG Industries contribute to sustainability?
What are some of PPG Industries' recent projects?
What is PPG's vision?
