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PPG Industries, Inc. develops and sells paints, coatings and specialty products for construction, consumer products, industrial, transportation and aftermarket customers. Company news commonly covers segment results in Global Architectural Coatings, Performance Coatings, Industrial Coatings, aerospace coatings, protective and marine coatings, Traffic Solutions, and packaging or automotive OEM coatings.
Recurring updates also include product and technology investments, such as radiation-curable coatings, protective systems for data center infrastructure, and R&D activity across regional laboratories. PPG news also addresses acquisitions that expand coatings lines, dividend declarations, shareholder meeting matters, leadership changes, digital transformation and operational efficiency initiatives.
PPG (NYSE: PPG) is collaborating with Cellforce Group, a joint venture between Porsche and CUSTOMCELLS, to develop sustainable battery cell solutions for electric vehicles. PPG will supply N-Methylpyrrolidone (NMP)-free cathode binder systems, promoting safer production practices in lithium-ion battery manufacturing. The partnership aims to enhance battery performance and sustainability in the growing automotive energy storage market, leveraging PPG's extensive materials expertise to support advancements in energy density, service life, and cost efficiency.
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PPG (NYSE: PPG) is investing over $10 million to expand its automotive OEM coatings production in Weingarten, Germany, with completion expected in Q2 2022. The 10,000 square foot facility addition will produce more than 5,000 metric tons of waterborne basecoats annually, enhancing production capabilities and sustainability. This initiative is part of a broader investment strategy across Europe aimed at reducing operational carbon emissions by over 1,000 metric tons of CO2 equivalent per year.
PPG (NYSE:PPG) has announced an expanded partnership with The Home Depot and HD Supply, aimed at providing a wide array of professional paint products exclusively for professional customers. The rollout of the new product lineup began in Q4 2021 across all U.S. Home Depot stores. This collaboration is designed to enhance service delivery to professionals by leveraging PPG's expertise and product offerings in conjunction with The Home Depot's extensive network. The partnership includes PPG's top brands, ensuring comprehensive support for professional customers.
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.