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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) 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.
PPG has launched the PPG SPECTRACRON® Splash, a revolutionary two-coat urethane system for composite bathtubs and sinks, offering unmatched durability and a range of customizable colors. This product aims to meet OEM demands for resilient surfaces in the kitchen and bath market. The system provides a protective topcoat that enhances gloss options and resists stains, chemicals, and abrasions, curing at high temperatures for a robust finish. Available globally, it marks a significant advancement from traditional white finishes.
PPG is recognized in Newsweek's 2022 America’s Most Responsible Companies list for the second year, improving its ranking by 42 spots to #88 overall. The evaluation considered thousands of companies across 13 subcategories. PPG excelled in environmental, social, and corporate governance (ESG)/b) metrics, ranking #11 in the Materials and Chemicals category. The company has made strides toward its 2025 sustainability goals, including a 35% reduction in waste disposal intensity and a 24% decrease in greenhouse gas emissions.
PPG has launched an expanded automotive OEM clearcoat production line at its Erlenbach, Germany facility, investing €3 million to nearly double capacity. This project utilizes advanced manufacturing technology to enhance operational efficiency, sustainability, and flexibility. The new facility enables faster production and accommodates multiple batch sizes, meeting the growing demand for premium clearcoats. PPG aims to strengthen its position as a top manufacturer in this sector, delivering durable and high-quality coatings that satisfy demanding OEM specifications.
PPG has appointed Irene Tasi as the new Chief Growth Officer, effective December 6, 2021. Tasi will spearhead PPG's growth initiatives, overseeing corporate strategy, marketing, and innovation. Reporting to CEO Michael McGarry, she brings over 20 years of experience from Masco Corporation, where she held various leadership roles, including president of Kichler Lighting. Tasi's background in strategic marketing and operational excellence aims to enhance shareholder value and customer satisfaction.
PPG has announced its first commercial sale of 3D printed components, providing Lockheed Martin (NYSE: LMT) with custom ramp seals for the C-130J Super Hercules military aircraft. The ramp seals were produced using PPG's patented ambient reactive extrusion (ARE) technology, which streamlines production and reduces costs by over 30%. This innovative additive manufacturing process minimizes material waste, enhances sustainability, and shortens time-to-market. PPG is enhancing its 3D printing capabilities in collaboration with Cosine Additive.