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) is investing $300 million in advanced manufacturing in North America to meet increased demand for paints and coatings in the automotive sector.
A new 250,000-square-foot plant will be built in Loudon County, Tennessee, marking PPG's first new manufacturing facility in the U.S. in over 15 years. Construction will start in August 2024 and complete in 2026, eventually employing 130 full-time workers and producing over 11 million gallons annually.
Investments will also enhance existing facilities in Cleveland, Ohio, and San Juan Del Rio, Mexico to improve manufacturing efficiencies and meet growing demand for sustainable solutions like waterborne coatings.
This strategic move aims to modernize PPG's operations without altering their overall capital investment spending levels. CEO Tim Knavish emphasized the focus on quality and operational efficiency, while Governor Bill Lee highlighted the positive economic impact on Tennessee.
PPG has been honored with the American Chemistry Council Sustainability Leadership Award for its PPG ENVIROPRIME® EPIC 300 electrocoat, which reduces energy use and emissions in automotive OEM facilities. The award recognizes PPG's commitment to sustainability and innovation in the coatings industry.
Amyris, Inc. has appointed Kathy L. Fortmann as its new CEO, bringing 35 years of global business experience. Ms. Fortmann replaces Han Kieftenbeld and aims to lead the company through innovation and growth. With a background in specialty chemicals and ingredients, she is excited to work with the Board and colleagues to execute Amyris' strategy.
PPG has once again achieved a gold rating for corporate social responsibility from EcoVadis, placing it in the top 7% of evaluated companies. The company excelled in environmental, labor and human rights, and sustainable procurement practices. Notably, PPG saw 44% of its sales from sustainably advantaged products, reduced its scope 1 and 2 greenhouse gas emissions by 10%, and had 97% of key suppliers assessed for sustainability and social responsibility.
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