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.
News
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PPG engages Goldman Sachs to review strategic alternatives for its architectural coatings business in the U.S. and Canada. The business represents 10% of PPG's total net sales in 2023. The company aims to maximize value for shareholders through potential partnerships, ownership changes, or joint ventures.
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PPG (NYSE:PPG) secures top spot on the 2024 Corporate Knights Clean200 list for sustainable revenue, aiming for 50% sales from sustainable products by 2030. The company reported 19% of sales from sustainable sources in 2022 and ranked 161st globally. PPG focuses on product sustainability, energy efficiency, emissions reductions, and innovation to meet its targets.
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PPG and the PPG Foundation invested over $17.5 million worldwide in 2023 to support 450+ community partners and programs focused on education and community sustainability, with a focus on STEM initiatives. The funding increased by $1.3 million from 2022, showcasing a commitment to creating brighter communities for the future.
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PPG (NYSE:PPG) has been recognized by JUST Capital for the sixth consecutive year in its 2024 list of America’s Most JUST Companies. PPG performed in the top half of the chemicals industry, outperforming the industry average in four of five categories, with its overall rank improving 258 spots from the previous year. The company's industry ranking also improved six spots. JUST Capital recognized 937 companies across 36 industries for the 2024 assessment, reflecting the public opinion of roughly 3,000 Americans. PPG's commitment to sustainability and the positive impact on customers, employees, stakeholders, and the environment has been validated by these results.
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Rockwell Automation (NYSE: ROK) announced the election of Timothy M. Knavish to its board of directors, effective Feb. 7, 2024. Knavish, the CEO of PPG (NYSE: PPG), brings a wealth of experience in global manufacturing, acquisitions, and workforce diversity. His addition to the board is expected to provide valuable counsel and leadership. Knavish has a strong record of leadership at PPG, having held various roles across different global regions before becoming COO in 2022 and CEO in 2023.
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PPG extends sponsorship of Tasca Racing team for 2024 season, featuring the PPG Ford Dark Horse Nitro Mustang Funny Car in 4 events. The Nitro Funny Car will make its debut at the inaugural FloRacing PRO Superstar Shootout. PPG and Tasca Racing have a strong partnership, with PPG products being used in Tasca Automotive Group's collision centers.
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PPG (NYSE:PPG) ranked #2 in the chemicals industry and #232 on the overall World’s Most Admired Companies® List by Fortune Magazine. The company earned high marks in People Management and Social Responsibility, reflecting the dedication of its 50,000+ employees. PPG operates in 70+ countries, reporting net sales of $18.2 billion in 2023.
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PPG (NYSE:PPG) announces key leadership changes as Irene Tasi and Alisha Bellezza are appointed to new senior vice president roles, effective March 1, 2024. Tasi, currently the chief growth officer, will lead the industrial coatings division, while Bellezza, the vice president of automotive coatings, will transition to the role of senior vice president of automotive coatings. The press release also highlights PPG's focus on sustainability, innovation, and growth initiatives, with net sales of $18.2 billion reported in 2023.
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PPG (NYSE:PPG) completed a COLORFUL COMMUNITIES® project in collaboration with Heart of America to revitalize the Boys & Girls Clubs of Broward County Nan Knox Unit in Fort Lauderdale, Fla. More than 115 global leaders repainted the Club's learning center, art and computer rooms, and media center. PPG provided over 120 gallons of PPG PURE PERFORMANCE® paint and a grant to support STEM educational activities. The project aimed to create engaging learning spaces and inspire future leaders in industries PPG serves, including aviation. PPG has completed over 500 Colorful Communities projects, impacting more than 8.2 million people in 50 countries. PPG reported net sales of $18.2 billion in 2023, serving customers in construction, consumer products, industrial and transportation markets, and aftermarkets.
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PPG (NYSE:PPG) announced the retirement of Stephen F. Angel, 68, from the board of directors, effective February 15, 2024. Angel played a crucial role in guiding PPG through complex issues and decisions. He served on the board for more than 13 years and contributed as a member of various committees. Angel's leadership and experience will be missed, and he will be serving as the chairman of the board of Linde plc and chair of the GE Vernova board. PPG reported net sales of $18.2 billion in 2023, operating in more than 70 countries and serving customers in various markets.
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FAQ
What is the current stock price of PPG Industries (PPG)?
The current stock price of PPG Industries (PPG) is $122.65 as of November 22, 2024.
What is the market cap of PPG Industries (PPG)?
The market cap of PPG Industries (PPG) is approximately 29.6B.
What does PPG Industries, Inc. specialize in?
PPG Industries specializes in high-quality coatings and specialty materials for various markets including automotive, aerospace, construction, and industrial sectors.
Where is PPG Industries headquartered?
PPG Industries is headquartered in Pittsburgh, Pennsylvania.
On which stock exchange are PPG shares traded?
PPG shares are traded on the New York Stock Exchange under the symbol PPG.
What was PPG Industries' reported net sales in 2014?
PPG Industries' reported net sales in 2014 were $15.4 billion.
In how many countries does PPG Industries operate?
PPG Industries operates in over 70 countries worldwide.
What recent acquisitions has PPG made?
PPG has acquired selected assets from Akzo Nobel and made significant acquisitions like Comex to expand its market presence.
What markets does PPG Industries serve?
PPG serves several markets including automotive, aerospace, construction, consumer products, and industrial markets.
How does PPG Industries contribute to sustainability?
PPG Industries focuses on sustainable product development, ensuring that its offerings meet stringent environmental standards.
What are some of PPG Industries' recent projects?
PPG is involved in projects aimed at enhancing product durability and aesthetic appeal, and it partners with leading automotive and aerospace companies.
What is PPG's vision?
PPG's vision is to be the world’s leading coatings company, delivering innovative and sustainable solutions that customers trust.
PPG Industries, Inc.
NYSE:PPG
PPG Rankings
PPG Stock Data
29.64B
231.50M
0.2%
84.9%
0.97%
Specialty Chemicals
Paints, Varnishes, Lacquers, Enamels & Allied Prods
United States of America
PITTSBURGH