PPG Announces $2.7 Million Investment for Powder Coatings Expansion in Sumaré, Brazil

Rhea-AI Summary

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.

Positive

• Investment of $2.7 million to expand powder coatings manufacturing.
• Production capacity increase by approximately 40%.
• New equipment aimed at enhancing sustainability and distribution.
• Goal to achieve 40% of sales from sustainable products by 2025.

Negative

• None.

New equipment, more sustainable technology will meet growing South American demand

SUMARÉ, Brazil--(BUSINESS WIRE)-- PPG (NYSE: PPG) today announced an investment of $2.7 million to expand its powder coatings manufacturing capabilities at its facility in Sumaré, in the Brazilian state of São Paulo. The project will increase the plant’s production capacity for powder coatings by approximately 40%, beginning in the third quarter of 2022.

The site expansion will include new equipment that will help to further PPG’s distribution of powder coatings, a highly sustainable product offering with enhanced durability, transfer efficiency and the ability to be reclaimed or reused during application. The investment aligns with PPG’s goal to have 40% of its sales by 2025 from sustainably advantaged products, while also increasing production capacity to meet growing customer demand in Brazil and other South American countries.

"PPG is a leader in providing solutions that optimize processes for our customers,” said Marizeth Carvalho, PPG general manager, industrial coatings, Americas. “The expansion of our Sumaré site reinforces our commitment to grow, share knowledge, develop our workforce and bring innovative, sustainable solutions to the marketplace."

The Sumaré plant serves the home appliance, agriculture, transportation and general finishing industries, which encompass steel furniture, storage structures, gym equipment, electrical panels and power transformers.

Powder coatings are one of the fastest growing coating technologies due to their sustainability benefits and excellent performance properties. Powder coatings do not release solvents given their low-VOC nature and are fully reusable, meaning paint that is not deposited on a substrate during application returns to the paint system to reduce waste. In an ongoing commitment to sustainable innovations that exceed customer needs, PPG is investing in powder capabilities across the globe.

PPG: WE PROTECT AND BEAUTIFY THE WORLD™

At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and materials that our customers have trusted for more than 135 years. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 75 countries and reported net sales of $13.8 billion in 2020. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.

We protect and beautify the world is a trademark and the PPG Logo is a registered trademark of PPG Industries Ohio, Inc.

CATEGORY Industrial Coatings

View source version on businesswire.com: https://www.businesswire.com/news/home/20211221005491/en/

PPG Media Contact:

Mark Silvey

Corporate Communications

+1-412-434-3046

silvey@ppg.com

PPG Investor Contact:

John Bruno

Investor Relations

+1-412-434-3466

jbruno@ppg.com

investor.ppg.com

Source: PPG

FAQ

What is PPG's recent investment in Brazil about?

PPG announced a $2.7 million investment to expand its powder coatings manufacturing capabilities in Sumaré, Brazil.

How much will PPG increase its powder coatings production capacity?

PPG will increase its powder coatings production capacity by approximately 40%.

When does PPG expect the expansion of its Sumaré facility to begin?

The expansion is expected to begin in the third quarter of 2022.

What sustainability goals has PPG set for 2025?

PPG aims to achieve 40% of its sales from sustainably advantaged products by 2025.

Which industries does the Sumaré plant serve?

The Sumaré plant serves the home appliance, agriculture, transportation, and general finishing industries.