PPG expands Malaysian plant operations to include non-stick and low friction coatings manufacturing

Rhea-AI Summary

PPG (NYSE:PPG) has expanded operations in Petaling Jaya, Malaysia to include the production of non-stick coatings for kitchenware, industrial bakeware, and low friction applications. The expansion provides additional capacity and testing services for regional customers. The facility now has five new production lines for both waterborne and solventborne coatings, enabling PPG to meet diverse customer needs. The plant will service customers in the energy sector with corrosion-resistant coatings for oil and gas applications. Additionally, the facility will offer PFAS-free coatings for kitchen and industrial bakeware industries, demonstrating PPG's commitment to sustainably advantaged solutions.

Positive

• Expansion of production capacity in Malaysia to meet growing regional demand
• Addition of five new production lines for waterborne and solventborne coatings
• Introduction of PFAS-free coatings for kitchen and industrial bakeware industries
• Increased capability to serve energy sector with corrosion-resistant coatings
• Enhanced customer support with new state-of-the-art testing laboratory

Negative

• None.

Insights

Industrial Manufacturing Expert

PPG's expansion in Malaysia represents a strategic move to capitalize on growing regional demand for non-stick and low friction coatings. The addition of five new production lines, including both waterborne and solventborne capabilities, significantly enhances PPG's product offering and market positioning in Asia Pacific.

This expansion is particularly noteworthy for its focus on sustainably advantaged solutions, especially PFAS-free coatings for kitchenware and bakeware. This aligns with increasing global regulatory pressure and consumer demand for safer, more environmentally friendly products. The facility's new testing laboratory also adds value, potentially accelerating product development and customer service capabilities.

While this news is positive for PPG's regional growth strategy, its immediate impact on the company's overall financial performance may be , given PPG's global scale ($18.2 billion in 2023 net sales). However, it positions PPG well for long-term growth in the rapidly developing Asian markets.

Market Research Analyst

This expansion signifies PPG's recognition of the burgeoning demand for specialized coatings in Asia Pacific. The move is timely, considering the region's rapid industrialization and growing middle class, which is driving increased consumption of kitchenware and industrial products.

The focus on the energy sector is particularly astute. With Asia's energy consumption projected to grow by 50% by 2050, according to the International Energy Agency, PPG's low friction coatings for oil and gas applications position the company to capture a significant market share in this high-growth sector.

Moreover, the emphasis on PFAS-free coatings aligns with a global market trend. As consumers become more health and environmentally conscious and regulations tighten, PPG's proactive approach could give it a competitive edge in the non-stick coatings market, potentially leading to increased market share and revenue growth in the medium to long term.

Expansion provides additional capacity, testing services for regional customers

PETALING JAYA, Malaysia--(BUSINESS WIRE)-- PPG (NYSE:PPG) today announced that it has expanded operations in Petaling Jaya, Malaysia to include the production of non-stick coatings for kitchenware, industrial bakeware and low friction applications. The plant now has additional capacity to support growing regional coatings demand as well as increased space dedicated to valuable services for customers, including a state-of-the-art testing laboratory.

“Our investment in this facility underscores our commitment to growth in the region,” said Irene Tasi, PPG senior vice president, Industrial Coatings. “We are proud to now offer customers in Asia Pacific more consistent and reliable supply along with additional value-added services. The capacity expansion in Petaling Jaya better equips us to meet the increasing demand for high performance non-stick and low friction coatings.”

The facility is now equipped with five new production lines for both waterborne and solventborne non-stick and low-friction coatings. This dual capability enables PPG to tailor solutions to meet a wide range of customer needs and product specifications.

With a focus on sustainably advantaged coatings solutions, the Petaling Jaya plant will service customers in the energy sector, as these low friction coatings offer a high degree of corrosion resistance and controlled torque required for oil and gas applications. Additionally, non-stick and decorative coatings produced at the plant will offer customers in the kitchen and industrial bakeware industries - coatings options that are made without PFAS.

“Our investment in the Petaling Jaya plant reflects our commitment to the growing number of customers based here that rely on our high-performance coatings,” said Denise Lu, PPG general manager, Industrial Coatings, Asia Pacific (excluding Greater China and Taiwan). “This expansion also demonstrates our dedication to expanding our portfolio of sustainably advantaged solutions, particularly for the kitchen and bakeware industries.”

For more information on PPG high performance non-stick and low friction solutions, visit https://www.ppg.com/industrialcoatings.

PPG: WE PROTECT AND BEAUTIFY THE WORLD®

At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and specialty materials that our customers have trusted for 140 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 70 countries and reported net sales of $18.2 billion in 2023. We serve customers in construction, consumer products, industrial, and transportation markets and aftermarkets. To learn more, visit www.ppg.com

The PPG Logo and We protect and beautify the world are registered trademarks of PPG Industries Ohio, Inc.

CATEGORY Industrial Coatings

View source version on businesswire.com: https://www.businesswire.com/news/home/20240829820384/en/

PPG Media Contact:

William Zhang

Corporate

+86 21 6091 8352

william.zhang@ppg.com

www.china.ppg.com

Source: PPG

FAQ

What new products will PPG manufacture at its expanded Malaysian plant?

PPG will manufacture non-stick coatings for kitchenware and industrial bakeware, as well as low friction coatings for various applications, including the energy sector.

How many new production lines has PPG added to its Petaling Jaya facility?

PPG has added five new production lines for both waterborne and solventborne non-stick and low-friction coatings at its Petaling Jaya facility.

What sustainable advantage does PPG offer for kitchen and bakeware industries?

PPG offers non-stick and decorative coatings for kitchen and industrial bakeware that are made without PFAS, demonstrating their commitment to sustainably advantaged solutions.

How will PPG's expansion in Malaysia benefit its customers in the region?

The expansion provides additional capacity, more consistent and reliable supply, and increased value-added services, including a state-of-the-art testing laboratory for regional customers.