PPG Invests $10 Million to Expand Automotive OEM Coatings Production in Germany

Rhea-AI Summary

PPG (NYSE: PPG) is investing over $10 million to expand its automotive OEM coatings production in Weingarten, Germany, with completion expected in Q2 2022. The 10,000 square foot facility addition will produce more than 5,000 metric tons of waterborne basecoats annually, enhancing production capabilities and sustainability. This initiative is part of a broader investment strategy across Europe aimed at reducing operational carbon emissions by over 1,000 metric tons of CO2 equivalent per year.

Positive

• Investment of over $10 million to strengthen production capabilities in Europe.
• Expansion will produce more than 5,000 metric tons of waterborne basecoats annually.
• Initiative aligns with sustainability goals by reducing operational carbon emissions.

Negative

• None.

Expansion will strengthen European production capabilities for sustainable, waterborne basecoat technology

WEINGARTEN, Germany--(BUSINESS WIRE)-- PPG (NYSE: PPG) today announced that it will invest more than $10 million (9 million euros) to expand production of automotive original equipment manufacturer (OEM) coatings at its site in Weingarten, Germany. Expected to be complete in the second quarter 2022, PPG is constructing a 10,000 square foot addition to its existing facility with a capacity to produce more than 5,000 metric tons of waterborne basecoats per year.

PPG will invest more than $10 million (9 million euros) to expand production of automotive original equipment manufacturer (OEM) coatings at its site in Weingarten, Germany. (Photo: Business Wire)

Waterborne technology replaces the solvents found in traditional basecoats with distilled water, providing less odor and improved air quality in the work environment for both PPG and its customers. This project is part of a series of investments PPG is making in its automotive OEM coatings production in Europe, including expanding basecoat production at its site in Valladolid, Spain, and the recently announced expansion of its clearcoat production in Erlenbach, Germany. These investments will help PPG lower its operational carbon footprint in total by more than 1,000 metric tons of CO2 equivalent per year.

“This is an important investment to strengthen our production capabilities in Europe and to ensure that we are leveraging our industry-leading waterborne technology to drive downstream sustainability, helping our customers meet their sustainability goals,” said Roald Johannsen, PPG vice president, automotive OEM coatings, Europe, Middle East and Africa. “Weingarten is a particularly strategic site due to its proximity to several of our key German OEM customers.”

“PPG has a long history of providing paints and coatings to help automotive manufacturers protect and beautify vehicles,” Johannsen said. “These investments in capabilities to produce more sustainable products, together with our focus on coatings for the next generation of electric vehicles, will ensure that we continue to create value for our automotive customers in the future.”

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 Automotive OEM Coatings

View source version on businesswire.com: https://www.businesswire.com/news/home/20220111005326/en/

PPG Media Contacts:

Mark Silvey

Corporate Communications

+1-412-434-3046

silvey@ppg.com

Andrew Wood

Corporate Communications, EMEA

+31 6 5121 6579

awood@ppg.com

www.ppg.com

Source: PPG

FAQ

What is PPG's recent investment in Weingarten, Germany?

PPG is investing over $10 million to expand its automotive OEM coatings production in Weingarten.

When is PPG's expansion in Weingarten expected to be completed?

The expansion is expected to be completed in the second quarter of 2022.

How much annual production capacity will the new facility in Weingarten have?

The new facility will have a capacity to produce more than 5,000 metric tons of waterborne basecoats per year.

What sustainability benefits does PPG's expansion project offer?

The project will help lower PPG's operational carbon footprint by more than 1,000 metric tons of CO2 equivalent per year.