STOCK TITAN

PPG to Expand Production Capacity for PPG ISENSE Gloss Beverage Can Coatings at Delaware, Ohio, Plant

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

PPG (NYSE:PPG) is expanding its production capacity for overvarnish coatings at its Delaware, Ohio, plant, aiming to increase U.S. output by 40%. This investment addresses the rising global demand for beverage cans while enhancing supply chain security for customers. The new capabilities will ensure better batch consistency in production. PPG is the leading supplier of overvarnish and internal beverage coatings, employing around 400 people at the Delaware facility, which also produces resins and coatings for various markets.

Positive
  • 40% increase in overvarnish coating production capacity.
  • Enhanced supply chain security for beverage can manufacturers.
  • In-line analytical capabilities for improved batch consistency.
Negative
  • None.

PPG (NYSE:PPG) today announced that it is currently adding capacity for the production of overvarnish coatings for beverage can exteriors, including PPG ISENSE Gloss coatings, at its Delaware, Ohio, plant.

PPG expects the addition of the Delaware plant’s new volume to existing overvarnish capacity at its Oak Creek, Wisconsin, packaging coatings facility will increase the company’s overall production of overvarnish coatings in the U.S. by 40%.

“Beverage can manufacturers around the world are facing unprecedented demand for their products,” said Todd White, PPG general manager, U.S. and Canada, and global strategic accounts, packaging coatings. “With this added capacity, we are committed to helping them meet that demand while adding more security to their supply chain for beverage can coatings.”

In addition to increasing supply chain security for its customers and the packaging industry, the Delaware plant will provide in-line analytical capabilities for enhanced batch consistency.

“PPG is the largest global supplier of overvarnish and two-piece non-BPA internal beverage coatings,” said Robyn McMillan, PPG global beverage segment manager. “With can makers scaling up, we’re investing in our production capacity to ensure they have localized sources of the PPG coatings that they rely on.”

PPG’s Delaware, Ohio, plant employs approximately 400 people and produces resins and coatings for the packaging, industrial and automotive original equipment manufacturer (OEM) markets as well as the automotive refinish and collision market.

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 and iSense are trademarks and the PPG Logo is a registered trademark of PPG Industries Ohio, Inc.

CATEGORY Packaging Coatings

FAQ

What is the recent development announced by PPG?

PPG announced an expansion of its overvarnish coating production capacity at its Delaware, Ohio, plant.

How much will PPG increase its production capacity for overvarnish coatings?

PPG expects a 40% increase in overvarnish coatings production capacity in the U.S.

Why is PPG expanding its production capacity?

The expansion is in response to unprecedented global demand for beverage cans.

What benefits will the Delaware plant expansion provide?

It will enhance supply chain security and improve batch consistency through in-line analytical capabilities.

How many employees does PPG have at the Delaware plant?

PPG's Delaware, Ohio, plant employs approximately 400 people.

PPG Industries, Inc.

NYSE:PPG

PPG Rankings

PPG Latest News

PPG Stock Data

27.58B
231.49M
0.2%
85.1%
1.41%
Specialty Chemicals
Paints, Varnishes, Lacquers, Enamels & Allied Prods
Link
United States of America
PITTSBURGH