Newsroom
2018
12/29/2018
PPG awards more than 200 scholarships at 11 Chinese universities in 2018 through PPG University Talent Power Program
SHANGHAI, China, Dec. 29, 2018 –PPG (NYSE:PPG) recently announced that it granted in excess of RMB 750,000 ($110,000) in scholarships and science and technology innovation funds to more than 200 students from 11 Chinese universities as a part of its 2018 PPG University Talent Power Program. The company also expanded its career counseling services to 15 universities in 2018.
12/20/2018
PPG to Acquire Global Coatings Manufacturer Whitford Worldwide
PITTSBURGH, Dec. 20, 2018 –PPG (NYSE:PPG) recently announced that it has reached a definitive agreement to acquire Whitford Worldwide Company (“Whitford”), a global manufacturer that specializes in low-friction and nonstick coatings for industrial applications and consumer products. The transaction is expected to close in the first quarter 2019, subject to customary closing conditions. Financial terms were not disclosed.
12/14/2018
PPG to Invest in Automated Dispense Cell Manufacturing for Automotive Parts and Accessories
PITTSBURGH, Dec. 14, 2018 – PPG (NYSE: PPG) recently announced that it is increasing its investment in automated dispense cell manufacturing of paint and related coatings for the automotive parts and accessories decorative (APAD) space. Financial details are not being disclosed.
11/30/2018
PPG to invest $1.7 million in Kunshan, China, coatings manufacturing facility
KUNSHAN, China, Nov. 30, 2018 – PPG (NYSE: PPG) today announced a $1.7 million (RMB12 million) investment in a new dispense cell at its Kunshan, China, coatings manufacturing facility. The new cell, expected to be fully operational in January 2019, will increase production flexibility and productivity at the site, while also delivering significant cost savings, shortened delivery cycles and reduced emissions.
11/29/2018
PPG and Lomon Billions extend and expand titanium-dioxide supply relationship
PITTSBURGH, Nov. 29, 2018 – PPG (NYSE:PPG) and Lomon Billions recently announced an expanded, multi-year titanium-dioxide (TiO2) supply agreement. Under the agreement, Lomon Billions will supply additional quantities of chloride- and sulfate-based TiO2 to PPG from Lomon Billions’ existing manufacturing capacity. In addition, PPG has committed to purchasing additional supplies of chloride-based TiO2 from new manufacturing capacity that is currently being constructed by Lomon Billions and is expected to be on line in 2019. Lomon Billions is one of the world’s leading TiO2 suppliers. Commercial terms of the agreement were not disclosed.
11/26/2018
PPG highlights innovative coatings technologies for consumer electronics market at C-TOUCH & DISPLAY SHENZHEN 2018
SHENZHEN, China, Nov. 22, 2018 — PPG (NYSE:PPG) today announced that it will showcase its full range of coatings for consumer electronics display technologies at C-TOUCH & DISPLAY SHENZHEN 2018, Nov. 22 to 24 at the Shenzhen Convention & Exhibition Center.
11/1/2018
PPG Forecasts Growth in Green Automobiles in 2018 and Beyond
PITTSBURGH, Nov. 1, 2018 –PPG (NYSE:PPG) recently announced its automotive color trends data, noting a rise in popularity for green automobiles globally.
10/25/2018
PPG Announces Global Price Increase for Automotive OEM Coatings
PITTSBURGH, Oct. 11, 2018 –PPG (NYSE:PPG) recently announced a global price increase at an average of 10 percent depending on product line and region for all automotive original equipment manufacturer (OEM) products, including coatings, adhesives and sealants. The changes will take effect November 1, 2018, or as permissible by contract.
10/24/2018
PPG在广州南沙区成功举办“多彩社区”活动
中国广州，2018年10月23日 – 近日，PPG（纽约证券交易所代码：PPG）“多彩社区”活动在广州市南沙区成功举办，帮助美化了黄阁镇敬老院大门及周边围墙。“多彩社区”项目旨在通过员工志愿服务、涂料捐赠以及慈善捐助等方式，为PPG全球经营所在的社区带来色彩和活力。本次举行活动的广州市是PPG南沙工厂所在地，该工厂主要生产工业涂料。
10/24/2018
PPG completes COLORFUL COMMUNITIES project in Nansha District of Guangzhou, China
GUANGZHOU, China, Oct. 23, 2018 – PPG (NYSE:PPG) recently announced the completion of a COLORFUL COMMUNITIES™ project in the Nansha District in Guangzhou, China, that helped revitalize the gate and fence of the Huangge Senior Citizens Nursing Home. The Colorful Communities program provides PPG volunteers and products along with financial contributions to bring color and vitality to communities where the company operates around the world, such as in Nansha, where PPG has an industrial coatings facility.
10/23/2018
PPG公布2018年第三季度财报
- 第三季度净销售额约为38亿美元，同比增长1%，以当地货币结算的销售额同比攀升3%
- 持续经营业务每股摊薄收益为1.51美元
- 持续经营业务调整后摊薄每股收益为1.45美元
- 公司继续上调销售价格，并加快落实业务重组，在一定程度上抵消了原材料和物流成本持续攀升的不利影响
- 第三季度回购2.5亿美元的公司股票，年初至今股票回购金额达13亿美元
- 公司计划第四季度将斥资10亿美元用于收购项目和股票回购
10/23/2018
PPG Appoints Vincent Robin as President, Asia Pacific Region, and Vice President, Automotive OEM Coatings, Asia Pacific
PITTSBURGH, Oct. 23, 2018 –PPG (NYSE:PPG) recently announced the appointment of Vincent Robin as president, Asia Pacific region, effective January 1, 2019, in addition to his current role as vice president, automotive original equipment manufacturer (OEM) coatings, Asia Pacific. Robin will replace Mike Horton, current president, Asia Pacific region, and vice president, protective and marine coatings (PMC), who has announced his intent to retire, effective January 1.
10/23/2018
PPG Reports Third Quarter 2018 Financial Results
- Reported net sales of approximately $3.8 billion, up 1 percent versus the prior year and up 3 percent in constant currencies
- Reported earnings per diluted share from continuing operations of $1.51
- Adjusted earnings per diluted share from continuing operations of $1.45
- Continued to implement higher selling prices and execute restructuring actions, which partially offset persistent raw material and elevating logistics cost inflation
- Share repurchases of $250 million in the third quarter and $1.3 billion year to date
- Fourth quarter cash deployment target of $1 billion for acquisitions and share repurchases
10/11/2018
PPG Announces Global Price Increase for Automotive OEM Coatings
PITTSBURGH, Oct. 11, 2018 –PPG (NYSE:PPG) recently announced a global price increase at an average of 10 percent depending on product line and region for all automotive original equipment manufacturer (OEM) products, including coatings, adhesives and sealants. The changes will take effect November 1, 2018, or as permissible by contract.
8/30/2018
PPG to build new paint and coatings research and development center in Tianjin, China
TIANJIN, China, Aug. 29, 2018 – PPG (NYSE:PPG) today announced it has acquired land in Tianjin, China where it plans to build a new, state-of-the-art paint and coatings research and development (R&D) center. Plans for the facility, which will be located in the Tianjin Economical and Technological Development Area (TEDA) and is scheduled to be completed in 2021, are currently being finalized.
7/23/2018
PPG Reports Second Quarter 2018 Financial Results
PITTSBURGH, July 23, 2018 –PPG (NYSE:PPG) recently reported second quarter 2018 net sales of about $4.1 billion, up nearly 9 percent versus the prior year. Net sales in local currencies grew approximately 6 percent year-over-year aided by higher selling prices of more than 2 percent, sales volume growth of more than 3 percent and acquisition-related sales, net of divestitures, of nearly 1 percent. Favorable foreign currency translation improved net sales by more than 2 percent, or about $93 million.
7/16/2018
PPG Marks 135th Anniversary of Its Founding With NYSE Closing Bell Ceremony
PITTSBURGH, July 13, 2018 – PPG (NYSE:PPG) recently marked the 135th anniversary of its founding with Michael H. McGarry, PPG chairman and chief executive officer, and members of the company’s leadership team ringing the bell to signal the close of business on the New York Stock Exchange (NYSE).
7/13/2018
PPG waterborne coatings facilitate growth of China’s new-energy vehicle market
SHANGHAI, China, July 13, 2018 – PPG (NYSE:PPG) recently announced that it has become a featured provider of coatings and unique car colors for new-energy vehicles (NEV) manufactured by China’s leading automobile manufacturers, including SAIC General Motors, BYD, Weltmeister and Yudo Auto. NEVs featuring PPG coatings were introduced at the recent Auto China 2018.
7/13/2018
PPG completes COLORFUL COMMUNITIES project at Tianjin Economic-Technological Development Area
TIANJIN, China, July 12, 2018 – PPG (NYSE:PPG) recently announced the completion of a COLORFUL COMMUNITIES™ project that helped revitalize buildings and public spaces in Fortune Plaza at the Tianjin Economic-Technological Development Area (TEDA). The Colorful Communities program provides PPG volunteers and products along with financial contributions to bring color and vitality to communities where the company operates around the world, such as at TEDA, where PPG has an automotive and industrial coatings facility.
7/10/2018
PPG introduces next-generation PPG ENVIRO-PRIME 8000 electrocoat in China
TIANJIN, China, July 6, 2018 – PPG (NYSE: PPG) today announced the debut of PPG ENVIRO-PRIME® 8000 – a next-generation electrocoat (e-coat) primer – to automotive original equipment manufacturers (OEMs) serving the Chinese market.
6/1/2018
PPG highlights battery coating innovations at China International Battery Fair
SHENZEN, China, May 30, 2018 – PPG (NYSE:PPG) recently announced that it showcased its growing portfolio of battery coatings for battery electric and hybrid electric vehicles during the China International Battery Fair (CIBF), May 22-24, 2018, at the Shenzhen Convention and Exhibition Center in Shenzhen, China. CIBF is one of the world’s largest expositions for the battery and energy storage markets, comprising 4,500 booths from more than 1,500 exhibitors.
5/30/2018
PPG completes COLORFUL COMMUNITIES project in Suzhou
SUZHOU, China, May 28, 2018 –PPG (NYSE:PPG) recently announced the completion of a COLORFUL COMMUNITIES™ project that helped revitalize a community garden and nearby buildings in the historic Shishan community in Suzhou, Jiangsu Province, China. The Colorful Communities program provides PPG volunteers and products along with financial contributions to bring color and vitality to communities where the company operates around the world, such as in Suzhou, where PPG has manufacturing facilities for packaging coatings and powder coatings, an aerospace application support center and a technical center.
5/17/2018
PPG highlights versatile packaging coatings solutions at Cannex & Fillex Asia Pacific
GUANGZHOU, China, May 16, 2018 – PPG (NYSE:PPG) today announced that it will highlight its latest innovations in metal packaging coatings at Cannex & Fillex Asia Pacific in Guangzhou, China, May 15-18.
4/28/2018
PPG reports sustainability progress, new 2025 goals
PITTSBURGH, April 27, 2018 – PPG (NYSE:PPG) recently released its 2017 Corporate Sustainability Report, which details the company’s continued progress in strengthening its sustainable operations in 2017 and the launch of new, aggressive sustainability goals it aims to achieve by 2025. The report is available at sustainability.ppg.com.
4/25/2018
PPG reports first quarter 2018 financial results
- Net sales of approximately $3.8 billion, up nearly 9 percent versus prior year
- Reported earnings per diluted share from continuing operations of $1.38
- Adjusted earnings per diluted share from continuing operations of $1.39, up over 4% percent from prior year
- Momentum continues on achieving higher selling prices to offset inflation
- On-going cost management continued; selling, general and administrative costs declined by 140 basis points as a percentage of sales versus first quarter 2017
- Share repurchases of $600 million in the first quarter; commitment remains to deploy at least $2.4 billion on acquisitions and share repurchases in 2018
4/16/2018
PPG announces global price increase for protective and marine coatings
PITTSBURGH, April 13, 2018 – PPG (NYSE: PPG) recently announced that it is raising prices globally for protective and marine coatings products. The increases will take effect immediately or as existing customer contracts allow.
2/24/2018
PPG and the PPG Foundation invested $10.5 million in communities across the globe in 2017
PITTSBURGH, Feb. 24, 2018 – PPG (NYSE:PPG) recently announced that PPG and the PPG Foundation invested more than $10.5 million in communities worldwide in 2017. The funds, which support community sustainability and educational programming, will positively impact hundreds of community organizations in 29 countries where PPG employees live, work and play.
2/12/2018
PPG opens industrial wood coatings research and development lab at Springdale facility
Facility focuses on coatings development for flooring, cabinets, other interior building materials
PITTSBURGH, Feb. 8, 2018 – PPG (NYSE:PPG) recently announced the opening of a wood coatings research and development lab at its Springdale, Pennsylvania, facility. The lab is dedicated to developing industrial coatings for wood products, such as flooring, kitchen cabinets, millwork, molding and doors, used in the interior of commercial and residential buildings.
1/25/2018
PPG reports fourth quarter and full-year 2017 financial results
PITTSBURGH, Jan. 23, 2018 - PPG (NYSE:PPG) recently reported fourth quarter 2017 net sales of approximately $3.7 billion, up nearly 8 percent versus the prior year. Sales volumes increased by 3 percent year-over-year and selling prices improved sequentially for the third consecutive quarter, adding less than 1 percent to sales growth. Favorable foreign currency translation improved net sales by more than 3 percent, or about $115 million, and acquisitions-related sales, net of divestitures, added less than 1 percent to sales growth.
1/21/2017
PPG acquires automotive refinish coatings company Futian Xinshi
PITTSBURGH, Jan. 21, 2017 – PPG (NYSE:PPG) today announced that it has acquired certain assets of automotive refinish coatings company Futian Xinshi (Futian). Financial terms were not disclosed.