Newsroom
2016
12/16/2016
PPG enhances University Talent Power Program to provide career advice to college students in China
SHANGHAI, Dec. 13, 2016 – PPG (NYSE:PPG) successfully completed the 2016 University Talent Power Program in China recently. This year, the company provided more than RMB 470,000 in scholarships for 110 talented students in 11 Chinese universities. Also, PPG enriched the well-regarded program with the launch of the Career Intelligence Class, which provided professional quality and soft skills training for over 700 college students about to enter the workforce.
10/28/2016
PPG announces most popular automotive colors for 2016
PITTSBURGH, Oct. 27, 2016 – PPG (NYSE:PPG) today released its annual automotive color popularity data, which reveals consumers again preferred cars with a neutral color. More than 75 percent of 2016 vehicles built globally were white, black, gray or silver.
10/28/2016
PPG reports third quarter 2016 financial results
- Net sales of $3.8 billion and reported per-share loss of 75 cents
- Adjusted earnings per share of $1.56, up 1 percent including impact from unfavorable foreign currency translation
- Completed sale Oct. 1 of both European fiber glass and flat glass businesses
- Announced sale of 50 percent ownership interest in Asian fiber glass joint ventures
- Cash and short-term investments totaled approximately $1.0 billion at quarter-end
10/19/2016
PPG reaches agreement to divest its ownership interest in PFG fiber glass joint ventures
PITTSBURGH, Sept. 29, 2016 – PPG (NYSE:PPG) recently announced that it has reached an agreement to divest its 50 percent ownership interests in its two PFG Fiber Glass joint ventures (PFG) to Nan Ya Plastics Corp., which currently controls the other 50 percent ownership interest in the joint ventures. Nan Ya is affiliated with Taiwan-based Formosa Plastics Group. The transaction is expected to close by the end of 2016. Financial terms were not disclosed.
9/13/2016
PPG completes COLORFUL COMMUNITIES project at middle school in Kunshan, China
KUNSHAN, China, Sept. 12, 2016 – As part of its global community engagement efforts, PPG (NYSE:PPG) announced that it recently completed a COLORFUL COMMUNITIES™ project that helped to revitalize Lujia Middle School in Kunshan, 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
9/7/2016
PPG support helps SOLS 24/7 Malaysia establish Solar Lab in Kuala Lumpur
University-grade facility to provide practical experience for underserved students
KUALA LUMPUR, Sept. 6, 2016 – PPG today helped celebrate the opening of a solar laboratory in Kuala Lumpur, Malaysia, established by humanitarian organization SOLS 24/7 Malaysia. PPG contributed $50,000 to help SOLS 24/7 Malaysia outfit the new solar lab with cutting-edge equipment to train local underserved students through the Solar Academy program.
7/29/2016
PPG reaches agreement with Vitro for sale of flat glass operations
PITTSBURGH, July 29, 2016 – PPG (NYSE: PPG) recently announced that it has reached a definitive agreement to sell the assets of its flat glass manufacturing and glass coatings operations to Vitro S.A.B. de C.V., a leading producer of flat glass and specialty products. The transaction is expected to close by the end of 2016, subject to customary closing conditions.
7/28/2016
PPG reports second quarter 2016 financial results
- Second quarter net sales of $4.1 billion and reported earnings per diluted share of $1.37
- Second quarter adjusted earnings per diluted share of $1.85, up 11 percent year-over-year despite unfavorable foreign currency translation
- Fourteenth consecutive quarter of double-digit percentage growth in adjusted earnings per diluted share
- Second quarter sales increased more than 1 percent in local currencies versus prior year, led by Europe and Asia volume growth and acquisition-related sales
- Announced sale of European fiber glass business and acquisition of MetoKote Corporation
- Cash and short-term investments totaled $1.7 billion at quarter-end, aided by a 180 basis-point improvement in working capital as percent of sales versus prior year
7/12/2016
PPG shares sustainable practices with plant communities in China
SHANGHAI, July 11, 2016 – PPG (NYSE: PPG) recently showcased its sustainable practices for neighbors in the Tianjin, Zhangjiagang and Wuhu communities through “Eco Classroom” open-day events at three plants in China. Under the theme “Improve Environment Quality, Promote Green Growth,” these events attracted more than 160 attendees, including government officials, representatives from local enterprises and the media. This marks the seventh consecutive year that PPG has held open-day events in China.
6/15/2016
Establishes regional hub to serve automotive plastics and decorative accessories customers
TIANJIN, June 15, 2016 – PPG (NYSE:PPG) today held a ceremony marking the completion of a new $10 million coatings center of excellence at its existing complex in Tianjin. The new facility will serve regional customers in the automotive plastics and decorative accessories industry.
5/12/2016
PPG completes divestment of minority interest in automotive glass business with completed sale of Pittsburgh Glass Works
PITTSBURGH, May 11, 2016 – PPG (NYSE:PPG) announced recently, in connection with LKQ Corporation’s completed purchase of Pittsburgh Glass Works (PGW), that it has divested its approximately 40 percent minority ownership interest in PGW. LKQ announced the completed transaction recently.
5/5/2016
PPG sites in Asia Pacific region celebrate Earth Hour 2016
SHANGHAI, May 4, 2016 – PPG (NYSE:PPG) employees in the Asia Pacific region organized a variety of events to celebrate Earth Hour 2016. Nearly 2,000 employees from 16 sites participated in PPG’s fifth consecutive celebration of the annual event.
4/29/2016
PPG reports sustainability progress, updates 2020 goals
PITTSBURGH, April 29, 2016 –PPG (NYSE:PPG) today released its 2015 Corporate Sustainability Report, which details the company’s progress toward achieving its 2020 sustainability goals. The report is available at sustainability.ppg.com.
4/29/2016
PPG passive fire protection coatings lab awarded UL Witness Test Data Program certificate
KUNSHAN, China, April 28, 2016 – PPG (NYSE: PPG) announced that Underwriters Laboratories (UL), a global safety science organization, has awarded its passive fire protection (PFP) coatings lab in Kunshan, China, a certificate of participation in the UL Witness Test Data Program (WTDP). PPG is now the only coatings manufacturer in Asia Pacific certified to conduct fire-resistance testing compliant with UL1709 on furnaces in its own laboratory, under the supervision of UL personnel, as its physical resources, equipment and qualified personnel have been found equivalent to those of UL's laboratories.
4/28/2016
PPG reports record first quarter earnings per diluted share
- First quarter sales increased 4 percent in local currencies versus prior year, led by broadening European volume growth
- Reported net sales were consistent with prior year
- Record first quarter adjusted earnings per diluted share of $1.31, up 11 percent year-over-year despite unfavorable foreign currency translation
- Thirteenth consecutive quarter of double-digit percentage growth in adjusted earnings per diluted share
- Cash deployment continued; share repurchases of $150 million in the quarter
- Cash and short-term investments totaled $1.0 billion at quarter-end aided by working capital improvement
3/9/2016
Sylmar, CA, Mar. 9, 2016 – PPG’s (NYSE:PPG) aerospace business is recently offering Sealants Europe products in the Asia Pacific region through its application support center (ASC) network.
Sylmar, CA, Mar. 9, 2016 – PPG’s (NYSE:PPG) aerospace business is recently offering Sealants Europe products in the Asia Pacific region through its application support center (ASC) network. In the coming months, PPG will extend services to include stocking Sealants Europe products, right sizing packages, and conducting compliance testing.
3/3/2016
PPG to divest minority interest in automotive glass business with announced sale of Pittsburgh Glass Works
PITTSBURGH, Mar. 3, 2016 – PPG (NYSE:PPG) announced recently, in connection with LKQ Corporation’s announcement of its definitive agreement to purchase Pittsburgh Glass Works (PGW), that it will divest its approximately 40 percent minority ownership interest in PGW. LKQ announced that it expects the transaction to close in the second quarter 2016, subject to customary closing conditions.
2/29/2016
PPG (NYSE: PPG) recently marked the completion of a $7.8 million investment at its Coatings Innovation Center in Allison Park, Pennsylvania, just 20 minutes from its global headquarters in Pittsburgh.
PITTSBURGH, Feb. 26, 2016 –PPG (NYSE: PPG) recently marked the completion of a $7.8 million investment at its Coatings Innovation Center in Allison Park, Pennsylvania, just 20 minutes from its global headquarters in Pittsburgh.
1/28/2016
PPG shares sustainable practices at Beautiful China Environment Forum
BEIJING, Jan. 27, 2016 –PPG Industries (NYSE: PPG) recently attended and served as a chief sponsor of the fourth Beautiful China Environment Forum, an environmental protection event organized by the Ministry of Environmental Protection of the People’s Republic of China, the China Forum of Environmental Journalists and C-SR.net. Held in Beijing, the event attracted more than 120 participants including officials from the field of environmental protection, industry experts, executives of related enterprises and journalists.
1/27/2016
PPG reports fourth quarter and full-year results
- Fourth quarter net sales increased 7 percent in local currencies
- Quarterly sales volumes up nearly 2 percent, led by gains in Europe and Asia
- Record fourth quarter adjusted earnings per diluted share of $1.23, up 17 percent year-over-year despite unfavorable impact from foreign currency translation
- Full-year cash deployment of $1.15 billion including business acquisitions of over $400 million and share repurchases of $750 million
- Full-year net sales of $15.3 billion; sales up more than 7 percent year-over-year in local currencies
- Record full-year adjusted earnings per diluted share from continuing operations of $5.69, up 17 percent year-over-year
- Cash and short-term investments totaling $1.5 billion at year-end
1/12/2016
PPG launches University Talent Power Program
SHANGHAI, Nov. 17, 2015 – PPG Industries (NYSE:PPG) has launched the PPGUniversity Talent Power Program at the East China University of Science and Technology (ECUST) in Shanghai recently. The program provides comprehensive academic and career-related assistance to Chinese students, integrating scholarships, campus recruitment efforts and employment guidance. The kickoff ceremony attracted more than 200 students and faculty from ECUST and comprised a scholarship presentation, campus talk, campus recruitment, career guidance and experience sharing.
1/12/2016
PPG completes COLORFUL COMMUNITIES project in Zhangjiagang
ZHANGJIAGANG, China, Nov. 30, 2015 – PPG Industries (NYSE:PPG) today announced the completion of a COLORFUL COMMUNITIES™ project in Zhangjiagang, that helped to revitalize the Nansha Primary School as part of its global charitable-giving effort. The Colorful Communities program provides PPG employee volunteers and products along with financial contributions to bring color and vitality to communities where the company operates around the world. Launched earlier this year, the program increases PPG’s commitment to invest in communities by adding $10 million to support efforts made during a 10-year period.
1/11/2016
PPG marks completion of $20 million electrocoat center at Zhangjiagang facility
ZHANGJIAGANG, China, Jan. 8, 2016 – PPG Industries (NYSE: PPG) today held a ceremony marking the completion of a $20 million center for on-site electrocoat coatings blending at its resin manufacturing facility in Zhangjiagang, China.