Newsroom
2020
12/22/2020
PPG to acquire Tikkurila, a leading Nordic paint and coatings company
PITTSBURGH, Dec. 22, 2020 – PPG (NYSE: PPG) today announced that it has entered into a definitive agreement to acquire Tikkurila (NASDAQ OMX: TIK1V) in an all-cash transaction. Under the terms of the agreement, PPG will commence a tender offer to acquire all of the issued and outstanding stock of Tikkurila. Pursuant to the offer, Tikkurila shareholders will receive €25.00 in cash for each share of Tikkurila stock they own, for a total transaction value of approximately €1.1 billion, including the assumption of debt and cash. The transaction is expected to close in the second quarter of 2021, subject to customary closing conditions.
12/3/2020
PPG to acquire global coatings manufacturer Ennis-Flint
PITTSBURGH, Dec. 3, 2020 – PPG (NYSE:PPG) today announced that it has reached a definitive agreement to acquire Ennis-Flint, a global manufacturer of coatings with a broad portfolio of pavement marking products, including paint, thermoplastics and other advanced traffic technologies. The transaction, valued at approximately $1.15 billion, is expected to close within the next few months, subject to customary closing conditions.
12/1/2020
PPG completes COLORFUL COMMUNITIES project at Changxin Community in Changning District of Shanghai
SHANGHAI, Dec. 1, 2020 – PPG (NYSE:PPG) today announced the completion of a COLORFUL COMMUNITIES® project in the Changning District of Shanghai, China, that helped renovate the Changxin Community under the theme of “Better Home, Beautiful Community.” The project brought together more than 30 PPG volunteers and community representatives, who spent 60 hours creating a colorful and vibrant environment for 5,000 residents.
11/2/2020
PPG introduces PPG AQUACOVER waterborne coating system for shipping containers in China
KUNSHAN, China, Nov. 1, 2020 – PPG (NYSE: PPG) today announced the launch of the PPG AQUACOVER™ waterborne coating system for shipping containers in China. The offering was unveiled during the 20th anniversary celebration of the company’s protective and marine coatings (PMC) Asia Pacific research and development (R&D) center in Kunshan, Jiangsu Province, China, where the PPG Aquacover system was developed.
10/23/2020
PPG reports third quarter 2020 financial results
PITTSBURGH, October 22, 2020-- PPG (NYSE:PPG) today reported third quarter 2020 net sales of about $3.7 billion, down approximately 4% versus the prior year. Selling prices increased by 1.3%. Sales volumes were down about 5% versus the prior year, which reflect ongoing negative economic impacts of the COVID-19 pandemic. Acquisition-related sales added less than 1% to sales growth, and the year-over-year impact from foreign currency translation was minimal.
9/21/2020
PPG launches low-VOC waterborne coating system for China refinish market
SHANGHAI, Sept. 15, 2020 – PPG (NYSE: PPG) today announced that its automotive refinish business in China launched a new waterborne coating system consisting of an epoxy primer, primer surfacer and clearcoat. The system complies with new environmental and volatile organic compound (VOC) standards in China that will take effect in December 2020.
9/16/2020
Embrace nostalgic neutrals, simple comforts: PPG announces ‘Be Well’ 2021 Palette of the Year
PITTSBURGH, Sept. 16, 2020 – In an era where normal is no longer and mental and physical well-being have become more important than ever, consumers are craving simple comforts and a slowed-down lifestyle. Emulating both the optimism felt in nature and soothing nostalgia, the PPG 2021 Palette of the Year “Be Well” was unveiled recently, consisting of hues Transcend, Big Cypress and Misty Aqua.
9/7/2020
PPG completes COLORFUL COMMUNITIES project at Zhangjiagang White Cloud Primary School Houcheng branch in Jiangsu, China
ZHANGJIAGANG, China, Sept. 7, 2020 – PPG (NYSE:PPG) today announced the completion of a COLORFUL COMMUNITIES® project that helped revitalize the dance studio, reading room and exterior walls of the Zhangjiagang White Cloud Primary School Houcheng branch in Zhangjiagang, Jiangsu Province, prior to its reopening. The project brought together nearly 25 PPG voluteers who spent 50 hours creating a cozy and bright learning environment for the school’s 1200 students.
9/4/2020
PPG showcases eco-friendly paints and coatings at China Coatings Show 2020
SHANGHAI, Sept. 4, 2020 – PPG (NYSE: PPG) today announced that it showcased eco-friendly and high-performance coating products and technologies for a variety of markets at the China Coatings Show. The 2020 show was held at the Shanghai New International Expo Center, Sept. 2-4.
8/3/2020
TAUBMANS paint by PPG releases game-changing COLOURSMITH colour-creation technology
MELBOURNE, Australia, 3 Aug, 2020 – TAUBMANS® paint by PPG today released its revolutionary COLOURSMITH™ app and website, which allow consumers to create their own bespoke paint colours from a physical or visual source using a seamless integration of colour matching and visualisation technologies.
7/20/2020
PPG INNOVEL non-BPA packaging coatings selected for China’s iconic JDB herbal tea
SHANGHAI, July 20, 2020 - PPG (NYSE: PPG) today announced that China’s JDB Group selected PPG INNOVEL® non-bisphenol A (non-BPA) coatings for beverage cans for its iconic Jia Duo Bao (JDB) herbal tea.
7/17/2020
PPG-reports-second-quarter-2020-financial-results
PITTSBURGH, July 17, 2020-- PPG (NYSE: PPG) today reported second quarter 2020 net sales of $3.0 billion, down approximately 25% versus the prior year. Selling prices increased by nearly 2%. Sales volumes were down 24% versus the prior year. The lower sales volumes reflect the negative economic impacts of the COVID-19 pandemic. Unfavorable foreign currency translation impacted net sales by more than 3%, or about $135 million, and acquisition-related sales, net of divestitures, added less than 1% to sales growth.
6/10/2020
PPG Initiates Global Restructuring, Targeting $170 Million in Annual Savings
PITTSBURGH — June 10, 2020, PPG (NYSE:PPG) today announced that it has approved significant and broad restructuring actions to reduce its global cost structure. The company cited weakened global economic conditions stemming from the COVID-19 pandemic and related pace of recovery in a few end-use markets, along with further opportunities to optimize supply chain and functional costs.
6/9/2020
TAUBMANS paint by PPG collaborates with James Treble on historic home renovation
MELBOURNE, Australia, June 3, 2020 – TAUBMANS® paint by PPG today announced the brand’s collaboration with interior designer James Treble on a unique project to restore and renovate the historic Taubman’s House that was built around 1908 by the paint brand’s founder, George Henry Taubman.
5/21/2020
PPG, employee donations support school reopening programs in China
TIANJIN, China, May 21, 2020 - PPG (NYSE: PPG) today announced that employee and matching company donations totaling more than $60,000 (430,000 RMB) are supporting reopening programs at 18 schools in the Yunnan and Jiangxi provinces in China, bringing the company’s total financial support for COVID-19 response in that country to more than $203,000 (1.43 million RMB).
4/30/2020
PPG reports first quarter 2020 financial results
PITTSBURGH, April 30, 2020 – PPG (NYSE: PPG) today reported first quarter 2020 net sales of about $3.4 billion, down approximately 7% versus the prior year. Selling prices increased more than 1%. Sales volumes were down 8% versus the prior year, in aggregate, including an estimated impact of the COVID-19 pandemic of $225 million, or about 6%. Unfavorable foreign currency translation impacted net sales by more than 2%, or about $75 million, and acquisition-related sales, net of divestitures, added about 2% to sales growth.
4/23/2020
PPG continues sustainability progress to protect and beautify the world; publishes 2019 report
PITTSBURGH, April 23, 2020 – PPG (NYSE: PPG) today published its 2019 Sustainability Report, highlighting the company’s progress toward achieving its 2025 sustainability goals in key environmental, social and governance areas. The report is available at sustainability.ppg.com.
4/15/2020
PPG commits more than $1.5 million to support global COVID-19 relief efforts
PITTSBURGH, April 15, 2020 – PPG (NYSE: PPG) and the PPG Foundation today announced it will contribute more than $1.5 million to organizations supporting immediate community relief efforts and emerging recovery needs amid the impacts of the Coronavirus (COVID-19) crisis.
4/10/2020
PPG donates anti-bacterial coatings to Shanghai Tong Ren Hospital
SHANGHAI, April 10, 2020 – PPG (NYSE:PPG) today announced that it donated more than 290 gallons (1,100 liters) of MASTER’S MARK™ anti-bacterial interior latex coatings by PPG to Shanghai Tong Ren Hospital. The facility will use the coatings to renovate its medical laboratory, fever clinic, negative pressure isolation room and center of disease control.
3/31/2020
PPG to donate 80,000 masks to hospitals in Pittsburgh, New York, Cleveland, Detroit, Huntsville to support coronavirus relief efforts
PITTSBURGH Mar. 31, 2020 – PPG (NYSE:PPG) today announced that it will donate 80,000 masks to hospitals in Pittsburgh, New York, Cleveland, Detroit and Huntsville, Ala., in support of Coronavirus relief efforts.
3/3/2020
PPG, PPG Foundation Invested Nearly $12 Million in Communities Worldwide in 2019
PITTSBURGH Mar. 3, 2020 – PPG (NYSE:PPG) today announced that PPG and the PPG Foundation invested $11.8 million in communities worldwide in 2019. The funds supported community sustainability and educational programming, and highlight PPG’s commitment to supporting communities where its employees live, work and play.
2/26/2020
PPG completes COLOURFUL COMMUNTIES project at Kurrambee School in Sydney
MELBOURNE, Australia, February 19, 2020 – PPG (NYSE:PPG) today announced the completion of a COLOURFUL COMMUNITIES® project at Kurrambee School in Werrington, Sydney that revitalised the classrooms of the more than 100 special needs students who attend the school. The project brought together more than 45 PPG volunteers, who spent two days transforming the classrooms into fresh and engaging learning spaces.
2/24/2020
PPG, employees support coronavirus relief efforts in China
PITTSBURGH, Feb. 24, 2020 — PPG (NYSE:PPG) today announced initiatives to support coronavirus relief efforts in China. The company will donate $143,437 USD (1,000,000 RMB) to the Chinese Red Cross Foundation to assist with mid- to long-term recovery efforts, such as training, mental health assistance or other support for frontline health workers responding to the crisis. The funds also will be used to help vulnerable communities and families recover.
2/6/2020
PPG COLORFUL COMMUNITIES program receives 2019 Charity Project Award at ninth China Charity Festival
BEIJING, Feb. 6, 2020 – PPG (NYSE:PPG) today announced that its COLORFUL COMMUNITIES® program received the 2019 Charity Project Award at the ninth China Charity Festival for its outstanding contributions in the field of public and community welfare. PPG was the only chemical company to be honored with this award at the ninth China Charity Festival.
2/3/2020
PPG to showcase innovative aerospace products, services at Singapore Airshow
SINGAPORE, Feb. 3, 2020 – PPG (NYSE: PPG) today announced that it will highlight its full range of aerospace products and services at the Singapore Airshow at Changi Exhibition Centre in Singapore, Feb. 11-16, 2020.
1/21/2020
PPG reports fourth quarter and full-year 2019 financial results
PITTSBURGH, Jan. 21, 2020 — PPG (NYSE:PPG) today reported fourth quarter 2019 net sales of nearly $3.7 billion, up approximately 1% versus the prior year. Net sales in constant currencies grew about 2% year-over-year, aided by higher selling prices of almost 2%. Sales volumes declined nearly 3% versus the prior year. Unfavorable foreign currency translation impacted net sales by approximately 1%, or about $30 million, and acquisition-related sales, net of divestitures, added nearly 3% to net sales.
1/15/2020
PPG provides scholarships to more than 150 students at 10 universities in China
TIANJIN, China, Jan. 15, 2020 – PPG (NYSE: PPG) today announced that it granted scholarships and science and technology innovation funds to more than 150 students from 10 leading universities across China in 2019. The program is run in partnership with the nonprofit Give2Asia.
1/13/2020
PPG completes COLORFUL COMMUNITIES project in Changning District of Shanghai with unveiling of huge mural
SHANGHAI, Jan. 10, 2020 – PPG (NYSE:PPG) today announced the completion of a COLORFUL COMMUNITIES® project in the Changning District of Shanghai with an unveiling ceremony celebrating a huge mural. Named “Flowers & Doves,” the mural was painted on the exterior walls of two six-story residential buildings in the Changning District.