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. When completed, the […]
PPG Reports Lower First Quarter Sales as Pandemic Impacts Results
PPG (NYSE:PPG) 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 […]
PPG Commits Over $1.5 million to Support Global COVID-19 Relief Efforts
PPG (NYSE: PPG) and the PPG Foundation announced they 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. As part of PPG’s global COVID-19 response and support of crucial international and regional needs, grant recipients include: Feeding America: $150,000 […]
PPG Donates 80,000 Masks to Hospitals in Pittsburgh, New York, Cleveland, Detroit, Huntsville to Support Coronavirus Relief Efforts
PPG (NYSE:PPG) 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. A supply of 20,000 N95 masks were recently distributed to UPMC and Allegheny Health Network hospitals in Pittsburgh, PPG’s global headquarters community. An additional 50,000 surgical masks and 10,000 […]
Colours, Inc. Named PPG Automotive Refinish Platinum Distributor of the Year
PPG (NYSE:PPG) has named Colours, Inc., its automotive refinish 2019 Platinum Distributor of the Year. The annual award honors the distributor that demonstrates outstanding performance, loyalty, product knowledge, and customer service and support. John Parran, PPG director, Platinum Distributor program, U.S. and Canada, recently presented the award to Colours at the annual PPG Platinum Distributor […]
Tom Maziarz Named Vice President, Automotive Refinish, Americas at PPG
PPG (NYSE:PPG) announced the appointment of Tom Maziarz as vice president, automotive refinish, Americas, effective March 1. In this role, Maziarz will succeed Greg Benckart, who has announced his intent to retire, effective July 1. Maziarz, currently general manager, marketing and sales, automotive refinish, USCA, joined PPG in 1993 and has progressed through a variety […]
PPG Completes Acquisition of ICR
PPG (NYSE: PPG) today announced that it has completed its acquisition of Industria Chimica Reggiana (ICR) S.p.A., a manufacturer of paints and coatings for the automotive refinish and light industrial coatings industries, that was announced in early January. Financial terms were not disclosed. Founded in 1961, ICR is based in Italy and manufactures automotive refinish […]
PPG Foundation Supports Australian Bushfires Relief Efforts
PPG (NYSE:PPG) announced initiatives to support Australian bushfire relief efforts. The company will donate $50,000 (AU$72,432) to the Australian Red Cross to assist with emergency relief efforts. PPG has also committed to matching employee donations up to $25,000 (AU$36,193) for a total contribution of $75,000 (AU$108,625). Locally, PPG employees in Australia are working with retail […]
PPG Reports Fourth Quarter Sales Up Versus 2018
Reports above market refinish performance in U.S. and Canada. PPG (NYSE:PPG) 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 […]
PPG to Acquire Industria Chimica Reggiana
Italy-based automotive refinish coatings manufacturer sells products in more than 70 countries. PPG (NYSE:PPG) today announced that it has reached an agreement to acquire Industria Chimica Reggiana (ICR) S.p.A., a manufacturer of paints and coatings for the automotive refinish and light industrial coatings industries. The transaction is expected to close in the first quarter 2020, […]