PPG (NYSE: PPG) yesterday announced the introduction of PPG VisualizID advanced 3D visualization software and the PPG DigiMatch digital color camera for easier and faster color matching in body shops. The advanced tools are the latest components of the PPG LINQ end-to-end digital solution for the global refinish industry. With the PPG LINQ digital solution, […]
PPG Commits to Setting Science-Based Targets to Reduce Greenhouse Gas Emissions
PPG (NYSE:PPG) today announced that it has committed to setting near-term company-wide emission reductions in line with climate science through the Science Based Target initiative (SBTi), which is an organization that helps companies define their decarbonization strategy and reduce the impacts of climate change. PPG has an existing goal to reduce GHG emissions intensity by […]
PPG CEO Details Inflation’s Impact on Coatings Business in CNBC Interview
In an interview yesterday morning on CNBC embedded below, Michael McGarry, chairman and CEO of paint supplier PPG, detailed the dramatic impact of inflation on its business and how the company plans to counter it. McGarry explained that the company experienced 25% cost inflation in the U.S. during the first quarter. Asked by CNBC […]
PPG Reports First Quarter Net Sales of $4.3 billion
Overall sales up 11% over 2021. Inflation drives raw material costs up 25% year-over-year. PPG (NYSE:PPG) reported April 21 that it had record first quarter net sales of $4.3 billion for the first quarter 2022. The result was 11% higher than the previous year. Sales were up due to higher selling prices (+10%), lower sales […]
PPG Delivers 1,000th MoonWalk Automotive Refinish Mixing System
PPG (NYSE:PPG) announced that it has completed the 1,000th installation of its PPG MoonWalk automated refinish paint mixing system. The installation at Group Perez Rumbao’s facility in Vigo, Spain, was celebrated at a special event attended by representatives of both companies. The PPG MoonWalk system saves labor, reduces waste and transforms the refinish mixing room […]
ColorVision Receives PPG 2021 Platinum Distributor of the Year Award
PPG (NYSE:PPG) today announced that it has named ColorVision of Springfield, Mo., its Automotive Refinish 2021 Platinum Distributor of the Year. The annual award recognizes the distributor that demonstrates outstanding performance, extensive knowledge of PPG products and an unwavering commitment to serve and support its customers, key qualities that are fundamental to the PPG Platinum […]
Richard Goode Named Automotive Refinish Director, UK & Ireland at PPG
PPG Refinish UK & Ireland announced the retirement of Mark Clarke, Automotive Refinish Director, UK & Ireland and the appointment of Richard Goode to the position. After 45 years in the Vehicle Aftermarket, Clarke informed PPG of his intention to retire. Clarke joined PPG in 2006 and has since held a series of successful business […]
PPG to Acquire Powder Coatings Manufacturing Business of Arsonsisi
PPG (NYSE:PPG) announced that it has entered into an agreement to acquire the powder coatings business of Arsonsisi, an industrial coatings company based in Milan, Italy. The transaction is expected to close in the first quarter of 2022, subject to customary closing conditions. Financial terms were not disclosed. Arsonsisi is a leading supplier of specialty […]
PPG Reports Fourth Quarter Sales Up 12% from Last Year
Refinish volume improved but remain below pre-pandemic levels. PPG (NYSE:PPG) reported record fourth quarter 2021 net sales of approximately $4.2 billion, an increase of 12% versus last year that was negatively impacted by the pandemic. According to the company, while underlying demand in most end-use markets remained strong, fourth quarter results continued to be significantly […]
Tim Knavish Appointed Chief Operating Officer at PPG
PPG (NYSE:PPG) today announced the appointment of Tim Knavish, executive vice president, as chief operating officer, effective March 1, 2022. Knavish will have executive oversight responsibility for all of PPG’s strategic business units and operating regions and for the information technology (IT), environment, health and safety (EH&S), and procurement functions. He will remain based at […]
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