The Collision Repair Industry Foundation opened its 30-day National Virtual Golf Fundraiser last Friday. Announced in October, the Foundation is partnering with 90 I-CAR Volunteer Committees on the nationwide winter virtual golf fundraiser, exclusively sponsored by PPG Automotive. The event will run through Sunday, December 20. More information and registration are available online at the […]
PPG Reports Third Quarter Refinish Coatings Sales Down 10% Due to Pandemic Impact on Driving
PPG (NYSE:PPG) 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 […]
Andrea Giunta Named Vice President, Science and Technology, Color at PPG
PPG (NYSE:PPG) announced the appointment of Andrea Giunta as vice president, science and technology (S&T), color, effective Oct. 1. Reporting to David Bem, PPG vice president, S&T and chief technology officer, Giunta will lead the company’s corporate color organization and strategic color direction to enable activities such as automated color matching and digital color renderings. […]
Collision Repair Education Foundation Partners with 90 I-CAR Volunteer Committees on Fundraiser
Winter virtual golf fundraiser, sponsored by PPG, will benefit local collision repair school programs. To raise additional support for high school and college collision school programs, the Collision Repair Education Foundation (CREF) will be collaborating with 90 I-CAR Volunteer Committee groups nationwide on a winter virtual golf fundraiser, exclusively sponsored by PPG Automotive. More information […]
PPG Projects Strong Third Quarter Financial Results
PPG (NYSE:PPG) announced that its third quarter 2020 adjusted earnings per diluted share is expected to be between $1.90 and $1.94. This compares to adjusted earnings per diluted share of $1.67 in the third quarter of 2019. In addition, the company now anticipates that sales volumes versus the third quarter 2019 will be down about […]
PPG Launches Waterborne Refinish System in China
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. “PPG is at the forefront of compliance […]
PPG Supports Speedway Children’s Charities with Fireworks Display at Charlotte Motor Speedway
In support of Speedway Children’s Charities (SCC), PPG (NYSE: PPG) sponsored a spectacular preholiday fireworks display on July 1 at the Charlotte Motor Speedway. The fundraising event, part of the SCC’s Summer Drive-in Series, was a complete sellout as 1,000 cars, vans and pickups filled the track’s infield. A clear night sky and an almost […]
PPG Targets $170 Million Savings in Global Restructuring
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 […]