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 […]
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 […]
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