Innovative facility uses AI tools for color development and quality control. PPG (NYSE:PPG) announced that it has inaugurated a center of excellence at its Quattordio, Italy site that will increase the efficiency for automotive color development and application. The $2.6 million (€2.3 million) investment combines color development and application in a single process, reducing the […]
PPG to Reduce Carbon Emissions by 9,400 Metric Tons Annually with Renewable Energy Investment
PPG (NYSE:PPG) announced an agreement with NRG Energy Inc. (NYSE:NRG) brand Direct Energy that will enable four PPG paints and coatings manufacturing facilities and 62 PPG PAINTS stores in Texas to reduce their carbon footprint. According to the U.S. Environmental Protection Agency’s (EPA) greenhouse gas (GHG) equivalencies calculator, the initiative is estimated to reduce PPG’s […]
PPG Invests $44 million to Boost Global Powder Coatings Production
PPG (NYSE:PPG) announced a $44 million investment to upgrade five powder coating manufacturing facilities in the U.S. and Latin America. Collectively, the investment – $30 million for U.S. plants and $14 million for facilities in Latin America – is expected to increase overall capacity, add production capabilities for bonded metallic powders, improve processing times with automated […]
PPG Outlines Growth Framework at Investor Event
PPG (NYSE:PPG) today announced the company’s growth framework to deliver Purposeful, Profitable Growth. The company shared details of its organic growth framework and expectations for organic sales and adjusted earnings per share (EPS) growth. In addition, the company communicated the validation of its decarbonization targets by the Science-Based Targets initiative (SBTi). PPG president and chief […]
PPG Launches Paint Films Solutions for Automotive and Industrial Customers
PPG (NYSE:PPG) today announced that it will deliver paint and clear film solutions for automotive and industrial customers through PPG Advanced Surface Technologies, a new joint venture formed with entrotech, Inc., a provider of technology-driven film solutions. PPG retains a majority stake in the joint venture. Specific financial and ownership terms were not disclosed. Paint […]
Christine Camsuzou Name Vice President, Procurement and Chief Procurement Officer at PPG
PPG (NYSE:PPG) today announced that Christine Camsuzou, currently interim chief procurement officer (CPO), has been appointed vice president, procurement and CPO, effective immediately. Reporting to Ram Vadlamannati, senior vice president, operations, Camsuzou will be responsible for leading PPG’s global procurement team, processes and strategy. “Christine is a proven leader who has held many key regional […]
PPG Reports Record Sales of Nearly $4.4 Billion in First Quarter
Refinish coatings organic sales flat compared to last year. PPG (NYSE:PPG) yesterday reported net sales of $4.38 billion for the first quarter 2023, a record for the company and up 2% from 4.308 billion in the first quarter last year. According to the company, the year-over-year net sales change was the result of higher selling […]
NABC Partners with PPG to Raise Awareness About Distracted Driving
The National Auto Body Council (NABC) announced the launch of the second year of its campaign to raise awareness about distracted driving with the help of partner PPG (NYSE: PPG) and its NTT INDYCAR SERIES driver, Josef Newgarden. PPG will again work with NABC and utilize the star power of Newgarden, a two-time INDYCAR Champion, […]
PPG Raises First Quarter Financial Guidance
PPG (NYSE:PPG) yesterday announced that first quarter 2023 adjusted earnings per diluted share (EPS) is expected to be between $1.52 and $1.58, which exceeds the company’s previously communicated guidance of $1.10 to $1.20. “The pace of our operating margin recovery accelerated during the quarter, driven by higher sales volumes and additional selling price capture,” said […]
Wyoming Automotive Named PPG Platinum Distributor of the Year
PPG (NYSE:PPG) announced that it has honored Wyoming Automotive of Casper, Wyo., as its Automotive Refinish 2022 Platinum Distributor of the Year. The annual award recognizes distributors with exceptional service, loyalty, product knowledge and support as part of the PPG Platinum Distributor program. Natalie Scott, PPG director, PPG Platinum Distributor program, Automotive Refinish, U.S. and […]
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