Net sales were up 4% year over year. PPG (NYSE:PPG) today reported net sales of $4.644 billion for the third quarter 2023, up 4% from $4.468 billion last year. Net income was $426 million, up 29% from $329 million in the third quarter of 2022. Tim Knavish, PPG chairman and chief executive officer, commented on […]
PPG, PPG Foundation Invest $2 million to Prepare Students for Skilled Trade Careers
PPG (NYSE: PPG) and the PPG Foundation today announced a commitment to invest $2 million through 2025 to support workforce development initiatives that provide training and opportunities for future skilled workers in manufacturing and coatings application. The commitment aims to introduce students to the diverse and high-tech career paths within modern industry and provide them […]
Tim Knavish Elected PPG Chairman and CEO
Michael McGarry to retire as Executive Chairman. PPG (NYSE:PPG) announced that its Board of Directors has unanimously elected PPG president and chief executive officer (CEO), Tim Knavish, 58, as chair of the company’s Board of Directors and CEO, effective Oct. 1. Knavish succeeds Michael McGarry, 65, who served as chairman and CEO from 2016 to […]
PPG Introduces New Sustainability CO₂NCEPT System to Help Auto Body Shops Reduce Energy, Waste and Emissions
PPG (NYSE:PPG) today announced the launch of the PPG Sustainability CO₂NCEPT system, a suite of products, processes, digital tools and consulting services designed to help body shops in Europe, Middle East and Africa (EMEA) markets reduce energy, waste and greenhouse gas emissions throughout the automotive repair process. “Like many industries, there is immense pressure for […]
PPG, PPG Foundation to Invest $5 million in Environmental Sustainability Education
PPG (NYSE:PPG) and the PPG Foundation today announced a commitment to invest $5 million by 2030 in environmental sustainability education. Aligning with PPG’s 2030 sustainability targets and priorities, the new commitment will strengthen support of the next generation of innovators and maximize the impact within communities where PPG operates. The company will support programs that […]
Collision Repair Education Foundation Announces Over $130,000 in Scholarships and Tool Grants
Nearly 90 collision repair students receive industry support facilitated by CREF. The Collision Repair Education Foundation (CREF) announced the recipients of its 2023 Scholarships and Tool Grants, funded through the generosity of a multitude of small and large industry partners. With the industry’s support, CREF funded over $130,000 in 2023 scholarships and tool grants, benefitting […]
PPG Inaugurates Automotive Color Development Center in Italy
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 […]
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