Welcome to our dedicated page for Ppg Inds news (Ticker: PPG), a resource for investors and traders seeking the latest updates and insights on Ppg Inds stock.
PPG Industries Inc (NYSE: PPG) is a global leader in coatings and specialty materials, serving automotive, aerospace, and construction markets since 1883. This dedicated news hub provides investors and industry professionals with timely updates on corporate developments, financial performance, and technological innovations.
Access PPG's official press releases, earnings reports, and strategic announcements in one centralized location. Our curated collection includes updates on sustainability initiatives, product launches, and market expansions, enabling stakeholders to track the company's progress in key growth areas.
Key content categories span quarterly financial results, manufacturing advancements, environmental commitments, and leadership changes. All materials are sourced directly from PPG's corporate communications to ensure accuracy and compliance with disclosure regulations.
Bookmark this page for streamlined access to PPG's latest business developments. Combine our real-time updates with historical announcements to analyze long-term trends in the coatings industry and make data-driven decisions.
PPG has announced its first commercial sale of 3D printed components, providing Lockheed Martin (NYSE: LMT) with custom ramp seals for the C-130J Super Hercules military aircraft. The ramp seals were produced using PPG's patented ambient reactive extrusion (ARE) technology, which streamlines production and reduces costs by over 30%. This innovative additive manufacturing process minimizes material waste, enhances sustainability, and shortens time-to-market. PPG is enhancing its 3D printing capabilities in collaboration with Cosine Additive.
PPG has announced key appointments within its Automotive OEM and Industrial Coatings divisions, effective December 1, 2021. Thomas Li will become vice president of automotive coatings for the Asia Pacific, succeeding his role as general manager, while Emmanuelle Guerin transitions to vice president of automotive coatings for global auto parts. Xiaobing Nie will assume the role of vice president for industrial coatings in China and global consumer products. These leaders aim to drive growth through strategic initiatives and leverage their industry experience.
PPG (NYSE: PPG) received the 2021 Carnegie Science Award in the corporate leadership category on Nov. 5, 2021, in Pittsburgh. The award recognizes significant contributions to manufacturing, materials processes, and technology that benefit the Western Pennsylvania region. David Bem, PPG's VP of Science and Technology, accepted the award and highlighted PPG's commitment to innovation and community initiatives in STEM, COVID-19 relief, and social justice. The event also raised funds for educational programs at the Carnegie Science Center.
PPG has introduced its MY color solution, a unique app paired with self-adhesive paint swatches, allowing consumers to create customized color palettes. After downloading the app, users can photograph objects or colors online, which are then matched to PPG's HISTOR paint shades. Each color palette follows a 60-30-10 guideline for optimal room design. The app aims to simplify color selection by providing certainty in matching colors with existing home decor, thus resolving common challenges in the painting process.
PPG has inaugurated its new Packaging Coatings Innovation Centre in Bodelshausen, Germany, enhancing R&D capabilities to accelerate product development in various markets. This facility will strengthen PPG's leadership in non-bisphenol coatings for consumer packaging. The site centralizes product development and customer support for the Europe, Middle East, and Africa regions. PPG has also invested in new equipment that doubles production capacity for white lacquers while reducing energy consumption, marking a commitment to innovative, high-performance solutions.
Teledyne Technologies Incorporated (NYSE:TDY) has appointed Vincent J. Morales, the current CFO of PPG (NYSE:PPG), to its Board of Directors, effective November 1, 2021. This appointment increases the Board's total members to 11. Mr. Morales brings over 30 years of experience at PPG, where he advanced through various finance roles and has been CFO since March 2017. He was instrumental in PPG's strategic transformation. Teledyne specializes in advanced digital imaging, aerospace, and defense electronics.
PPG has expanded its coatings portfolio for wastewater facilities, enhancing solutions for various wastewater management processes. This includes offerings for collections, treatment, sludge handling, and disinfection. The new products stem from the acquisition of VERSAFLEX and include PPG RAVEN® and PPG AQUATAFLEX® coating systems. Each product provides tailored performance based on environmental conditions and substrate type, ensuring resistance against aggressive corrosion. Enhanced technical support and a new interactive guide are also part of this release.
The Board of Directors of PPG declared a quarterly dividend of
PPG (NYSE: PPG) has been awarded three 2021 R&D 100 Awards for its innovative coatings: PPG BFP-SE Battery Fire Protection, PPG ENVIROCRON™ Extreme Protection, and PPG HI-TEMP® 1027 HD. The BFP-SE coating enhances safety in electric vehicles by preventing battery fires. ENVIROCRON integrates thermal conductivity and dielectric protection, improving battery efficiency. HI-TEMP 1027 HD offers high-temperature corrosion resistance for construction projects. Additionally, LIQUID NAILS® FUZE*IT MAX® was a finalist in the awards.
PPG reported record third-quarter net sales of nearly $4.4 billion, a 19% year-over-year increase. Organic sales growth was driven by higher selling prices, which rose nearly 6%. However, reported earnings per diluted share (EPS) fell to $1.43, down 23% year-over-year. Supply chain disruptions and raw material cost inflation of about 25% negatively impacted sales and manufacturing costs. PPG plans share repurchases in Q4 and continues evaluating potential acquisitions to support growth.
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