Welcome to our dedicated page for PPG Industries news (Ticker: PPG), a resource for investors and traders seeking the latest updates and insights on PPG Industries stock.
PPG Industries, Inc. develops and sells paints, coatings and specialty products for construction, consumer products, industrial, transportation and aftermarket customers. Company news commonly covers segment results in Global Architectural Coatings, Performance Coatings, Industrial Coatings, aerospace coatings, protective and marine coatings, Traffic Solutions, and packaging or automotive OEM coatings.
Recurring updates also include product and technology investments, such as radiation-curable coatings, protective systems for data center infrastructure, and R&D activity across regional laboratories. PPG news also addresses acquisitions that expand coatings lines, dividend declarations, shareholder meeting matters, leadership changes, digital transformation and operational efficiency initiatives.
PPG (NYSE: PPG) will showcase its innovative coatings for battery electric vehicles (EV) at the North American International Detroit Auto Show and The Battery Show from Sept. 13-15. Key highlights include PPG CORACHAR™ fire protection solutions that enhance safety and manufacturability, as well as advanced coatings technologies aimed at improving the production of Li-ion battery cells and modules. The company emphasizes its role in the automotive industry's transition to EVs, aiming to enhance driver safety and support sustainability goals.
PPG (NYSE: PPG) announced that Rebecca Liebert, executive vice president, will leave the company effective Sept. 16, 2022, for a new external opportunity. Liebert joined PPG in June 2018, significantly contributing to the automotive coatings segment and global procurement. Her leadership was commended by Michael McGarry, PPG's CEO, highlighting her role in driving company strategy. PPG is a leader in paints and coatings, with net sales of $16.8 billion in 2021, operating in over 75 countries.
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DULUX® Paints by PPG has named Vining Ivy (DLX1148-6) as its 2023 Colour of the Year, a teal hue symbolizing deep water. The brand emphasizes a shift towards bold, nature-inspired colors, reflecting a renewed appreciation for the environment post-pandemic. This trend features teals, earthen browns, and oranges that evoke energy and connection to nature. Dulux's 2023 palette also includes colors like Dark Granite and Cool Clay. Their DIAMOND DISTINCTION™ paint offers exceptional durability and ease of maintenance, enhancing the longevity of these colors.
PPG's SICO™ paint brand has named Melt Water (6156-63) as its 2023 Colour of the Year, reflecting a consumer desire for tranquility and stability in home interiors amid rising uncertainty. This new bluish-green shade symbolizes healing and balance, making it versatile for various design styles. PPG emphasizes that the colour promotes a mental reset post-pandemic. Other trending hues include deep greenish-gray and muted terracotta. The 2023 palette is available in the newly launched SICO PRESTIGE™ paint, designed for easy application and durability.
PPG's 2023 Color of the Year, Vining Ivy, is poised to influence styling across various industries, including cookware, consumer electronics, and office furniture. This deeper shade of green reflects a growing trend in biophilic design and aims to integrate nature into products. PPG has also launched a collection of three coordinating palettes named Reflection, featuring hues that evoke serenity, origin, and duality. With previous selections leaning towards softer greens, this year's decision signifies an increased market presence for vibrant green tones.
PPG plans to invest $9 million to expand its adhesives and sealants production line at its Temple, Texas facility, pending final negotiations with local authorities. This investment will create 12 jobs and support PPG's continued operations in the area. The Temple plant, known for manufacturing LIQUID NAILS and MULCO, produced approximately 48 million tubes in 2020. PPG operates nearly 30 locations in the Temple region and employs over 600 people in Texas, emphasizing its commitment to community growth.
PPG announced a significant investment of $11 million to double the production capacity at its powder coatings plant in location value="LU/mx.ch.sanjun" idsrc="xmltag.org"San Juan del Rio, location value="LC/mx" idsrc="xmltag.org"Mexico. This expansion, due for completion by mid-2023, aims to meet growing demand for powder coatings. New manufacturing technology will enhance production efficiency, improve service levels, and enable local manufacturing of innovative products, including ENVIROCRON® High Transfer Efficiency and Envirocron Extreme Protection Edge. This move reflects PPG's commitment to growth in Mexico and the powder coatings market.
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