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) has declared a quarterly dividend of 59 cents per share, scheduled for payment on June 10 to shareholders of record on May 10. This marks PPG's 495th consecutive dividend payment, emphasizing its long-standing commitment to returning value to shareholders. The company has raised its annual dividend payment for 50 consecutive years and has maintained uninterrupted annual dividends since 1899, showcasing its financial strength and stability.
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PPG has renewed its sponsorship of the Tasca Racing team for the 2022 NHRA season, featuring the FORD SHELBY MUSTANG Nitro Funny Car. The car will display PPG's livery at races in Epping, New Hampshire, and Mohnton, Pennsylvania. Bob Tasca III will compete in 22 events this season, continuing a partnership that has lasted over 25 years. PPG's products are used in Tasca's collision centers, highlighting a strong business relationship. PPG reported net sales of $16.8 billion in 2021 and operates in more than 75 countries.
PPG (NYSE: PPG) celebrated the completion of its 1,000th installation of the PPG MOONWALK™ automated refinish paint mixing system at Group Perez Rumbao's facility in Vigo, Spain. This innovative system enhances efficiency by saving labor, reducing waste, and improving paint quality. Key features include a barcode scanner, label printer, and a highly precise dispensing scale. The PPG MOONWALK™ has also received multiple awards, underscoring its significance in the automotive refinish market.
PPG has completed the acquisition of the powder coatings manufacturing business from Arsonsisi, an industrial coatings company based in Milan, Italy. The acquisition includes a powder manufacturing plant in Verbania, Italy, enhancing PPG's capabilities in the EMEA region. The Arsonsisi powder business generated approximately $15 million in sales in 2021. This aligns with PPG's strategy to invest in sustainable innovations, specifically expanding their powder coatings segment, which is known for low VOC emissions and high durability.
PPG (NYSE: PPG) has announced the divestiture of its business activities in Senegal, Ivory Coast, Cameroon, Gabon, and Algeria to Océinde, a Réunion-based industrial group. This agreement includes a licensing and distribution contract for the SEIGNEURIE® paint range. Océinde will take over the employees in these regions and strengthen its relationship with PPG, which has supplied specialty materials to Océinde. Both companies aim to enhance service delivery in the African market, benefiting from a long-term collaboration.
PPG announced details for its first quarter 2022 earnings release and teleconference call. The earnings release will take place on Thursday, April 21 after U.S. markets close, while the teleconference is scheduled for Friday, April 22 at 8 a.m. ET. Participants include CEO Michael H. McGarry, COO Tim Knavish, and CFO Vincent Morales. Dial-in registration is available online. A live webcast will be accessible via the PPG Investor Center, with a replay available post-call. PPG reported net sales of $16.8 billion in 2021.
PPG (NYSE: PPG) has announced the schedule for its first quarter 2022 earnings release and teleconference call. The earnings release will be issued on April 21, after U.S. stock market close. A teleconference is set for April 22 at 8 a.m. ET, featuring key company executives, including CEO Michael H. McGarry. Participants can register for the call online, and a live webcast will be available on the PPG Investor Center. Replay options will be accessible both via telephone and online after the event.
PPG has launched a new European Central Powder Coatings Research and Development Center in Milan, Italy, designed to enhance product development in sustainable powder coatings. This facility features a customer application center and advanced capabilities, emphasizing PPG's commitment to innovation and customer support. While financial details remain undisclosed, the center will serve as a hub for cross-technology R&D and strengthen PPG's position in the powder coatings market, which includes prior acquisitions like Alpha Coating Technologies and Wörwag.
PPG has announced that its patented PPG PSX™ polysiloxane coatings have achieved C4H certification under the ISO 12944-6:2018 standard for corrosion protection. This certification signifies long-term protection against corrosion in harsh environments, such as industrial and coastal areas, with an estimated durability of 15 to 25 years. The PSX technology requires fewer coats compared to traditional systems, leading to material cost savings and reduced environmental impact. The coatings are also ultra-high solids and isocyanate-free, meeting stringent emissions regulations.