Ppg Inds Inc Stock Price, News & Analysis

PPG's SICO® paint brand has announced its 2022 Colour of the Year, Cool Current (6199-42), a grey-green hue reflecting healing and nature's resiliency. With nearly half of Canadians planning home renovations, this colour aims to uplift living spaces post-pandemic. Shifts in consumer preferences show a move from neutral tones to more vibrant colours, as well as a trend toward creating individual spaces in homes due to remote work. PPG's Global Colour Forecasting Workshop highlighted themes of resilience and inspiration from nature, revealing a focus on personal expression in home design.

PPG's DULUX® Paints has announced Olive Sprig (DLX1125-4) as its 2022 Colour of the Year, reflecting a shift towards vibrant, healing tones in home decor. This sage green hue symbolizes tranquility and stability, addressing consumer desire for comfort post-pandemic. The new palette also introduces three themed colour stories: Invaluable, Introspective, and Inspired, emphasizing organic, rich colors. Additionally, the launch of Dulux DIAMOND DISTINCTION™ paint promises high durability and easy maintenance, enhancing the brand's offerings in Canada.

PPG's Glidden paint brand announces 'Guacamole' (PPG1121-5) as its 2022 Color of the Year, emphasizing the growing trend in home design for green tones. A survey revealed that 62% of Americans are open to using green paint in their homes, driven by a desire for calm and rejuvenation. Online searches for green paint have surged over 200% since 2020, reflecting this trend. The brand promotes affordability with its Glidden Premium interior paint and primer, widely available in major retail outlets. PPG's net sales reached $13.8 billion in 2020.

PPG has appointed Meri Vainikka as vice president of architectural coatings for EMEA, effective immediately. She will oversee the Tikkurila legacy business and collaborate with the integration team during the transition. Vainikka brings extensive experience from her time at Tikkurila and previous roles at notable brands including L’Oréal and Mars. She holds a Master of Science in Economics from the Helsinki School of Economics and pursued an MBA at the University of South Carolina. This leadership change aims to enhance PPG's operational effectiveness in the region.

PPG (NYSE: PPG) revised its sales volume expectations for Q3 2021 downward by $225 million to $275 million. This adjustment is attributed to commodity supply disruptions, including semiconductor shortages and logistics challenges in the U.S., Europe, and China. Additionally, raw material costs have risen by about $60 million to $70 million compared to previous estimates. The company has withdrawn its earlier financial guidance for Q3 and the full year, despite reporting robust global economic demand and efforts for price increases, estimated at around 5%.

PPG (NYSE: PPG) has announced a phased launch of PPG LINQ™, a pioneering digital solution for the global automotive refinish market. This platform aims to enhance customer experiences, partner relationships, and body shop operations. The rollout begins in early 2022, following the success of PPG MOONWALK™, its automated paint mixing system.

PPG LINQ facilitates cloud-based management, reduces environmental impact, and optimizes productivity. It also connects repair facilities with industry stakeholders, promoting efficiency and improved profitability.

PPG (NYSE:PPG) has launched the PPG Aerospace Academy Online, a virtual training program aimed at users of its aerospace products. The program offers nine coatings-related courses covering essential topics such as surface preparation and advanced technologies like basecoat/clearcoat systems. This initiative builds on PPG’s existing in-person academy, enhancing accessibility and flexibility for customers. According to Jonathan Love, the program allows participants to access industry-leading resources remotely, ensuring they remain updated on aerospace technologies.

PPG has unveiled its 2022 Color of the Year, Olive Sprig (PPG1125-4), a grey-green hue symbolizing regrowth and resilience in a post-pandemic world. The color reflects a shift in consumer preferences towards more vibrant, nature-inspired colors, moving away from stark neutrals. PPG’s color experts identified three themes for 2022: Invaluable, Introspective, and Inspired, each suggesting unique color palettes for various spaces. This embrace of color is expected to drive optimism in both residential and commercial design.