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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 has launched the PPG SPECTRACRON® Splash, a revolutionary two-coat urethane system for composite bathtubs and sinks, offering unmatched durability and a range of customizable colors. This product aims to meet OEM demands for resilient surfaces in the kitchen and bath market. The system provides a protective topcoat that enhances gloss options and resists stains, chemicals, and abrasions, curing at high temperatures for a robust finish. Available globally, it marks a significant advancement from traditional white finishes.
PPG is recognized in Newsweek's 2022 America’s Most Responsible Companies list for the second year, improving its ranking by 42 spots to #88 overall. The evaluation considered thousands of companies across 13 subcategories. PPG excelled in environmental, social, and corporate governance (ESG)/b) metrics, ranking #11 in the Materials and Chemicals category. The company has made strides toward its 2025 sustainability goals, including a 35% reduction in waste disposal intensity and a 24% decrease in greenhouse gas emissions.
PPG has launched an expanded automotive OEM clearcoat production line at its Erlenbach, Germany facility, investing €3 million to nearly double capacity. This project utilizes advanced manufacturing technology to enhance operational efficiency, sustainability, and flexibility. The new facility enables faster production and accommodates multiple batch sizes, meeting the growing demand for premium clearcoats. PPG aims to strengthen its position as a top manufacturer in this sector, delivering durable and high-quality coatings that satisfy demanding OEM specifications.
PPG has appointed Irene Tasi as the new Chief Growth Officer, effective December 6, 2021. Tasi will spearhead PPG's growth initiatives, overseeing corporate strategy, marketing, and innovation. Reporting to CEO Michael McGarry, she brings over 20 years of experience from Masco Corporation, where she held various leadership roles, including president of Kichler Lighting. Tasi's background in strategic marketing and operational excellence aims to enhance shareholder value and customer satisfaction.
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.