Content about PPG Industries

October 17, 2014

Pittsburgh-based PPG Industries’ third-quarter sales and earnings growth were aided by new technologies and North American economic expansion, said CEO Charles Bunch. 

The company reported third-quarter net sales from continuing operations of $3.94 billion, up 4%. Net income was $377 million, up from $226 million in the year-ago period. 

September 26, 2014

PPG Industries opened its regional headquarters for its architectural coatings business in the U.S., Canada and Puerto Rico. The facility is located in Cranberry Township, Pennsylvania, approximately 20 miles north of PPG’s global headquarters in Pittsburgh.

September 4, 2014

PPG Industries launched an updated global corporate marketing campaign aimed at increasing awareness of how it helps its customers in a wide range of markets with coatings innovations, sustainable solutions and color technologies.

September 3, 2014

PPG Industries has completed the sale of substantially all the assets of its Mount Zion, Illinois, glass manufacturing facility to automotive glass manufacturer Fuyao Glass America.

Financial terms were not disclosed.

Fuyao plans to rebuild and retrofit the facility’s two production lines to manufacture automotive glass. PPG will continue to operate the plant for up to one year, producing Sungate coated glass and clear glass.

July 21, 2014

PPG Industries is moving forward with its plans to sell the assets of its Mt. Zion, Illinois glass manufacturing facility to its partner of 13 years, glass manufacturer Fuyao Glass America Inc.

In Fuayo's hands, the facility (which currently manufactures glass for residential and commercial projects) will be retrofitted to produce automotive glass.

July 18, 2014

Following its agreement last month to acquire Consorcio Comex, Pittsburgh, Pennsylvania-based PPG Industries released what it called a record performance for its second quarter. 

PPG reported net sales from continuing operations of $4.08 billion, up 5.1% from $3.88 billion in the same quarter last year.

Net income increased 13.2% to $386 million. 

PPG announced June 30 it had reached an agreement to acquire Consorcio Comex, a leading Latin American architectural and industrial coatings company, in a transaction valued at $2.3 billion.

July 18, 2014

Michael H. McGarry, currently executive VP of Pittsburgh, Pennsylvania-based PPG Industries, has been appointed to the post of chief operating officer.

McGarry will have executive oversight responsibility for all of PPG’s strategic business units and operating regions and for the information technology (IT), environment, health and safety (EH&S), and purchasing functions. He will remain based at PPG’s global headquarters in Pittsburgh and will continue to report to Chairman and CEO Charles E. Bunch.

July 2, 2014

Continuing its trajectory of recent expansion, PPG Industries announced that its North American architectural coatings business has acquired Pittsburgh-based Masterwork Paint Company.

Masterwork is an independent architectural paint distributor with 13 stores throughout Western Pennsylvania, Ohio and New York.

June 30, 2014

PPG Industries has picked up where Sherwin-Williams left off.

The Pittsburgh-based paint and coatings giant PPG agreed to acquire Consorcio Comex, an architectural and industrial coatings company with headquarters in Mexico City, Mexico.

The transaction is valued at $2.3 billion.

June 6, 2014

PPG Industries' North American architectural coatings business is acquiring The Homax Group, Inc., a supplier of decorative wall and ceiling texture repair products part of the Olympus Partners portfolio.

Beyond aerosol drywall and ceiling texturing applications, Homax also supplies epoxy finishes, patching, caulking and mesh tape repair products, and other painting tools and accessories.

June 4, 2014

Home Depot will set the stage for the launch of a new 488-color palette from PPG Industries' Glidden brand.

As of June 1, the palette will be available to Home Depot customers nationwide as an intentional reflection of their preferences and behaviors.

April 25, 2014

A three-pronged approach to reaching the pro, including an expanded pro program at Home Depot, is the new brand strategy from Pittsburgh-based PPG Industries' branding makeover.

The company describes the new brand strategy as a way to better serve the professional customer. 

The three elements of the plan are:

April 21, 2014

The first quarter of 2014 was kind to PPG Industries' top-line revenue and its profits.

Net sales for the three months ended March 31 were $3.64 billion, up 17.1% year-over-year.

Profit from continued operations was $277 million, up roughly 45% from $191 million in the first quarter of 2013.

April 18, 2014

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April 3, 2014

Effective April 1, PPG Industries has named Dave Cole VP packagings coatings and Anup Jain VP specialty coatings and materials.

Jain was previously serving as VP silica products. In his new role, he will be responsible for the optical monomers and coatings and OLED/specialty synthesis businesses, as well as the photochromics R&D organization. He will continue to oversee PPG's silica products business.

Cole was formerly president of Transitions Optical, in which PPG owned a majority interest stake until just recently.

March 21, 2014

PPG Industries has taken a minority equity position in The Coatings Alliance, LLC via its North American architectural coatings business.

Under the terms of the deal, PPG will become the exclusive paint manufacturer for The Coatings Alliance, producing the TCA-owned C2 Paint brand. PPG will also act as an independent sales representative for C2 Paint to independent paint and decorating retailers throughout North America.

January 16, 2014

PPG Industries, the Pittsburgh-based coatings company, has promoted Kevin McDonald to the role of VP fiber glass.

Beginning March 1, McDonald will transition from his current role as PPG general manager, reinforcements and leader for fiber glass in the Americas and EMEA. He will succeed Thomas Kerr, who is retiring effective the same day.

January 7, 2014

PPG Industries has announced the hiring of Shelley Bausch as VP global industrial coatings, effective Jan. 16.

“We are delighted to welcome Shelley to PPG," said PPG executive VP Viktor Sekmakas, whom Bausch will report to. "Her broad experience in leading global businesses and her strong background in supply chain operations, marketing and product management will be assets to the industrial coatings business and PPG.”

September 10, 2013

PPG Industries has appointed Kevin Braun to the post of VP industrial coatings, a horizontal shift from his previous role as VP global raw materials and Americas purchasing.

“Kevin is a superb leader, who combines excellent product and manufacturing experience with a keen awareness of the industry and market trends,” said Viktor Sekmakas, executive VP, PPG.

Braun’s new post, effective immediately, was enacted to replace Richard Zoulek, who left the company.

August 26, 2013

PPG Industries has appointed Kevin Braun to its post of VP industrial coatings, a horizontal shift from his previous role as VP global raw materials and Americas purchasing.

“Kevin is a superb leader, who combines excellent product and manufacturing experience with a keen awareness of the industry and market trends,” said Viktor Sekmakas, executive VP, PPG.

Braun's new post, effective immediately, was enacted to replace Richard Zoulek, who left the company.

April 1, 2013

With this acquisition, PPG has expanded its reach in all three major North American distribution channels, including home centers, independent paint dealers and company-owned paint stores.

December 17, 2012

Pittsburgh-based PPG Industries reached a deal to acquire the North American architectural business of AkzoNobel, N.V., for $1.05 billion.

The acquisition includes the addition of about 600 AkzoNobel-owned paint stores, creating a combined network of about 1,000 company-owned stores serving the North American market.

September 5, 2012

A PPG Paint rep who claimed overtime for the hours he worked at several Lowe’s stores won $24,400 -- double his back pay -- in a Washington State court, according to a summary in the Washington Employment Law Letter. Counting the plaintiff’s attorneys’ fees, PPG Industries was ordered to pay $470,000 in a case that could reverberate through the aisles of big-box stores across the nation. 

April 24, 2012

Paint supplier PPG Industries reported net sales for the first quarter 2012 of $3.8 billion, an increase of 6% versus net sales of $3.5 million during the prior year's first quarter. Net income for the first fiscal quarter, which ended March 31, 2012, was $13 million, compared to $228 million a year ago. 

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