Michael H. McGarry, PPG Chairman and CEO12.05.22
Michael H. McGarry joined PPG in 1981 and assumed the role of CEO in 2015 and then chairman and CEO in 2016. He will become executive chairman on January 1, 2023.
CW: How did the market for paints and coatings fare in the latter half of 2022?
Michael H. McGarry: Despite macro-economic challenges, market forces are working in favor of our packaging coatings, aerospace and automotive original equipment manufacturer (OEM) coatings businesses, as PPG aims to deliver technical partnerships with our customers. In the third quarter of 2022, PPG experienced record net sales, good organic growth and increased pricing, with particular areas of our business fueling these trends, including our and global automotive refinish businesses and PPG COMEX in Mexico.
CW: Where are you seeing signs for optimism?
Michael H. McGarry: We are seeing improvement in raw materials availability and logistics, but we will continue to face continued challenges from COVID-19 restrictions in China. We expect our business portfolio to prove more resilient in the coming q
CW: How did the market for paints and coatings fare in the latter half of 2022?
Michael H. McGarry: Despite macro-economic challenges, market forces are working in favor of our packaging coatings, aerospace and automotive original equipment manufacturer (OEM) coatings businesses, as PPG aims to deliver technical partnerships with our customers. In the third quarter of 2022, PPG experienced record net sales, good organic growth and increased pricing, with particular areas of our business fueling these trends, including our and global automotive refinish businesses and PPG COMEX in Mexico.
CW: Where are you seeing signs for optimism?
Michael H. McGarry: We are seeing improvement in raw materials availability and logistics, but we will continue to face continued challenges from COVID-19 restrictions in China. We expect our business portfolio to prove more resilient in the coming q
Continue reading this story and get 24/7 access to Coatings World for FREE
FREE SUBSCRIPTION
