PPG’s coatings business is divided into three business units. Performance Coatings, which includes automotive refinish, aerospace, protective and marine, and architectural coatings Americas and Asia, saw sales grow $186 million, or five percent, in 2010 to $4.3 billion.
The Industrial Coatings unit, which includes automotive OEM, industrial coatings and packaging coatings increased sales 21 percent, or $640 million, in 2010 to $3.4 billion.
The Architectural Coatings – EMEA unit saw its sales decrease $78 million, or four percent, in 2010 to $1.9 billion.
On the acquisition front, in the fourth quarter of 2010 PPG acquired Bairun, a privately held packaging coatings company in southern China. In May 2011 PPG announced it would acquire European coatings manufacturer Dyrup A/S, based in Copenhagen, Denmark. Dyrup, which is one of Coatings World’s Top Companies, recorded sales of $273 million in 2010. Closing is expected in the third quarter.
Lastly, PPG recently announced in June 2011 it was acquiring Ducol Coatings, the company’s distributor of automotive refinish coatings in South Africa and Namibia.
During the year, PPG’s industrial coatings business opened the Shmaze Color Design Studio sponsored by PPG Trendcast, a facility near Irvine, CA, devoted to helping manufacturers and industrial designers accelerate color design and prototype development.
Another highlight occurred when PPG was selected as one of five industry partners in the Greater Philadelphia Innovation Cluster (GPIC), a five-year initiative designed to improve the energy efficiency of buildings in the U.S. The initiative is being funded in part by a $129 million grant from the federal government.
PPG began the operation of its Tianjin Aerospace Application Support Center during 2010. With a total investment of $2.1 million, PPG’s new aerospace applications support center is expanding the capacity of its aerospace business in China.
Also during the year, PPG launched the first use of its next generation B1:B2 waterborne paint technology in the U.S. The next generation B1:B2 (wet-on-wet) compact process technology is currently in production at the BMW assembly plant in Spartanburg, South Carolina. This marks the first use of a waterborne compact process in a U.S. automotive manufacturing plant, the company said.
The next generation B1:B2 technology allows the car manufacturer to reduce the number of steps necessary to paint a vehicle by moving the traditional primer application into the topcoat booth. This movement eliminates the dedicated primer booth and all related processing.
One highlight during the year saw PPG named a 2010 Automotive News PACE Award winner. The prestigious award recognizes automotive suppliers for superior innovation, technological advancement and business performance. PPG was recognized for its Super High Throw Electrocoat, which allows coatings to penetrate recessed, hard-to-reach areas and interior surfaces on a vehicle without leaving excess paint on the exterior surfaces. This innovation reduces weight and improves the efficiency of the electrocoat process. In one year, PPG and Toyota launched Super High Throw Electrocoat at 11 plants in North America and Europe. PPG won in the “Product” category, which recognizes innovations in new products, components or systems that have significant market impact and act as “game changers” in the automotive industry.