Performance Coatings, which includes aerospace, architectural coatings Americas and Asia Pacific, automotive refinish, and protective and marine coatings operations, reported a sales in- crease of $345 million, or eight percent, to $4.626bn in 2011.
Industrial Coatings, which includes automotive OEM coatings, industrial coatings and packaging coatings operations, saw sales in- crease $450 million, or 12 percent compared to 2010, to $4.158bn.
Architectural Coatings-EMEA (Europe, Middle East and Africa) sales increased $230 million, or 12 percent, to $2.104bn in 2011.
During the year PPG made several acquisitions that expand its global footprint. First PPG purchased European coatings company Dyrup A/S based in Copenhagen, Denmark, from its owner, Monberg & Thorsen, a public holding company, for $44 million. Dyrup, a producer of architectural coatings and woodcare products, operates six manufacturing facilities throughout Europe, and its products are sold primarily in Denmark, France, Germany, Portugal, Poland and Spain through professional and do-it-yourself channels.
PPG also purchased the coatings businesses of Colpisa Colombiana de Pinturas and its affiliate, Colpisa Equador, for $38 million. Colpisa, based in Itagüi, near Medellin, was founded in 1973 and manufactures and distributes coatings for automotive OEM and refinish, industrial and architectural coatings customers in Colombia and Ecuador.
PPG then acquired the business of Ducol Coatings South Africa (PTY) Ltd., which has served as an importer and distributor of PPG’s automotive refinish products in South Africa since 2003. Ducol Coatings, based in Krugersdorp, northwest of Johannesburg, was formed in 1990 and has been active throughout South Africa and in Namibia.
During the year PPG also created PPG Management (Shang- hai) Co., Ltd. The new company, located in Shanghai, will act as business headquarters for PPG in China.
China continues to experience rapid growth, and PPG’s new country headquarters in Shanghai will help facilitate its business growth through the consolidation of China business and functional leaders together in the new location.
PPG first invested in China in the 1980s and today operates 14 manufacturing plants and two research and development centers throughout China.
In another high growth market, PPG and India’s largest coatings company, Asian Paints, expanded a current 50-50 joint venture and created a second to accelerate growth of the companies’ non-decorative coatings businesses in India.
The new Terminal B concourse at the Norman Y. Mineta San Jose International Airport in California is the first monumental architectural project constructed with Duranar powder coatings by PPG Industries industrial coatings business. Duranar powder coatings are formulated by PPG to provide the same long-term durability as Duranar liquid coatings, but in an environmentally advanced, ultra-low-VOC powder. They are based on the same polyvinylidene fluoride (PVDF) technology as liquid Du ranar coatings. Duranar Regal White powder coatings were applied to a series of curved, perforated metal panels that arc over the main Terminal B structure. The coating was specified by Fentress Architects, Denver, CO. Overly Manufacturing, Greensburg, PA, was the metal panel manufacturer and Spectrum Metal Finishing, Youngstown, OH, was the PPG Certified Applicator. Terminal B covers more than 160,000 square feet and is designed to accommodate up to 8.5 million passengers a year. The project earned LEED Silver certification from the U.S. Green Building Council (USGBC) in September 2010.
YEAR ESTABLISHED: 1883
REVENUE: $10.888 billion (2010:9.863bn)
• Aerospace coatings
• Automotive refinish
• Automotive OEM coatings
• Packaging coatings
• Architectural coating
• Protective and marine coatings
• Industrial coatings
Charles Bunch, chairman and CEO; J. Rich Alexander, executive vice president, global architectural coatings and Asia Pacific region; Pierre-Marie De Leener, executive vice president, aerospace, protective and marine coatings, and automotive refinish, and Latin America region; Michael Horton, president, PPG Asia Pacific, and vice president, auto-motive refinish and architectural coaitngs, Asia Pacific; Viktoras Sekmakas, senior vice president, industrial coatings and president, PPG Europe.