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PPG Industries

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Company Headquarters

One Ppg Pl 40 East, Pittsburgh, Pennsylvania, 15272 USA

Driving Directions

Brand Description

PPG: WE PROTECT AND BEAUTIFY THE WORLD®

At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and specialty materials that our customers have trusted for more than 140 years. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 70 countries and reported net sales of $15.8 billion in 2024. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets.

Key Personnel

NAME
JOB TITLE
  • Timothy Knavish
    Chairman and Chief Executive Officer
  • Anne Foulkes
    Vice President and General Counsel
  • Vincent Morales
    Senior Vice President and Chief Financial Officer
  • Alisha Bellezza
    Senior Vice President, Automotive Coatings
  • David Bem
    Senior Vice President, Science and Technology and Chief Technology Officer
  • Henrik Bergstrom
    Senior Vice President, Architectural Coatings, Latin America, EMEA and Asia Pacific
  • Kevin Braun
    Senior Vice President, Operations
  • Amy Ericson
    Senior Vice President, Protective and Marine Coatings
  • Chancey Hagerty
    Senior Vice President, Automotive Refinish Coatings
  • Juliane Hefel
    Senior Vice President, Industrial Coatings and Specialty Products
  • Robert Massy
    Senior Vice President and Chief Human Resources Officer
  • Sam Millikin
    Vice President, Aerospace Coatings
  • Irene Tasi
    Senior Vice President, Chief Transformation Officer

Yearly results

Sales: 18.2 Billion

Markets Served: Aerospace, Architectural Coatings, Automotive OEM Coatings, Automotive Refinish, Industrial Coatings, Packaging Coatings, Protective and Marine Coatings, Specialty Coatings and Materials, Traffic Solutions

PPG is recognized and respected around the world as a leading paints, coatings and specialty materials manufacturer, providing technologically advanced solutions to meet even the most difficult challenges. PPG helps customers in industrial, transportation, consumer products, and construction markets and aftermarkets to enhance more surfaces in more ways than does any other company.

PPG has divested all Traffic Solutions operations in Australia and New Zealand to Geveko Markings, a pavement markings specialist headquartered in Sweden. Financial terms of the agreement were not disclosed.

PPG, under the ENNIS-FLINT by PPG brand, is a leading manufacturer and supplier of a broad range of traffic safety product solutions. The Traffic Solutions business was established by PPG in January 2021 following the December 2020 acquisition of Ennis-Flint.

“We are laser-focused on driving business growth, and we regularly review our portfolio to ensure we are in the best position to continue meeting our customers’ needs and growing profitably,” said Ed Baiden, PPG global general manager, Traffic Solutions. “We want to concentrate our investments on strategic growth areas so that we may continue to be a leader in the industry as a premier provider of traffic safety product solutions.”

PPG’s global technical facilities include:

  • Allison Park, PA, U.S.: Global Coatings Innovation Center
  • Oak Creek, WI, U.S.; Elverson, PA, US; Springdale, PA, US; Cieszyn, Poland; Marly, France; Runcorn, UK; Milan, Italy; Felizzano, Italy; Ulsan,
  • Korea Petaling Jaya, Malaysia; Pawane, India; Zhangjiagang, China; Tianjin, China: Industrial Development Labs
  • Bodelshausen, Germany; Milford, OH, U.S.: Packaging Research
  • Burbank, CA, U.S.: Aerospace Research
  • Mexico: Comex Research
  • Sumare, Brazil: Customer Application Lab
  • Marly, France; Ingersheim, Germany; Quattordio, Italy

Automotive OEM Research Centers

  • Amsterdam, the Netherlands: Architectural/Protective and Marine Coatings Research Center
  • Milan, Italy: Automotive Refinish Research
  • Busan, South Korea: Customer Application Lab
  • Tianjin, China: Global Competitive Sourcing Lab and Customer Application Lab
  • Clayton, Australia: Customer Application Lab
  • Klingenberg, Germany and Jilin, China: Automotive OEM research centers
  • Zhangjiagang, China: Coatings Application Innovation Center

2023 Success Story

PPG to build new paint and coatings manufacturing facility in Tennessee as part of $300 million investment in advanced manufacturing in North America.

PPG recently announced it will invest $300 million in advanced manufacturing in North America to support increased demand for paints and coatings in the automotive industry. These investments will commence in 2024 and span a four-year period.

As part of the initiative, PPG will build a new paint and coatings manufacturing plant in Loudon County, Tennessee. The 250,000-square-foot facility, PPG’s first new manufacturing plant to be built in the U.S. in more than 15 years, will initially produce paints and coatings products and solutions for automakers and automotive parts suppliers.

The facility could eventually supply other industrial segments, including transportation, heavy duty equipment, building and construction, and consumer products. Once fully operational, the facility will employ approximately 130 full-time employees and produce more than 11 million gallons of paint and coatings annually. Construction of the facility will begin in August 2024 and is expected to be completed in 2026.

PPG’s advanced manufacturing investments will also enhance and expand activities at existing facilities in Cleveland, Ohio and San Juan Del Rio, Mexico. The investments cover new equipment and processes that will increase manufacturing efficiencies, resulting in improved processing times, and will expand PPG’s capabilities to meet growing demand for sustainable solutions, such as waterborne coatings. The investment represents a strategic, growth-focused investment for PPG, but does not represent a change in the company’s overall capital investment spending levels, which will be consistent with prior years.

Sales: 17.7 Billion

Markets Served: Aerospace, Architectural Coatings, Automotive OEM Coatings, Automotive Refinish, Industrial Coatings, Packaging Coatings, Protective and Marine Coatings, Specialty Coatings and Materials, Traffic Solutions

PPG is recognized and respected around the world as a leading paints, coatings and specialty materials manufacturer, providing technologically advanced solutions to meet even the most difficult challenges.

PPG’s Performance Coatings (61% of 2022 net sales) and Industrial Coatings’ (39% of sales) reportable segments supply coatings and specialty materials for customers in a wide array of end-use markets, including industrial equipment and components; packaging material; aircraft and marine equipment; automotive original equipment; as well as for other industrial and consumer products. In addition to supplying coatings to the automotive OEM market, PPG supplies refinishes to the automotive aftermarket. PPG also serves commercial and residential new build and maintenance markets by supplying coatings to painting and maintenance contractors and directly to consumers for decoration and maintenance. PPG operates more than 150 manufacturing locations in more than 70 countries.

2022 Success Story

By Tim Knavish, president and chief executive officer

As part of our promise to deliver on our purpose – We Protect and Beautify the World – PPG has set ambitious 2030 environmental, social and governance (ESG) goals that will guide our continued efforts. We’ve established a stronger focus on decarbonization, including 2030 emissions reduction targets that have been validated by the Science Based Targets initiative (SBTi). PPG has committed to reduce absolute emissions from its own operations (scope 1 and 2) by 50% by 2030 from a 2019 base year. PPG also committed to reduce absolute scope 3 GHG emissions from purchased goods and services, processing of sold products, and end-of-life treatment of sold products by 30% within the same timeframe.

These targets include PPG’s first scope 3 emissions reduction target, an ambitious goal that will require working with partners throughout our value chain to collaborate on greenhouse gas reduction strategies. These targets will provide a clear pathway to a low carbon future, aligning with the Paris Agreement and the emissions reductions required for a 1.5 degrees C future for our scope 1 and 2 greenhouse gas emissions and a well below 2 degrees C future for our scope 3 emissions. With validated science-based targets, we plan to invest additional resources to support an ambitious and consistent reduction in emissions from our own operations (scope 1 and 2). We are also planning to devote additional funding to renewable energy sources and identifying cleaner energy solutions. Our efforts to reduce greenhouse gas emissions across our value chain will include evaluating more circular and renewable raw materials, collaborating with suppliers to lower their emissions footprint, and innovating new lower fossil carbon solutions for our customers. Learn more at ppg.com/sustainability.

Our more than 52,000 employees around the world work hard every day to make it happen for our customers. PPG is poised to leverage our diverse business portfolio to deliver industry-leading growth. Going forward, we will intentionally invest in focused growth opportunities that enhance our customers’ productivity and sustainability, elevate our customer relationships and expand PPG’s technology leadership positions in the coatings industry.

Sales: 16.8 Billion

Markets Served: Aerospace, Architectural Coatings, Automotive OEM Coatings, Automotive Refinish, Industrial Coatings; Packaging Coatings; Protective and Marine Coatings; Specialty Coatings and Materials; Traffic Solutions

PPG is recognized and respected around the world as a leading paints, coatings and specialty materials manufacturer, providing technologically advanced solutions to meet even the most difficult challenges.

PPG helps customers in industrial, transportation, consumer products, and construction markets and aftermarkets to enhance more surfaces in more ways than does any other company.

PPG’s Performance Coatings and Industrial Coatings’ reportable segments supply coatings and specialty materials for customers in a wide array of end-use markets, including industrial equipment and components; packaging material; aircraft and marine equipment; automotive original equipment; as well as for other industrial and consumer products. In addition to supplying coatings to the automotive OEM market, PPG supplies refinishes to the automotive aftermarket. PPG also serves commercial and residential new build and maintenance markets by supplying coatings to painting and maintenance contractors and directly to consumers for decoration and maintenance. PPG operates more than 150 manufacturing locations in more than 70 countries.

2021 Success Story

Michael McGarry: While 2021 presented many challenges, including the ongoing COVID-19 pandemic, global supply disruptions, raw material scarcity, labor shortages and unprecedented cost inflation, one thing remained certain: PPG’s steadfast commitment to our sustainability journey, guided by our purpose: We Protect and Beautify the World.

As an industry leader for nearly 140 years, we have experienced difficult times before, and we always find a way forward. We know that these challenges often underscore the importance of a sound, sustainable business strategy that includes a comprehensive, well-defined environment, social and governance strategy.

From furthering the equity of communities where we live and work, to operating safe, healthy facilities, to developing paints, coatings and specialty materials that help to extend the life of our customers’ most valued assets, our commitment to sustainability shined bright last year.

Our more than 50,000 employees globally made it happen, and helped to deliver against our progress, including the achievement of: • 38% of sales from sustainably advantaged products, totaling approximately $6.3 billion; • 37.5% reduction in waste disposal intensity from a 2017 baseline; • 40% of locations achieving zero waste-to-landfill status; • 90% of locations with 50 or more employees with a wellness program; • $8.7 million invested in COLORFUL COMMUNITIES since 2016; and • $7.4 million invested to advance racial equity through educational pathways for Black communities and people of color.

While we achieved solid progress last year, I also recognize the many opportunities in front of us during this defining moment to reverse the detrimental effects of climate change. As part of our efforts to help protect the planet from warming more than 1.5 degrees Celsius, we have committed to the Science-Based Target Initiative and plan to announce new, aggressive sustainability targets that will define PPG’s decarbonization strategy going forward. As a trusted partner to our customers, we will also continue to innovate and operate in ways that further our customers’ sustainability goals, contribute to the circular economy, and continue to reduce our overall environmental impact.

Sales: 13.8 Billion

Markets Served: Aerospace, Architectural Coatings, Automotive OEM Coatings, Automotive Refinish, Industrial Coatings, Packaging Coatings, Protective and Marine Coatings, Specialty Coatings and Materials, Traffic Solutions

PPG is recognized and respected around the world as a leading paints, coatings and specialty materials manufacturer, providing technologically advanced solutions to meet even the most difficult challenges. PPG helps customers in industrial, transportation, consumer products, and construction markets and aftermarkets to enhance more surfaces in more ways than does any other company. The company employs 46,900 people worldwide. PPG reported net sales of $13.8 billion in 2020. In 2020, Industrial Coatings comprised 39% of net sales, with Performance Coatings as 61% of net sales.

PPG’s Performance Coatings and Industrial Coatings reportable segments supply coatings and specialty materials for customers in a wide array of end-use markets, including industrial equipment and components, packaging material; aircraft and marine equipment; automotive original equipment; as well as for other industrial and consumer products. In addition to supplying coatings to the automotive OEM market, PPG supplies refinishes to the automotive aftermarket. PPG also serves commercial and residential new build and maintenance markets by supplying coatings to painting and maintenance contractors and directly to consumers.

PPG operates more than 150 manufacturing locations in more than 70 countries. Its global technical facilities include:

  • Allison Park, PA, US: Global Coatings Innovation Center
  • Oak Creek, WI, US; Elverson, PA, US; Springdale, PA, US, Strongsville, OH, US; Cieszyn, Poland; Marly, France; Runcorn, UK; Milan, Italy;
  • Felizzano, Italy; Ulsan, Korea; Petaling Jaya, Malaysia; Pawane, India; Zhangjiagang, China; Tianjin, China: Industrial Development Labs
  • Bodelshausen, Germany; Milford, OH, US: Packaging Research
  • Burbank, CA, US: Aerospace Research
  • State of Mexico: Comex Research
  • Sumare, Brazil: Customer Application Lab
  • Marly, France; Ingersheim, Germany; Quattordio, Italy: Automotive OEM Research Centers
  • Amsterdam, the Netherlands: Architectural/Protective and Marine Coatings Research Center
  • Milan, Italy: Automotive Refinish Research
  • Busan, South Korea: Customer Application Lab
  • Tianjin, China: Global Competitive Sourcing Lab andCustomer Application Lab
  • Clayton, Australia: Customer Application Lab
  • Klingenberg, Germany and Jilin, China: Automotive OEM research centers
  • Zhangjiagang, China: Coatings Application Innovation Center.

Key Happenings in 2020
PPG made a number of key acquisitions in the past year:

  • Tikkurila, a well-known supplier of decorative paints and painting-related products in the Nordic countries.
  • Ennis-Flint, a global leader in pavement markings and traffic safety solutions.
  • VersaFlex, a manufacturer specializing in polyurea, epoxy and polyurethane coatings.
  • ICR, a manufacturer of automotive and light industrial paints and coatings.
  • Alpha Coating Technologies, which produces powder coatings for light industrial applications and heat-sensitive substrates.
  • Wörwag, a global manufacturer of coatings for automotive and industrial applications.

Sales: 15.1 Billion

Markets Served: Aerospace, Architectural coatings – Americas and Asia Pacifi,; Architectural coatings – Europe, Middle East and Africa; Automotive OEM coatings, Automotive Refinish; Industrial coatings, Packaging coatings, Protective and Marine coatings, Specialty coatings and materials

PPG is recognized and respected worldwide as a leading paint, coatings and specialty materials manufacturer, providing technologically advanced solutions. PPG helps customers in industrial, transportation, consumer products, and construction markets and aftermarkets to enhance more surfaces.

PPG reported net sales of $15.1 billion in 2019. Industrial Coatings comprised 40 percent of net sales, with Performance Coatings comprising 60 percent of net sales.

PPG’s Performance Coatings and Industrial Coatings reportable segments supply coatings and specialty materials for customers in a wide array of end-use markets, including industrial equipment and components, packaging material; aircraft and marine equipment; automotive original equipment; as well as for other industrial and consumer products. In addition to supplying coatings to the automotive OEM market, PPG supplies refinishes to the automotive aftermarket. PPG also serves commercial and residential new build and maintenance markets by supplying coatings to painting and maintenance contractors and directly to consumers for decoration and maintenance.

PPG operates in 70+ countries worldwide. Key global technical facilities include:

  • Allison Park, Penn.: Global Coatings Innovation Center
  • Oak Creek, Wisc.: Industrial Customer Application Lab
  • Milford, Ohio: Packaging Research
  • Burbank, Calif.: Aerospace Research
  • Mexico City, Mexico: Comex Research
  • Sumare, Brazil: Customer Application Lab
  • Marly, France; Ingersheim, Germany; Quattordio,  Italy Automotive OEM Research Centers
  • Amsterdam, the Netherlands: Architectural/Protective and Marine Coatings Research Center
  • Milan, Italy: Automotive Refinish Research
  • Busan, South Korea: Customer Application Lab
  • Tianjin, China: Global Competitive Sourcing Lab and Customer Application Lab
  • Clayton, Australia: Customer Application Lab
  • Milan, Italy: Automotive Refinish Research
  • Busan, South Korea: Customer Application Lab
  • Tianjin, China: Global Competitive Sourcing Lab and Customer Application Lab.

Key Happenings in 2019

  • March 2019: Acquired Whitford Worldwide Company, a global manufacturer that specializes in low-friction coatings for industrial applications.
  • April 2019: Acquired Hemmelrath, a global manufacturer of coatings for automotive original equipment manufacturers (OEMs).
  • August 2019: Acquired Dexmet Corporation, a manufacturer of specialty materials for surfaces in aerospace, automotive and industrial applications.
  • November 2019: Acquired Texstars, LLC, a manufacturer of high-performance transparencies, wingtip lenses and plastic components for aerospace and defense vehicles, and a leader in advanced transparent coatings.
  • February 2020: Acquired Industria Chimica Reggiana (ICR) S.p.A., a manufacturer of paints and coatings for the automotive refinish and light industrial coatings industries.
  • March 2020: Acquired Alpha Coating Technologies, LLC, a manufacturer of powder coatings for light industrial applications and heat-sensitive substrates.

Sales: 15.4 Billion

Markets Served: Aerospace, Architectural coatings – Americas and Asia Pacific, Architectural coatings – Europe, Middle East and Africa; Automotive OEM coatings, Automotive Refinish; Industrial coatings, Packaging coatings, Protective and Marine coatings, Specialty coatings and materials

PPG is recognized and respected around the world as a leading paint, coatings and specialty materials manufacturer, providing technologically advanced solutions. PPG helps customers in industrial, transportation, consumer products, and construction markets and aftermarkets to enhance more surfaces.

PPG reported net sales of $15.4 billion in 2018. In 2018, Industrial Coatings comprised 41 percent of net sales, with Performance Coatings comprising 59 percent of net sales.

PPG’s Performance Coatings and Industrial Coatings reportable segments supply coatings and specialty materials for customers in a wide array of end-use markets, including industrial equipment and components, packaging material; aircraft and marine equipment; automotive original equipment; as well as for other industrial and consumer products. In addition to supplying coatings to the automotive OEM market, PPG supplies refinishes to the automotive aftermarket. PPG also serves commercial and residential new build and maintenance markets by supplying coatings to painting and maintenance contractors and directly to consumers for decoration and maintenance.

PPG operates in more than 70 countries worldwide. Its key global technical facilities include:

  • Allison Park, Penn., USA: Global Coatings Innovation Center
  • Oak Creek, Wisc., USA: Industrial Customer Application Lab
  • Milford, Ohio, USA: Packaging Research
  • Burbank, Calif., USA: Aerospace Research
  • Mexico City, Mexico: Comex Research
  • Sumare, Brazil: Customer Application Lab
  • Marly, France; Ingersheim, Germany; Quattordio,  Italy Automotive OEM Research Centers
  • Amsterdam, the Netherlands: Architectural/Protective and Marine Coatings Research Center
  • Milan, Italy: Automotive Refinish Research
  • Busan, South Korea: Customer Application Lab
  • Tianjin, China: Global Competitive Sourcing Lab and Customer Application Lab
  • Clayton, Australia: Customer Application Lab

Key Happenings in 2018

  • Jan. 2018: Acquired ProCoatings, a leading architectural paint and coatings wholesaler located in The Netherlands
  • Jan. 2018: Acquired Paintzen, a technology platform that facilitates residential painting transactions
  • Oct. 2018: Acquired Hodij Coatings, a leading distributor of well-known professional paint brands based in

The Netherlands

  • Dec. 2018: Completed the acquisition of SEM, a U.S.-based manufacturer of specialized automotive refinish products
  • March 2019: Completed the acquisition of Whitford Worldwide Company, a global manufacturer that specializes in low-friction and nonstick coatings for industrial applications and consumer products
  • April 2019: Completed the acquisition of Hemmelrath, an automotive coatings manufacturer

Sales: 14.8 Billion

Markets Served: Aerospace, Architectural coatings – Americas and Asia Pacific, Architectural coatings – Europe, Middle East and Africa, Automotive OEM coatings, Automotive Refinish, Industrial coatings, Packaging coatings, Protective and Marine coatings, Specialty coatings and materials

PPG is recognized and respected around the world as a leading paint, coatings and specialty materials manufacturer, providing technologically advanced solutions. PPG helps customers in industrial, transportation, consumer products, and construction markets and aftermarkets to enhance more surfaces.

PPG reported net sales of $14.8 billion in 2017. The company’s 2017 full-year reported net income from continuing operations was $1.4 billion. The company spent $480 million on average R&D investment annually over the last four years.

PPG employs approximately 47,000 people worldwide. In 2017, Industrial Coatings comprised 41 percent of net sales, with Performance Coatings comprising 59 percent of net sales.

PPG’s Performance Coatings and Industrial Coatings reportable segments supply coatings and specialty materials for customers in a wide array of end-use markets, including industrial equipment and components, packaging material; aircraft and marine equipment; automotive original equipment; as well as for other industrial and consumer products. In addition to supplying coatings to the automotive OEM market, PPG supplies refinishes to the automotive aftermarket. PPG also serves commercial and residential new build and maintenance markets by supplying coatings to painting and maintenance contractors and directly to consumers for decoration and maintenance. PPG operates in more than 70 countries worldwide.

PPG launched the following products in 2017:

  • OLYMPIC SmartGuard stain in a pouch
  • PPG SPECTRACRON 128 industrial shop primer
  • PPG TIMELESS Paint
  • Revolutionary secondary fuel vapor barrier for transport aircraft
  • PPG next-generation PSX 805, PSX 800 coatings for steel, metal applications
  •  PPG SPECTRACRON ADVANTEDGE HPP primer
  • Sigma Air Pure: improves indoor air quality
  • PPG AEROCRON electrocoat primer: first commercial e-coat technology available to aircraft manufacturers.

Key Happenings in 2017

  • Jan. 2017: Completed acquisition of DEUTEK S.A., a leading Romanian paint and architectural coatings manufacturer. Acquired certain assets of automotive refinish coatings company Futian Xinshi
  • April 2017: Purchased the remaining 50 percent ownership interest in Asian joint venture comprising IVC (Malaysia) Sdn Bhd and IVC-OPS (Singapore) Pte. Ltd. from joint venture partner, Omni-Plus System Pte. Ltd.
  • Sept. 2017: Completed the sale of its remaining fiberglass operations to Nippon Electric Glass. With the sale of the final piece of its Glass reportable business segment, PPG is now nearly 100 percent focused on paints, coatings and specialty materials
  • Oct. 2017: Acquired The Crown Group, a U.S.-based coatings application services business
  • Jan. 2018: Acquired architectural paint and coatings wholesaler ProCoatings.

Sales: 14.3 Billion

Markets Served: Aerospace coatings, Architectural coatings, Automotive OEM coatings, Automotive refinish coatings; Coatings service, Industrial coatings, Packaging coatings, Protective and Marine coatings, Specialty coatings and materials

Sales of PPG Industries’ three coatings business segments – Performance Coatings, Industrial Coatings and Architectural Coatings EMEA – combined for $14.3 billion in 2016.
“PPG had a successful year in 2016, despite a more challenging global economic environment and growing geopolitical uncertainty in many of the regions where we operate,” said Michael McGarry, president and CEO of PPG. “Thanks to our customers and employees, we were able to continue to strengthen our paint and coatings business around the world.”

PPG’s Performance Coatings and Industrial Coatings reportable segments supply coatings and specialty materials for customers in a wide array of end-use markets, including industrial equipment and components, packaging material; aircraft and marine equipment; automotive original equipment; as well as for other industrial and consumer products. In addition to supplying coatings to the automotive OEM market, PPG supplies refinishes to the automotive aftermarket. PPG also serves commercial and residential new build and maintenance markets by supplying coatings to painting and maintenance contractors and directly to consumers for decoration and maintenance.

PPG Withdraws Proposal to Acquire AkzoNobel

PPG has withdrawn its proposal to combine with AkzoNobel.

“We were hopeful throughout this process that AkzoNobel’s Boards would see the merits of our compelling proposal to combine our two great companies and create significant shareholder value and a more sustainable business for the future. We strongly believe a combined company would create more opportunities and provide more benefits for our collective customers, employees, shareholders and society in general,” said McGarry. “We made a final attempt for engagement late last week and through a letter to AkzoNobel. In that letter, we addressed AkzoNobel’s stated commentary around value, certainty, timing and stakeholder considerations, and provided additional and specific commitments and assurances including a significant break-fee and an offer to negotiate a nominal price increase as part of an agreed transaction. However, AkzoNobel’s Boards have consistently refused to engage and did not respond to our call or letter. As a result, we believe it is in the best interests of PPG and its shareholders to withdraw our proposal to AkzoNobel at this time.”

Key Happenings in 2016

  • PPG completed four acquisitions, increasing its geographic and product scope: MetoKote (U.S. coatings services), Univer (Italy architectural coatings), Deutek (Romania architectural coatings, closed in January, 2017) and Futian Xinshi (China automotive refinish, closed in January, 2017).
  • The completion of business divestitures, including the flat glass and European fiber glass businesses and PPG’s ownership interest in two Asian fiber glass joint ventures,resulting in approximately $1.1 billion of total cash proceeds.
  • The completion of a $20 million investment to build an electrocoat coatings blending center at its resin manufacturing facility in Zhangjiagang, China.
  • The completion of a $10 million coatings center of excellence at its Tianjin, China, campus to serve automotive decorative parts manufacturers.
  • The completion of an $8 million investment at its global Coatings Innovation Center in Allison Park, Pennsylvania to expand technical capabilities.

Sales: 14.2 Billion

Segment Breakdown: Aerospace coatings, Packaging coatings, Automotive OEM coatings, Industrial coatings, Automotive refinish coatings, Protective and Marine coatings, Architectural coatings, Specialty coatings and materials

Sales of PPG Industries’ three coatings business segments – Performance Coatings, Industrial Coatings and Architectural Coatings EMEA – combined for $14.24 billion in revenue in 2015.

“2015 was another record year for our 132-year- old company,” said Michael McGarry, CEO of PPG. “Thanks to our customers and employees, we were able to strengthen our global paint and coatings businesses despite some challenging global economic conditions. Throughout the year, we continued to deliver on our commitment to produce industry leading paint, coatings and specialty materials that our customers trust to protect and beautify their products and surroundings. Our employees’ dedication, energy, innovative spirit and technical know-how are key reasons why customers rely on PPG.”

PPG reported that it delivered strong financial results in 2015, achieving the highest adjusted earnings per diluted share in company history.

PPG also completed several strategic initiatives aimed at creating long-term value for its shareholders.

“This included the successful integration
of Comex, the leading paint supplier in Mexico, which we acquired in late 2014,” McGarry stated. “The performance of PPG-Comex has been excellent by every measure. In addition, we have maintained the pace of opening a new PPG-Comex concessionaire store location approximately every two days. I am proud to note that we’ve surpassed the milestone of 4,000 store locations in Mexico. While these achievements are significant, we still have considerable growth opportunities ahead.”

In addition, PPG completed a number of smaller acquisitions during 2015:

  • Acquired specialty wood-care and paint products brand, FLOOD Australia.
  • Acquired REVOCOAT,
 a global supplier of sealants, adhesives and damper products for the automotive industry.
  • Completed the acquisition of Consorcio Latinoamericano, a network of 57 paint stores in Central America.
  • Acquired Cuming Microwave, a manufacturer of coatings that absorb microwaves and radio waves and that have applications in military aircraft, electronics, telecommunications and medical equipment.
  • Acquired IVC Industrial Coatings, a U.S.-based manufacturer of specialty powder and liquid coatings for industrial applications.
  • Acquired majority interest in a new joint venture, called Sealants Europe SAS, formed with the aerospace and automotive sealants and adhesives business of Le Joint Français (LJF).

Looking forward in 2016, PPG remains focused on delivering higher organic growth, including continued commercialization of its innovative, industry leading paint, coatings and specialty materials.

“Being the world’s leading paint and coatings company is a journey – not a destination,” said McGarry. “In many ways, our journey has just begun. So we continue our focus on driving growth from within our businesses. We also will continue to be aggressive on efficiency and productivity initiatives. As those of you who have followed us for years know quite well, this is a never ending quest at PPG. We are always looking for ways to improve our cost structure.”


PPG Reports Sustainability Progress
PPG has released its 2015 Corporate Sustainability Report, which details the company’s progress toward achieving its 2020 sustainability goals.

The company announced the following progress in 2015:

  • Achieved 30 percent of sales from sustainable products, an increase of 50 percent since 2012.
  • Reduced energy intensity 23 percent since 2012.
  • Reduced greenhouse gas emissions intensity 17 percent since 2012.
  • Reduced its injury and illness rate 26 percent since 2012.
  • Implemented a wellness program at 71 percent of its facilities.
  • Implemented its community engagement framework at 65 percent of its sites.
  • Distributed $7.8 million in charitable contributions.
  • Launched the 10-year, $10 million COLORFUL COMMUNITIES global charitable initiative.

Sales: 14.3 Billion

Segment Breakdown: Aerospace coatings, Packaging coatings, Automotive OEM coatings, Industrial coatings, Automotive refinish coatings, Protective and Marine coatings, Architectural coatings, Specialty coatings and materials

Sales of PPG Industries’ three coatings business segments – Performance Coatings, Industrial Coatings and Architectural Coatings EMEA – combined for $14.25 billion in revenue in 2014, up from $12.78 billion the year before.

“PPG achieved record results in 2014 and further strengthened its position as the world’s leading and largest coatings company,” Charles Bunch, chairman and CEO of PPG stated in the company’s annual report. “Thanks to our customers and employees throughout the world, 2014 was another successful year for our 131-year-old company, both financially and strategically. We achieved record financial results that have further strengthened our leading position within the global coatings industry.”

PPG also completed several important strategic acquisitions in 2014 to drive future earnings growth. “Most notably, we acquired Comex, the leading architectural coatings company in Mexico,” Bunch said. “This was the second largest acquisition in PPG’s history and positions us as the number one coatings company in this important and growing economy. We are pleased to have added this high-quality business to the PPG family.”

The transaction, valued at $2.3 billion, added a leading architectural coatings business to PPG’s portfolio. Comex manufactures coatings and related products in Mexico and sells them in Mexico and Central America through more than 3,700 stores that are independently owned and operated by more than 700 concessionaires. Comex also sells PPG’s products through regional retailers and wholesalers and directly to customers.

PPG also made several targeted acquisitions that strengthened its diverse coatings product portfolio, such as The Homax Group, Hi-Temp Coatings and Canal Supplies. The Homax Group is the industry’s leading supplier of decorative aerosol drywall and ceiling texturing applications utilized primarily for home repair. In addition, it supplies various epoxy finishes, patching, caulking and mesh tape repair products, and other painting tools and accessories. The company’s products are sold through major home improvement centers, hardware stores and paint suppliers. Hi-Temp Coatings Technology manufactures industry-leading coatings that withstand extreme temperatures to protect both carbon steel and stainless steel substrates in stacks, piping, boilers and similar equipment. Hi-Temp coatings products are used widely in refineries, petrochemical plants, pulp and paper mills, and power plants.

PPG has ambitious plans for 2015 and beyond. “As we look forward into 2015, we expect sales of our coatings businesses to approach 95 percent of PPG’s total sales,” Bunch stated. “We are well positioned to benefit from continuing global growth due to our broad geographic reach, excellent product offering, and pipeline of new and innovative products. Additionally, we will maintain our heritage of operational excellence and cost management.”

Key Developments 2014

  • Hi-Temp Coatings Technology (protective and marine coatings) – acquired March 2014
  • Divested 51 percent ownership interest in Transitions Optical joint venture and wholly-owned sunlens business (specialty coatings and materials) – closed April 2014
  • Canal Supplies Inc. (protective and marine coatings) – acquired June 2014
  • The Homax Group (architectural coatings – Americas) – acquired July 2014
  • Consorcio Comex, S.A. de C.V. (architectural coatings – Americas; established PPG-Comex business) – acquired November 2014

Sales: 12.8 Billion

Segment Breakdown: Aerospace coatings, Packaging coatings, Automotive OEM coatings, Industrial coatings, Automotive refinish coatings, Protective and Marine coatings, Architectural coatings

Sales of PPG Industries’ three coatings business segments – Performance Coatings, Industrial Coatings and Architectural Coatings EMEA – combined for $12.78 billion in revenue in 2013, up from $11.48 billion the year before.

“Thanks to our customers and employees throughout the world, 2013 was one of the most successful years in our company’s 130-year history, both financially and strategically,” said Charles Bunch, chairman and CEO. “As we look forward, a key focus is to achieve further growth in each of our businesses and regions. To help drive our growth, we are continuing to evaluate potential acquisitions, are expanding our organic capital funding, including several key projects like a new coatings manufacturing facility in Russia, are emphasizing our new product development pipeline, and are investing more in PPG’s brands.”

Performance Coatings, comprised of the refinish, aerospace, protective and marine and architectural – Americas and Asia Pacific coatings businesses, reported net sales increased $1.12 million to $5.87 million primarily due to net sales from businesses acquired and modestly higher pricing partially offset by lower sales volumes. Automotive refinish volumes were level with the prior year as growth in the Asia Pacific and Latin American regions offset volume declines in Europe, while the North American refinish volumes were consistent with 2012. Offsetting the segment sales volume gains was a decline in volume in the protective and marine coatings business due to further, notable weakness in the Asian marine new-build market reflecting lower global demand. U.S. and Canada architectural coatings sales volume declined by low-single-digit percentages with mid-to-high single digit percentage same store growth in company-owned stores, lower sales in national retail accounts  and lower sales in the independent dealer channel.

Industrial Coatings, which includes automotive OEM, industrial coatings and packaging coatings, saw net sales increase $466 million from the prior year, to $4.86 million primarily due to volume growth and net sales from acquired businesses. In 2013, PPG’s global automotive OEM coatings sales volumes grew 10 percent, outpacing global industry auto production growth of approximately three percent year-over-year. The industrial coatings business experienced varied sales volume results by region compared with the prior year, as strong improvements across emerging regions and modestly higher volumes in North America were offset by weak demand in Europe.

Architectural Coatings – EMEA net sales decreased to $85 million due to lower sales volumes as economic conditions worsened in most European countries. However, market demand improved somewhat in the second half of the year but remained negative overall and mixed across the region. Poor weather conditions in the first half of 2013 were also a contributor to the decline in sales volumes. The decline in sales volumes was partially offset by the impacts of favorable pricing and foreign currency translation.

Key Developments 2013

  • Finalized the separation of PPG’s former commodity chemicals business.
  • Completed the acquisition of the North American architectural coatings business of AkzoNobel.
  • Acquired certain assets of specialty coatings provider Deft Inc., enhancing PPG’s aerospace coatings product portfolio.
  • Opened a new electronic materials group manufacturing cell at PPG’s Springdale, PA facility, positioning PPG in the fast-growing global electronics market for conductive inks and coatings.
  • Opened a new automotive OEM coatings development and application center in Tianjin, China.
  • Inaugurated a new manufacturing facility for the production of heavy-duty equipment coatings in Tianjin, China
  • Established a new North American architectural coatings headquarters in Cranberry Township, PA and announced expansion of PPG’s technology center in Harmar Township, PA.
  • Announced plans to invest $60 million in a new manufacturing facility and commercial operation in the Lipetsk region of Russia. The project is anticipated to be completed in 2015.

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