PPG, Mill Steel expand access to DURASTAR ULTRA-COOL coatings for coil coatings market
PPG and Mill Steel have announced that Mill Steel will stock, market and sell DURASTAR® ULTRA-COOL® silicone-modified polyester (SMP) coatings by PPG to building product manufacturers. Based in Grand Rapids, Michigan, Mill Steel is one of North America’s largest steel distribution and service centers.
PPG introduces AQUACRON 200 Series coating
PPG has introduced AQUACRON® 200 Series coating, a waterborne acrylic urethane for exterior building products that offers robust protection for wood, fiber glass, plastic, vinyl and composite substrates. The coating also can be formulated with heat-reflective pigments to enhance the durability and appearance of heat-sensitive substrates such as vinyl and polyvinyl chloride (PVC).
PPG to debut new products, present three papers at CAMX 2016
PPG will introduce three new fiber glass products and present three technical papers at the 2016 Composites and Advanced Materials Expo (CAMX) at the Anaheim Convention Center in California, Sept. 26-29.
Bunch to retire as PPG executive chairman, CEO McGarry elected to succeed
PPG today announced that Charles E. Bunch will retire Sept. 1 as executive chairman of the PPG board of directors after 37 years with the company. PPG President and Chief Executive Officer Michael H. McGarry will become chairman and CEO effective the same day.
Healey joins PPG board of directors
PPG today announced that Melanie Healey, former group president, North America, The Procter & Gamble Company (P&G), has been elected to join its board of directors, effective immediately. She will serve on the PPG board’s audit committee and its technology and environment committee.
PPG directors announce quarterly dividend of 40 cents per share
The board of directors of PPG today declared a regular quarterly dividend of 40 cents per share, payable Sept. 12 to shareholders of record Aug. 10.
PPG reaches agreement with Vitro for sale of flat glass operations
PPG today announced that it has reached a definitive agreement to sell the assets of its flat glass manufacturing and glass coatings operations to Vitro S.A.B. de C.V., a leading producer of flat glass and specialty products. The transaction is expected to close by the end of 2016, subject to customary closing conditions.
PPG reports second quarter 2016 financial results
PPG today reported second quarter 2016 net sales of $4.1 billion, down less than 1 percent versus the prior year. Net sales in local currencies grew by more than 1 percent year-over-year, and acquisition-related sales contributed more than 1 percent. Sales volumes and selling prices were flat versus the prior-year period. Unfavorable foreign currency translation impacted net sales by more than 2 percent, or about $95 million.
PPG completes first COLORFUL COMMUNITIES project in Brazil at Children's Cancer Institute in Porto Alegre
PPG today announced the completion of the first COLORFUL COMMUNITIES™ project in Brazil, which helped to add color to the new Children's Cancer Institute (ICI) site in Porto Alegre. The Colorful Communities program provides PPG volunteers and products along with financial contributions to bring color and vitality to communities where the company operates around the world.
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PPG certification program aims to keep technicians up to date
Advancements in automotive refinish technologies, combined with the growing number and complexity of original equipment manufacturer (OEM) special-effects vehicle finishes, make it critical that collision refinish technicians stay current with available training. That is what drives PPG’s ongoing commitment to its comprehensive technician certification training program.