PPG: We protect and beautify the world



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PPG reports second quarter 2017 financial results
PPG today reported second quarter 2017 net sales of $3.8 billion, up about 1 percent versus the prior year. Net sales in local currencies grew nearly 2 percent year-over-year, aided by acquisitions. Selling prices improved slightly versus the prior year and in comparison to recent sequential quarters, reflecting initial efforts to offset raw material cost inflation. Aggregate sales volumes were flat year-over-year with variation by region and business unit. Unfavorable foreign currency translation impacted net sales by nearly 2 percent, or about $65 million.

Heminger joins PPG board of directors
PPG today announced that Gary R. Heminger, chairman and CEO of Marathon Petroleum Corporation, has been elected to join its board of directors, effective immediately. He will serve on the PPG board’s audit committee and its nominating and governance committee.

PPG directors approve 13-percent dividend increase to 45 cents per share
PITTSBURGH, July 20, 2017 – The board of directors of PPG today approved a 5-cents-per-share increase in the company’s dividend, declaring a regular quarterly dividend of 45 cents per share, payable Sept. 12 to shareholders of record Aug. 10. PPG’s last quarterly dividend increase was 11 percent, in the second quarter of 2016.

PPG to acquire coatings application services provider The Crown Group
PPG  today announced that it has reached a definitive agreement to acquire The Crown Group, a U.S.-based coatings application services business, from High Road Capital Partners and Charter Oak Capital Partners. The transaction is expected to close in the third quarter 2017, subject to customary closing conditions. Financial terms were not disclosed.

PPG introduces KWIKSPAR 600 and 600SG coatings for faster return-to-service
PPG has introduced KWIKSPAR® 600 and Kwikspar 600SG polyaspartic coatings, a line of corrosion-resistant, direct-to-metal (DTM) coatings formulated with advanced film-build and fast-cure characteristics to improve throughput in field and shop applications.

New York’s iconic VIA 57 West finished with DURANAR coatings by PPG
DURANAR® coatings by PPG protect and enhance the façade of VIA 57 West, one of New York’s newest and most striking architectural landmarks. Design by renowned architect Bjarke Ingels, the structure rises 460 feet above the Hudson River to form a swooping metallic pyramid that houses more than 700 upscale river-view apartments.

PPG Completes COLORFUL COMMUNITIES Project in Switzerland at Rolle Castle Park
PPG announced the completion of a COLORFUL COMMUNITIES™ project in Rolle, Switzerland, that brought color to a local park and playground used by area residents and tourists visiting Rolle Castle. 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, such as in Rolle, where PPG has its European headquarters.

PPG to host free seminar on newly revised UL fire standard

PPG protective and marine coatings (PMC) business will host “Is Your Specified Fireproofing Ready to Meet the UL 1709 Changes?”, a free educational seminar addressing the new UL standard in passive fire protection (PFP). The event will be held on July 13 from 8 a.m. to 12 p.m. at The Westin Houston, Memorial City hotel in Houston.

PPG completes COLORFUL COMMUNITIES project at Villa Arconati in Milan
PPG announced the completion of a COLORFUL COMMUNITIES™ project in Milan, Italy, that helped revitalize the Villa Arconati, a historic villa in the hamlet of Castellazzo di Bollate that is the headquarters of the Fondazione Augusto Rancilio (Augusto Rancilio Foundation).

PPG debuts MEASURECOLOR MOBILE platform for quick coating color selection
PPG announced that its industrial coatings business has launched MEASURECOLOR MOBILE™, an innovative cloud-based color platform that combines a color-matching app and hand-held MeasureColor Mobile scanning device to immediately identify color matches to PPG industrial coatings products and improve the speed and accuracy of color selection.

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