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.
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.
PPG Foundation donates $10,000 to Boys and Girls Clubs of Delaware for science, math programs
The PPG Foundation recently donated $10,000 to the Boys & Girls Clubs of Delaware to expand science, technology, engineering, art and math education programs. The donation was made on behalf of PPG’s architectural coatings site in Dover, Delaware, which includes a manufacturing plant and distribution center.
PPG launches TESLIN label stock
PPG today announced the launch of TESLIN® label stock, a new portfolio of durable, printable and secure label stock. This offering will help label-converting customers leverage the unique properties of Teslin substrate globally by expanding the label options available to them.
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PPG works with HUMANITARIUM science center in Poland to sponsor interactive ‘Laboratory of Colors’
PPG is sponsoring the new interactive “PPG Laboratory of Colors” at the HUMANITARIUM science center in Wroclaw, Poland. The permanent exhibit is the first of many collaboration projects planned by PPG and the science center, all of which will aim to engage children and nurture their interest in science and technology. PPG and its global grantmaking program contributed $30,000 to bring the hands-on exhibit to life.