PPG continues support for Speedway Children’s Charities in New Hampshire Track Walk
PPG demonstrated its ongoing support for Speedway Children’s Charities (SCC), joining with the organization’s New Hampshire chapter July 16 for the 2016 Track Walk fundraiser at the New Hampshire Motor Speedway in Loudon. PPG is the sole sponsor of the walk and has worked with SCC since 2009.
White, grey and beige walls still No. 1 in Canada, CIL paint survey shows
From coast to coast, Canadians prefer neutral colours for home decor, but residents of some provinces are more daring with colour than those of other provinces. That’s the finding of a country-wide survey of Canadian painting habits conducted by leading brand CIL® paint.
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.
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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.