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Last $231.97 USD
Change Today -3.48 / -1.48%
Volume 545.0K
PPG On Other Exchanges
New York
As of 4:15 PM 03/6/15 All times are local (Market data is delayed by at least 15 minutes).

ppg industries inc (PPG) Key Developments

PPG Industries Inc. Presents at 5th Annual Alembic Global Advisors Chemical Conference, Feb-25-2015

PPG Industries Inc. Presents at 5th Annual Alembic Global Advisors Chemical Conference, Feb-25-2015 . Venue: Deer Valley, Utah, United States.

PPG Industries Appoints Michael H. McGarry as President and Chief Operating Officer, Effective March 1, 2015

PPG Industries announced the appointment of Michael H. McGarry, currently chief operating officer, to president and chief operating officer, effective March 1, 2015. McGarry became chief operating officer in August 2014. McGarry will continue to have executive oversight responsibility for all of PPG’s strategic business units and operating regions and for the information technology (IT), environment, health and safety (EH&S), and purchasing functions. He will remain based at PPG’s global headquarters in Pittsburgh and will continue to report to Chairman and CEO Charles E. Bunch. During his 34 years with PPG, McGarry has served in a variety of key business and functional leadership roles in the United States, Europe and Asia. McGarry joined PPG in 1981 as an engineer at the company’s Lake Charles, Louisiana, chemicals complex. He was named executive vice president in September 2012. McGarry also serves as a director on the boards of Axiall Corporation and Pittsburgh Glass Works LLC.

PPG to Increase Silica Production Capacity at Delfzijl, Netherlands, Plant

PPG Industries announced that it is increasing precipitated silica production capacity at its Delfzijl, Netherlands, manufacturing location by more than 15,000 tons per year, due in part to growing global demand for AGILON(R) performance silica products. The expansion is expected to come online in 2016 and will help PPG meet growing demand for its silica products, including large-scale Agilon volumes tied to a new multiyear global supply agreement with a multinational tire manufacturer.

PPG Industries Expands HOBA Coatings Line for Aerosols and Tubes with New Generation Innovative Coatings

PPG Industries announced that it will feature a new generation of innovative coatings for the protection of monobloc aerosol cans and aluminum and plastic tubes during the Aerosol and Dispensing Forum in Paris, Feb. 4 to 5, 2015. The new range of coatings comprises Bisphenol A non-intent (BPA-NI, or with no BPA intentionally added) internal protective spray liners for monobloc aerosol cans and aluminum tubes, as well as BPA-NI ultraviolet-cured (UV-cured) varnishes formulated with photoinitiators other than Isopropyl thioxanthone (ITX) and Benzophenone to protect and decorate plastic tubes. As part of this new generation of coatings, PPG has launched: HOBA MAX (PPG8900) and HOBA VCL (PPG2845) internal liners for aluminum aerosol cans to protect a full range of standard- to high-aggressive cosmetic and personal-care filling goods such as deodorant, shave cream, hair mousse, hairspray, and sun-care products. The HOBA VCL (PPG2845) liner also is recommended to protect a wide range of food products, including beverage. These liners offer even greater protection for some filling products compared to traditional polyamide-imide (PAM) and epoxy-based coatings; HOBA PPG4880 gold-internal liners for aluminum tubes are BPA-NI and suitable for low- to neutral-pH and fatty products such as food (mustard, mayonnaise and horseradish), pharmaceuticals, cosmetics and personal-care products. HOBA PPG4990 internal liners are BPA-NI and provide resistance to a broad range of alkaline products including hair dyes, hair mousse and goods containing ammonia; HOBA PPG3270 gloss and HOBA PPG3280 matt BPA-NI, ITX-free and Benzophenone-free UV varnishes for plastic tubes provide additional process benefits to tube makers such as better hot-stamping capability and superior scratch resistance over previous generations. The company's packaging coatings business also offers BPA-NI exterior coatings for aluminum aerosol cans, tubes and bottles.

PPG Industries Introduces PERFORMALOC Advanced Productivity Coatings

PPG Industries has introduced PERFORMALOC advanced productivity coatings, a new category of cross-linked coatings featuring a proprietary combination of low-volatile organic compound (VOC) resins that cure fast and hard, thus eliminating the need for baking or force-drying of metal parts. PerformaLoc coatings are designed for original equipment manufacturers (OEMs) that coat metal parts such as those used in agricultural equipment, locomotives and rail cars, outdoor furniture, light poles, exterior electrical cabinets and hardware, trailers and shipping containers. Because the coatings dry extremely fast and to a hard, durable finish, they are ideal for OEMs and part suppliers that have limited or no baking capabilities. They also can reduce energy costs, increase production throughput and yield lower labor costs. PerformaLoc coatings offer superior color and gloss retention; excellent resistance to chemicals, marring, salt spray and humidity; and exceptional performance in accelerated weather testing. They also provide an expanded recoat window that lasts from days to weeks without the need for significant preparation or sanding, which can help improve process efficiency for OEMs and part suppliers. PerformaLoc coatings can be formulated in custom colors and, when paired with compatible PPG wet-on-wet epoxy or polyurethane primers, outperform other top-rated polyurethane coatings. They apply like conventional polyurethanes because of their low viscosity.


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Industry Average

Valuation PPG Industry Range
Price/Earnings 29.9x
Price/Sales 2.1x
Price/Book 6.2x
Price/Cash Flow 12.4x
TEV/Sales 1.7x

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