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Last $229.14 USD
Change Today +2.42 / 1.07%
Volume 716.9K
PPG On Other Exchanges
New York
As of 6:40 PM 05/27/15 All times are local (Market data is delayed by at least 15 minutes).

ppg industries inc (PPG) Key Developments

PPG Industries Unveils New OLYMPIC ONE Color Changing Ceiling Paint

OLYMPIC Paint and Stain, a line of PPG Architectural Coatings, a business of PPG Industries, has unveiled new Olympic ONE color changing ceiling paint. The paint goes on pink and dries white, enabling homeowners to easily see which areas of their ceilings are covered and reduce the chance of unintentionally missing a spot.

PPG Industries and Walker Glass Co., Ltd Announces to Debut Bird-Safe Glass with Low-E Coating

PPG Industries and Walker Glass Co. Ltd. announced that it has combined proprietary technologies to create AviProtek with SOLARBAN glass, an advanced architectural glass that unites bird-friendly, acid-etched patterns by Walker TEXTURES glass with high-performance solar control, low-emissivity (low-e) coatings by PPG. Walker Glass with AviProtek patterns can be manufactured with Solarban 60 or Solarban 70XL glass on the second (interior) surface of an insulating glass unit (IGU). AviProtek patterns on the first (exterior) surface of windows and architectural glass are proven to reduce bird injury and mortality by providing contrasting patterns that birds can see while in flight. AviProtek with Solarban glass gives architects, designers, specifiers and building owners the ability to comply with bird-safe building codes and to earn LEED certification credits for both bird-friendly building design and environmental performance. Available on clear and ultra-clear STARPHIRE glass substrates by PPG, AviProtek with Solarban glass comes in five standard bird-friendly patterns. It is sold exclusively through members of the PPG CFP CERTIFIED FABRICATOR PROGRAM group.

PPG Industries, Inc. Announces Executive Appointments

PPG Industries, Inc. announced executive appointments effective June 1. Vince Morales, currently vice president, investor relations, will become vice president, investor relations, and treasurer. Morales will report to Executive Vice President and Chief Financial Officer Frank Sklarsky. Since joining PPG in 1985, Morales has advanced through various finance leadership roles of increasing responsibility. He was appointed to his current position in 2007. Morales earned a Bachelor of Science from Robert MorrisUniversity and an MBA from The Ohio State University. Eric Thiele, currently corporate treasurer, will become vice president and business controller, global architectural coatings and protective and marine coatings. In this role, Thiele will report to Sklarsky and PPG President and Chief Operating Officer Michael McGarry. In nearly 20 years with PPG, Thiele has held various finance leadership roles of increasing responsibility. He was named corporate treasurer in 2012. Also announced was the appointment of Scott Minder, currently finance director and business controller, industrial and packaging coatings, to director, investor relations, reporting to Morales. Minder joined PPG in June 2009 and previously worked for General Motors and Penske Logistics. John Jankowski, assistant treasurer, also will report to Morales. Jankowski will continue to provide leadership to the global treasury staff and in key areas of the treasury function.

PPG Industries Introduces POWERCRON ADVANTEDGE electrocoat in North America

PPG Industries' industrial coatings business has introduced POWERCRON ADVANTEDGE electrocoat (e-coat), a next-generation high-edge cationic-epoxy product, in North America. Originally formulated to achieve REACH (Registration, Evaluation, Authorization and Restriction of Chemicals) compliance in Europe, Powercron AdvantEdge e-coat is formulated with a proprietary metal-free catalyst that eliminates the need for dibutyl tin and other scarce or restricted heavy metals as a catalyzing agent. Powercron AdvantEdge e-coat can help appliance, automotive and heavy-duty equipment manufacturers and other metal finishers gain a competitive edge, both in terms of environmental compliance and product performance. Specifically engineered for high-edge protection of cut, stamped or formed edges on complex metal parts, Powercron AdvantEdge e-coat offers several performance advantages over e-coats based on conventional metal-based catalyzing technologies. They include cure temperatures as low as 320 F to reduce energy use and related carbon emissions, as well as excellent workability, a smooth film appearance, enhanced throwpower and excellent corrosion resistance.

Goodyear to Use AGILON Performance Silica by PPG to Improve Tire Performance

PPG Industries announced that Goodyear Tire & Rubber Company has contracted to use AGILON(R) performance silica by PPG to increase the fuel efficiency of its tires. Goodyear will first use the next-generation reinforcing filler developed by PPG in EFFICIENTGRIP(TM) tires, a line of high-performance sport-utility-vehicle (SUV) tires debuting in Latin America this month. Goodyear plans to incorporate Agilon performance silica into future high-value-added tire launches in other regions in 2015.


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Valuation PPG Industry Range
Price/Earnings 27.1x
Price/Sales 2.0x
Price/Book 6.1x
Price/Cash Flow 19.1x
TEV/Sales 1.6x

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