About PPG Industries

PPG Industries, Inc. (PPG) manufactures and distributes a broad range of paints, coatings and specialty materials. PPG has a proud heritage with a demonstrated commitment to innovation, sustainability, community engagement and development of leading-edge paint, coatings and specialty materials technologies. PPG is a global leader with manufacturing facilities and equity affiliates in more than 70 countries. PPG supplies paints, coatings and specialty materials to customers serving a wide array of end-uses, including industrial equipment and components; packaging material; aircraft and marine equipment; automotive original equipment; automotive refinish and aftermarket; pavement marking products; as well as coatings for other industrial and consumer products. PPG also serves commercial and residential new build and maintenance customers by supplying coatings to painting and maintenance contractors and directly to consumers for decoration and maintenance. Segments PPG operates through two business segments, Performance Coatings and Industrial Coatings. Performance Coatings segment This business segment primarily supplies a variety of protective and decorative coatings, adhesives, sealants and finishes along with pavement marking products, paint strippers, stains and related chemicals, transparencies, transparent armor and paint films. PPG has an established alliance with Asian Paints Ltd. to serve certain automotive refinish customers in India. Aerospace Coatings: Products include coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, packaging and chemical management services for the aerospace industry. Primary Customers / End-uses include commercial, military, regional jet and general aviation aircraft. Main distribution methods include direct to customers and company-owned distribution network. Primary brand is PPG. Architectural Coatings Americas and Asia Pacific and Architectural Coatings Europe, Middle East and Africa (EMEA): Products include paints, wood stains, adhesives, sealants and purchased sundries. Primary Customers / End-uses include painting and maintenance contractors and consumers for decoration and maintenance of residential and commercial building structures. Main distribution methods include company-owned stores, home centers and other regional or national consumer retail outlets, paint dealers, concessionaires, independent distributors and direct to consumers. Brands include PPG, GLIDDEN, COMEX, OLYMPIC, DULUX (in Canada), PPG PITTSBURGH PAINTS, MULCO, FLOOD, LIQUID NAILS, SICO, RENNER, TAUBMANS, WHITE KNIGHT, BRISTOL, HOMAX, SIGMA, HISTOR, SEIGNEURIE, GUITTET, PEINTURES GAUTHIER, RIPOLIN, JOHNSTONE’S, LEYLAND, PRIMALEX, DEKORAL, TRILAK, PROMINENT PAINTS, GORI, BONDEX, DANKE! and TIKKURILA. Automotive Refinish Coatings: Products include coatings, solvents, adhesives, sealants, purchased sundries, software and paint films. Primary customers / end-uses include automotive and commercial transport/fleet repair and refurbishing, light industrial coatings and specialty coatings for signs. Main distribution methods include independent distributors and direct to customers. Brands include PPG, SEM, and SPRINT. Protective and Marine Coatings: Products include coatings and finishes for the protection of metals and structures. Primary customers / end-uses include metal fabricators, heavy duty maintenance contractors and manufacturers of ships, bridges and rail cars. Main distribution methods include direct to customers, company-owned architectural coatings stores, independent distributors and concessionaires. Primary brand is PPG. Traffic Solutions: Products include paints, thermoplastics, pavement marking products and other advanced technologies for pavement marking. Primary customers / end-uses include government, commercial infrastructure, painting and maintenance contractors. Main distribution methods include direct to customers, government agencies and independent distributors. Primary brand is Ennis-Flint. Global Competitors: The company’s competitors include Akzo Nobel N.V., Axalta Coating Systems Ltd., BASF Corporation, Benjamin Moore, Hempel A/S, Kansai Paints, the Jotun Group, Masco Corporation, Nippon Paint, RPM International Inc., The Sherwin-Williams Company and 3M Company. Industrial Coatings segment This segment primarily supplies a variety of protective and decorative coatings and finishes along with adhesives, sealants, metal pretreatment products, optical monomers and coatings, low-friction coatings, precipitated silicas and other specialty materials. PPG has established alliances with Kansai Paints to serve Japanese-based automotive OEM customers in North America and Europe and Asian Paints Ltd. to serve certain aftermarket customers and automotive OEM customers in India. Main Distribution methods include direct to manufacturing companies and various coatings applicators. Automotive OEM Coatings: Products include specifically formulated coatings, adhesives and sealants, metal pretreatments and paint films. Automotive original equipment, including combustion engine, commercial, and electric vehicles, and automotive parts and accessories, including battery-related components. Primary customers / end-uses include automotive original equipment, including combustion engine, commercial, and electric vehicles, and automotive parts and accessories, including battery-related components. Primary brand is PPG. Industrial Coatings: Products include specifically formulated coatings, adhesives and sealants and metal pretreatments; services and coatings application. Primary customers / end-uses include appliances, agricultural and construction equipment, consumer electronics, building products (including residential and commercial construction), kitchenware, transportation vehicles and numerous other finished products; On-site coatings services within several customer manufacturing locations as well as at regional service centers. Primary brand is PPG. Packaging Coatings: Products include specifically formulated coatings. Primary customers / end-uses include metal cans, closures, and plastic and aluminum tubes for food, beverage and personal care, and promotional and specialty packaging. Primary brand is PPG. Specialty Coatings and Materials: Products include amorphous precipitated silicas, TESLIN substrate, Organic Light Emitting Diode (OLED) materials, optical lens materials and photochromic dyes. Primary brands include PPG and TESLIN. Primary Customers / End-uses include: Silicas - Tire, battery separator and other end-uses; TESLIN - Labels, e-passports, drivers’ licenses, breathable membranes, loyalty cards and identification cards; and OLED - displays and lighting Lens materials - optical lenses, coatings and color-change products. Competition: The company’s competitors include Akzo Nobel N.V., Axalta Coating Systems Ltd., BASF Corporation, Kansai Paints, Nippon Paint and The Sherwin-Williams Company. Seasonality PPG’s Income before income taxes has typically been greater in the second and third quarters and Cash from operating activities has been greatest in the fourth quarter (year ended December 31, 2023) due to end-use market seasonality, primarily in the company’s architectural coatings and traffic solutions businesses. Demand for the company’s architectural coatings and traffic solutions products is typically the strongest in the second and third quarters due to higher home improvement, maintenance and construction activity during the spring and summer months in the U.S., Canada and Europe. The Latin American paint season is the strongest in the fourth quarter. These cyclical activity levels result in the collection of outstanding receivables and lower inventory on hand in the fourth quarter generating higher Cash from operating activities. History PPG Industries, Inc. was incorporated in Pennsylvania in 1883.

Country
Industry:
Paints, Varnishes, Lacquers, Enamels, and Allied Products
Founded:
1883
IPO Date:
01/02/1968
ISIN Number:
I_US6935061076
Address:
One PPG Place, Pittsburgh, Pennsylvania, 15272, United States
Phone Number
412 434 3131

Key Executives

CEO:
Knavish, Timothy
CFO
Morales, Vincent
COO:
Vadlamannati, Ramaparasad