Newsroom

20/01/2017
PPG acquires automotive refinish coatings company Futian Xinshi
PPG today announced that it has acquired certain assets of automotive refinish coatings company Futian Xinshi (Futian). Financial terms were not disclosed.

19/01/2017
PPG reports fourth quarter and full-year 2016 financial results
PPG today reported fourth quarter 2016 net sales of $3.5 billion, down more than 1 percent versus the prior year. Sales in local currencies increased by more than 1 percent aided by sales volume growth approaching 2 percent year-over-year. The net impact from business portfolio actions contributed less than 1 percent to sales growth as acquisition-related sales increases modestly exceeded the absence of sales from the divested European fiber glass business. These aggregate net sales gains were more than offset by unfavorable foreign currency translation that reduced net sales by about 3 percent, or approximately $100 million.

19/01/2017
PPG reports fourth quarter and full-year 2016 financial results
PPG today reported fourth quarter 2016 net sales of $3.5 billion, down more than 1 percent versus the prior year. Sales in local currencies increased by more than 1 percent aided by sales volume growth approaching 2 percent year-over-year. The net impact from business portfolio actions contributed less than 1 percent to sales growth as acquisition-related sales increases modestly exceeded the absence of sales from the divested European fiber glass business. These aggregate net sales gains were more than offset by unfavorable foreign currency translation that reduced net sales by about 3 percent, or approximately $100 million.

19/01/2017
PPG appoints Morales as senior vice president and chief financial officer; Sklarsky announces retirement
PPG today announced that its board of directors has elected Vincent J. Morales to serve as senior vice president and chief financial officer (CFO), effective March 1. Morales is replacing Frank S. Sklarsky as CFO, who has announced his retirement also effective March 1.

19/01/2017
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 March 10 to shareholders of record Feb. 17.

05/01/2017
PPG completes acquisition of Romanian paint and coatings manufacturer DEUTEK
PPG today announced that it has completed its acquisition from the Emerging Europe Accession Fund (EEAF) of DEUTEK S.A., a leading Romanian paint and architectural coatings manufacturer that reported sales of 30 million euros in 2015. Financial terms were not disclosed.

23/12/2016
PPG reaches agreement with Knauf for sale of Plaka plasterboard business
PPG today announced that it has reached a definitive agreement to sell the assets of its Mexico-based Plaka plasterboard and cement-board business to Knauf International GmbH. The transaction is expected to close in the first half of 2017, subject to regulatory approvals and other customary closing conditions. Financial terms were not disclosed.

21/12/2016
PPG completes COLORFUL COMMUNITIES project at Whare Koa Mangere Community House in New Zealand
PPG today announced the completion of a COLORFUL COMMUNITIES™ project in Mangere, New Zealand, near Auckland that helped to revitalize Whare Koa Mangere Community House. 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, such as in Auckland, where PPG has an industrial coatings manufacturing facility and a multibusiness sales office.

20/12/2016
PPG to announce fourth quarter and full-year 2016 results Jan. 19, 2017
PPG announces details for its fourth quarter and full-year 2016 earnings release and teleconference call, Thursday, Jan. 19, 2017.

13/12/2016
PPG enhances University Talent Power Program to provide career advice to college students in China
PPG successfully completed the 2016 University Talent Power Program in China. This year, the company provided more than RMB 470,000 in scholarships for 110 talented students in 11 Chinese universities. Also, PPG enriched the program with the launch of the Career Intelligence Class, which provided professional quality and soft-skills training for over 700 college students about to enter the workforce.

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