PPG Foundation donates $10,000 to Kentucky Science Center
The PPG Foundation recently donated $10,000 to the Kentucky Science Center to support school visits by the organization’s “Ion Jones and the Lost Castle of Chemistry” traveling science education program. The donation was made on behalf of PPG’s architectural coatings plant and distribution center in Louisville.
AMERCOAT One coating by PPG earns Corrosion Innovation of the Year Award
PPG announced that AMERCOAT® One coating, the industry’s first true one-component epoxy coating, has earned a 2017 Corrosion Innovation of the Year Award from Materials Performance magazine. Product developers James McCarthy, Kamlesh Sheth and David Curran accepted the honor on behalf of PPG’s protective and marine coatings business during the CORROSION 2017 Conference and Expo, organized by NACE International, in New Orleans on March 27.
PPG to announce first quarter 2017 results April 20
PPG announces the following details for its first quarter 2017 earnings release and teleconference call, scheduled for April 20, 2017.
PPG announces automotive and industrial coatings price increases in Europe
PPG today announced that it will implement customer-specific price increases and surcharges in Europe to offset a significant rise in raw material costs. The price changes will impact a select group of automotive OEM (original equipment manufacturer) and industrial coatings products, effective May 1 or as contracts permit.
PPG begins COLORFUL COMMUNITIES project at Alabama Constitution Village in Huntsville
PPG today announced the start of a COLORFUL COMMUNITIES™ project in Huntsville, Alabama, to help renovate and beautify Constitution Hall and the site at Alabama Constitution Village, which is considered to be the birthplace of Alabama. As part of the effort, on Saturday, March 25, about 50 volunteers will serve as volunteer painters, gardeners and landscapers on the Constitution Hall grounds. The volunteers include PPG employees and family members, team members of Toyota Motor Manufacturing Alabama, and employees of the EarlyWorks Family of Museums that operates Alabama Constitution Village.
PPG makes revised proposal to combine with AkzoNobel
PPG today announced that it made a revised proposal on March 20, 2017 to acquire Akzo Nobel N.V. for €90.00 (cum dividend) per ordinary share, comprised of cash of €57.50 and 0.331 share of PPG common stock. This represents an increase of €7.00 per ordinary share from PPG’s initial offer. Including the assumption of net debt and minority interests, the proposed transaction is valued at approximately €24.5 billion, or $26.3 billion.
PPG confirms proposal for AkzoNobel
PPG today confirmed that it made an attractive and comprehensive proposal to Akzo Nobel N.V. on March 2, 2017, inviting AkzoNobel to enter into negotiations with PPG on a potential transaction to form a combined company, which AkzoNobel rejected.
Pittsburgh-area PPG PAINTS stores announce winner of Pittsburgh Penguins ‘Golden Ticket’ promotion
PPG today announced the winner of its sponsored prize package in the Pittsburgh Penguins “Golden Ticket” sweepstakes to help celebrate the NHL team’s 50th anniversary season. Rob Wentzel of the Dormont area of Pittsburgh will visit the PPG PAINTS™ store at 3315 Saw Mill Run Blvd. in the South Hills on March 9 to claim his PPG-sponsored prize as well as a Penguins® Golden Ticket, which offers him a 1-in-50 chance to win the Penguins Grand Prize of two Penguins season tickets for 20 years.
PPG marks completion of $19 million waterborne automotive coatings production line in Wuhu, China
PPG today marked the completion of a new $19 million high-performance waterborne and high-solids coatings production line at its Wuhu facility in Anhui province, China. The new line enhances the production and service capabilities of PPG’s automotive coatings business for customers in China.
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PPG announces exclusive paint partnership with National Hockey League
PPG today announced it has reached a multiyear corporate marketing agreement with the National Hockey League (NHL) to make PPG paint brands the Official Paint of the NHL® in the U.S. and Canada. Financial details and terms were not disclosed.