Profile: PPG Industries Inc (PPG)

PPG on New York Consolidated

201.52USD
16 Sep 2014
Price Change (% chg)

$1.81 (+0.91%)
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$199.71
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Volume
435,401
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529,363
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$213.01
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$160.76

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PPG Industries, Inc. (PPG), incorporated on August 24, 1883, is a global supplier of protective and decorative coatings. PPG operates in six business segments: Performance Coatings, Industrial Coatings, Architectural Coatings-EMEA (Europe, Middle East and Africa), Optical and Specialty Materials, Commodity Chemicals and Glass. The Performance Coatings, Industrial Coatings and Architectural Coatings- EMEA segments supply protective and decorative finishes for customers in a range of end use markets, including industrial equipment, appliances and packaging; factory-finished aluminum extrusions and steel and aluminum coils; marine and aircraft equipment; automotive original equipment; and other industrial and consumer products. The Optical and Specialty Materials segment consist of the optical products and silicas businesses. PPG is a producer and supplier of basic chemicals. Glass segment produces flat glass and continuous-strand fiber glass. The Glass business segment consists of the flat glass and fiber glass businesses. In March 2014, the Company acquired all the assets of Hi-Temp Coatings Technology Co., Inc. In April 2014, PPG Industries, Inc announced the completion of its 51% ownership interest in its Transitions Optical joint venture and PPG's wholly-owned sunlens business to Essilor International. In June 2014, it acquired all of the assets of Canal Supplies Inc. In June 2014, PPG Industries Inc acquired Masterwork Paint Co. In July 2014, the Company announced that its North American architectural coatings business has completed acquisition of The Homax Group, Inc., supplier of decorative wall and ceiling texture repair products, from Olympus Partners.

Performance Coatings, Industrial Coatings and Architectural Coatings-EMEA

The Performance Coatings, Industrial Coatings and Architectural Coatings-EMEA segments supplies finishes to the automotive original equipment market (OEM), PPG supplies refinishes to the automotive aftermarket. PPG also serves commercial and residential new build and maintenance markets by supplying coatings to painting and maintenance contractors and directly to consumers for decoration and maintenance. The Performance Coatings reportable segment includes the refinish, aerospace, protective and marine and architectural-Americas and Asia Pacific coatings businesses. The refinish coatings business supplies coatings products for automotive and commercial transport/fleet repair and refurbishing, light industrial coatings for a range of markets and specialty coatings for signs. These products are sold primarily through independent distributors. The aerospace coatings business supplies sealants, coatings, technical cleaners and transparencies for commercial, military, regional jet and general aviation aircraft and transparent armor for military land vehicles. PPG supplies products to aircraft manufacturers and maintenance and aftermarket customers worldwide both on a direct basis and through a Company-owned distribution network. The protective and marine coatings business supplies coatings and finishes for the protection of metals and structures to metal fabricators, heavy duty maintenance contractors and manufacturers of ships, bridges, rail cars and shipping containers. These products are sold through the Company-owned architectural coatings stores, independent distributors and directly to customers.

The architectural coatings-Americas and Asia Pacific business primarily produces coatings used by painting and maintenance contractors and by consumers for decoration and maintenance of residential and commercial building structures. These coatings are sold under a number of brands. Architectural coatings-Americas and Asia Pacific products are sold through a combination of Company-owned stores, home centers, paint dealers, and independent distributors and directly to customers. The architectural coatings-Americas and Asia Pacific business operates about 400 Company-owned stores in North America and about 40 Company-owned stores in Australia. The Industrial Coatings segment consists of the automotive OEM, industrial and packaging coatings businesses. Industrial, automotive OEM and packaging coatings are formulated specifically for the customers’ needs and application methods. The industrial and automotive OEM coatings businesses sell directly to a variety of manufacturing companies. PPG also supplies adhesives and sealants for the automotive industry and metal pretreatments and related chemicals for industrial and automotive applications. PPG has established alliances with Kansai Paint, Helios Group and Asian Paints Ltd. to serve certain automotive original equipment manufacturers in various regions of the world. PPG owns a 60% interest in PPG Kansai Finishes to serve Japanese-based automotive OEM customers in North America and Europe. PPG owns a 60% interest in PPG Helios Ltd. to serve Russian-based automotive OEM customers in Russia and the Ukraine. PPG and Asian Paints currently each own a 50% interest in Asian PPG Paints to serve global and domestic-based automotive OEM customers in India. The packaging coatings business supplies coatings and inks to the manufacturers of aerosol, food and beverage containers. The Architectural Coatings-EMEA business supplies a variety of coatings under a number of brands and purchased sundries to painting contractors and consumers in Europe, the Middle East and Africa. Architectural Coatings -EMEA products are sold through a combination of about 650 Company-owned stores, home centers, paint dealers, and independent distributors and directly to customers.

The Company competes with Akzo Nobel N.V., BASF Corporation, E.I. duPont de Nemours and Company, Hempel A/S, the Jotun Group, Masco Corporation, the Sherwin-Williams Company, Valspar Corporation, Nippon Paint, Materis Paints and GKN plc.

Optical and Specialty Materials

The primary Optical and Specialty Materials products are Transitions lenses, optical lens materials and sunlenses; amorphous precipitated silicas for tire, battery separator and other end-use markets; and Teslin substrate used, in such applications as radio frequency identification (RFID) tags and labels, E-passports, drivers’ licenses and identification cards. Transitions lenses are processed and distributed by PPG’s 51%-owned joint venture with Essilor International.

The Company competes with Vision-Ease Lens, Carl Zeiss AG, Corning, Inc., Hoya Corporation, Mitsui Chemicals, Inc., Rhodia, S.A., J.M. Huber and Evonik Industries, A.G.

Commodity Chemicals

The Commodity Chemicals segment produces chlor-alkali and derivative products, including chlorine, caustic soda, vinyl chloride monomer, chlorinated solvents, calcium hypochlorite, ethylene dichloride, hydrochloric acid and phosgene derivatives. Most of these products are sold directly to manufacturing companies in the chemical processing, plastics, including polyvinyl chloride (PVC), paper, minerals, metals and water treatment industries.

The Company competes with The Dow Chemical Company, Formosa Plastics Corporation, U.S.A., Georgia Gulf Corporation, Occidental Chemical Corporation, Olin Corporation, Shintech, Inc and Westlake Chemical Corporation.

Glass

PPG is a producer of flat glass in North America and a global producer of continuous-strand fiber glass. PPG’s markets are commercial and residential construction and the wind energy, energy infrastructure, transportation and electronics industries. Most glass products are sold directly to manufacturing companies. PPG manufactures flat glass by the float process and fiber glass by the continuous-strand process.

The Company competes with Asahi Glass Company, Cardinal Glass Industries, Guardian Industries, NSG Pilkington, Owens Corning-Vetrotex, Jushi Group, Johns Manville Corporation, CPIC Fiberglass, AGY, NEG, 3B and Taishan Fiberglass.

Company Address

PPG Industries Inc

ONE PPG PL 40 EAST
PITTSBURGH   PA   15272
P: +1412.4343131

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