PPG Industries Inc - Company Profile
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Business Description
PPG Industries Inc (PPG) is a chemical company that manufactures and distributes paints, coatings, optical products, and specialty materials. It serves customers in the transportation, consumer products, industrial, and construction markets and aftermarkets.
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R&D Overview
PPG focuses on optimizing its investment in Research and Development (R&D) to create new products that drive profitable growth. The company aligns its product development with macro trends in the markets it serves, emphasizing sustainability and productivity. PPG leverages core technology platforms to address unmet market needs and operates laboratories near its customers to customize products for specific end-use applications. The company also pursues government funding for a portion of its research efforts and operates several facilities for R&D of new and improved products and processes. PPG has 19 R&D centers located in various countries, including the US, China, Italy, Germany, France, Brazil, the Netherlands, Finland, Mexico, South Korea, Poland, Thailand, and others. In FY2024, the company spent US$423 million on R&D, which as a percentage of revenue stood at 3% and declined by 0.2% YoY.
Business Segments
Overview
- Supplies a variety of decorative coatings, adhesives, sealants and finishes along with paint strippers, stains and related chemicals. - Comprised of the architectural coatings EMEA and architectural coatings Latin America and Asia Pacific operating segments. This business segment also primarily supplies paints, wood stains, adhesives, sealants and purchased sundries.
Performance
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Overview
Offers 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. The company has also established a partnership with Kansai Paints to serve certain Japan-based Automotive OEM customers North America and Europe.
Performance
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Overview
Supplies a variety of protective and decorative coatings, adhesives, sealants and finishes. It also offers paint strippers, stains, transparencies, transparent armor and paint films. It also partners with Asian Paints Ltd in India to serve certain automotive refinish customers. Moreover, the company operates this segment through four strategic business units, Automotive OEM Coatings, Industrial Coatings, Packaging Coatings and Specialty Coatings and Materials.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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