PPG Industries Investor Relations Material
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Q3 2024
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Paints and Coatings
Pittsburgh Plate Glass Industries, more often than not referred to as PPG, is an American company supplying paints, coatings, and specialty materials. Founded in 1883 by Captain John B. Ford and John Pitcairn, in Pittsburgh, Pennsylvania, PPG has become a trusted name in the coatings industry. The company's products are used in various industries ranging from automotive to aerospace and it has operations in roughly 70 countries.
Beginnings in Plate Glass
In its early days, PPG primarily focused on plate glass production, positioning itself as a key supplier for the burgeoning American construction industry. However, with foresight and adaptation, the company diversified and ventured into the paint and coatings sector. This proved to be a game-changing move, propelling PPG to the forefront of the industry. Today, PPG competes with companies such as Akzo Nobel, Sherwin Williams, and Axalta, to name a few.
An Expansive Product Portfolio
The range of products offered by PPG is vast. From protective coatings that shield airplanes from environmental wear to paints that enhance and beautify homes, PPG has a solution for nearly every surface. The company's lineup includes solutions for automotive and commercial coatings, industrial finishes, and a plethora of architectural paints. Furthermore, PPG has not confined itself to just traditional coatings. The company has delved into digital color-matching tools and sustainable paint solutions, demonstrating an acute awareness of both technological advancements and environmental considerations.
Serving Diverse Industries Globally
With its vast range of products, PPG caters to a multitude of industries. Automotive manufacturers trust PPG coatings to give vehicles their lasting shine and protective finish. In the aerospace sector, aircraft are coated with PPG products that offer protection against extreme conditions. Residential and commercial builders rely on PPG paints to transform spaces and bring visions to life. The company's reach extends beyond these sectors to marine, industrial, and consumer electronics applications, among others.