PPG Industries
PPG Industries, Inc. is a global leader in the manufacturing and distribution of paints, coatings, and specialty materials. With a history dating back to 1883, PPG has grown into a multinational entity that operates in various regions including the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa.
The company's vision is to be the first-choice partner for customers seeking innovative solutions in paints, coatings, and specialty materials. PPG prides itself on its ability to enrich lives through its products, which not only protect but also beautify the world.
PPG operates through two main segments: Performance Coatings and Industrial Coatings. The Performance Coatings segment includes a variety of paints, coatings, and materials for automotive and commercial transport, automotive refinish, and industrial applications. The Industrial Coatings segment, on the other hand, provides coatings for appliances, agricultural and construction equipment, consumer electronics, automotive parts, and residential and commercial construction.
Innovation is at the forefront of PPG's operations. The company is committed to sustainable innovation and aims to have 50% of its sales come from sustainably advantaged products by 2030. This commitment is reflected in their annual investment of approximately 3% of net sales in research and development, driving the creation of new and innovative products.
PPG also places a strong emphasis on community engagement and sustainability. Through its COLORFUL COMMUNITIES® program, PPG combines the efforts of employee volunteers, paint products, and charitable contributions to bring color and brightness to neighborhoods. The PPG Foundation supports educational programs, particularly in science, technology, engineering, and mathematics-related fields, to advance tomorrow's leaders.
Financially, PPG has demonstrated robust performance with $18.2 billion in sales in 2023 and a significant portion of sales coming from sustainably advantaged products. The company's disciplined approach to cash deployment supports its hallmark dividend payment history.
With over 50,000 employees globally and operations in more than 70 countries, PPG's reach and impact are extensive. The company's dedication to protecting shared resources and creating sustainable products has made it a trusted name in the industry, as it continues to protect and beautify communities around the world.