PPG Industries Inc - Company Profile
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Business Description
PPG Industries Inc 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. The company operates through two reportable business segments: Performance Coatings and Industrial Coatings. In FY2023, the company’s capital expenditure stood at US$549 million, which was equivalent to 3% of its revenue and increased 5.9% YoY.
R&D Overview
PPG conducts R&D to develop new products to achieve profitable growth. The company aligns its products with the macro trends in the end-use markets it serves, and harnesses core technology platforms to develop products for unmet needs. The company has R&D centers in Allison Park, Monroeville, Pennsylvania; Burbank, California, the US; Tianjin, China; Marly, France; Milan, Italy; Amsterdam, the Netherlands; and Tepexpan, Mexico. In FY2023, the company spent US$433 million on R&D, which as a percentage of revenue stood at 2.4% and decreased 3.3% YoY.
Business Segments
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
Target Markets
Australia, China, India, Indonesia, Japan, New Zealand, Korea, Malaysia, the Philippines, Singapore, Taiwan, Thailand, and Vietnam
Performance
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Target Markets
Algeria, Austria, Belgium, Bulgaria, Cameroon, Czech Republic, Denmark, Egypt, France, French Guiana, French Southern Territories, Guadeloupe, Hungary, Germany, Greece, Italy, Ivory Coast, Martinique, Morocco, the Netherlands, New Caledonia, Nigeria, Poland, Portugal, Romania, Russian Federation, Senegal, Slovenia, South Africa, Spain, Switzerland, Turkey, the UAE, and the UK.
Performance
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Target Markets
Argentina, Brazil, Mexico, Colombia, Panama, and Suriname
Performance
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Performance
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