PPG Industries Inc
(NYSE: PPG)
155.72
-0.85
-0.54%
-0.85
-0.54%
MORE ON PPG
COMPANY INFORMATION
| Exchange: | New York Stock Exchange |
| Stock: | PPG Industries, Inc. |
| Industry: | Specialty Chemicals |
| Employees: | 39,900 |
DESCRIPTION
| PPG Industries, Inc. was incorporated in Pennsylvania in 1883. The Company manufactures coatings, glass and chemical products. It is comprised of six reportable business segments: Performance Coatings, Industrial Coatings, Architectural Coatings - EMEA, Optical and Specialty Materials, Commodity Chemicals and Glass. The Performance Coatings reportable segment is comprised of the refinish, aerospace, architectural coatings – Americas and Asia Pacific and protective and marine coatings operating segments. This reportable segment mainly supplies a variety of protective and decorative coatings, sealants and finishes along with paint strippers, stains and related chemicals, as well as transparencies and transparent armor. The Industrial Coatings reportable segment is comprised of the automotive, industrial and packaging coatings operating segments. This reportable segment mainly supplies a variety of protective and decorative coatings and finishes along with adhesives, sealants, inks and metal pretreatment products. The Architectural Coatings – EMEA reportable segment is comprised of the architectural coatings – EMEA operating segment. This reportable segment mainly 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. The Optical and Specialty Materials reportable segment is comprised of the optical products and silicas operating segments. The primary Optical and Specialty Materials products are Transitions® lenses, sunlenses, optical lens materials, amorphous precipitated silica products and Teslin® synthetic printing sheet. The Commodity Chemicals reportable segment is comprised of the chlor-alkali and derivatives operating segment. The main chlor-alkali and derivative products are chlorine, caustic soda, vinyl chloride monomer, chlorinated solvents, calcium hypochlorite, ethylene dichloride, hydrochloric acid and phosgene derivatives. The Glass reportable segment is comprised of the performance glazings and fiber glass operating segments. This reportable segment mainly supplies flat glass and continuous-strand fiber glass products. Production facilities and markets for Performance Coatings, Industrial Coatings, Architectural Coatings – EMEA, Optical and Specialty Materials, Commodity Chemicals and Glass are significantly in North America and Europe. The Company's raw materials are titanium dioxide and epoxy and other resins in the Coatings businesses; lenses, sand and soda ash in the Optical and Specialty Materials businesses; brine and ethylene in the Commodity Chemicals business; and sand and soda ash in the Glass businesses. Supply of critical raw materials and energy is managed by establishing contracts, multiple sources, and identifying alternative materials or technology, whenever possible. Each of the business segments in which the Company is engaged is highly competitive. The Company's competitors for the Performance Coatings segment are Akzo Nobel NV, BASF Corporation, the DuPont Company, the Sherwin-Williams Company and Valspar Corporation; for Industrial Coatings segment are Akzo Nobel NV, BASF Corporation, the DuPont Company, Valspar Corporation and Nippon Paint; for Architectural Coatings – EMEA segment are Akzo Nobel NV and Materis Paints. |
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