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PPG INDUSTRIES

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PPG Industries : announces $275,000 grant to renovate the interactive chemistry laboratory at National Museum of Science and Technology Leonardo da Vinci in Milan

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09/12/2019 | 12:17pm EDT

MILAN, Sept. 12, 2019 - PPG (NYSE: PPG) today announced a three-year, $275,000 (250,000 euros) grant to renovate the interactive chemistry laboratory at the National Museum of Science and Technology Leonardo da Vinci in Milan. The project's start marks the 500th anniversary of the artist's death in 1519, with the renovated laboratory scheduled to open in early 2021.

Under the guidance of expert researchers, the laboratory provides primary, secondary and high school students with opportunities for informal learning through dedicated educational activities focused on chemistry. It is one of 14 specially designed interactive spaces in the Museum, which is recognized throughout Europe for its leadership role in STEM education.

'STEM education is a responsibility, a mandate and a priority for our museum,' said Giovanni Crupi, head of development, National Museum of Science and Technology Leonardo da Vinci. 'We want to innovate our labs to better serve our communities. Thanks to PPG, we can create a new powerful education resource to inspire and engage our guests in science-oriented experiences.'

The laboratory project is part of PPG's global community engagement efforts to offer young people opportunities to develop their knowledge and skills in science, technology, engineering and math (STEM) in a practical and engaging way.

'The lab is an important resource to educate and engage with thousands of students, teachers, families and visitors each year, with the goal of creating a positive relationship with the complex world of chemistry,' said Andrea Giunta, PPG global technical director, automotive refinish. 'PPG has been partnering with the National Museum of Science and Technology Leonardo da Vinci since 2016 on STEM education, and we are very excited to continue that relationship with the laboratory project.'

Past collaborations included Speed Date, where students could ask questions and receive advice from PPG experts who specialize in chemistry-related subjects; Notte al Museo (Night at the Museum), which provided young children with the opportunity to play the role of scientific investigators as they explored the Museum's exhibits with their parents; and Introduction to Science, where nearly 500 secondary school students and their teachers participated in special lessons that were organized in the Museum's chemistry and physics lab.

PPG's global community engagement efforts and the PPG Foundation aim to bring color and brightness to PPG communities around the world. We invested more than $9 million in 2018, supporting hundreds of organizations across 28 countries. By investing in educational opportunities, we help grow today's skilled workforce and develop tomorrow's innovators in fields related to coatings and manufacturing. Plus, we empower PPG employees to multiply their impact for causes that are important to them by supporting their volunteer efforts and charitable giving. Learn more at www.ppgcommunities.com.

PPG: WE PROTECT AND BEAUTIFY THE WORLD™

At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and specialty materials that our customers have trusted for more than 135 years. Through dedication and creativity, we solve our customers' biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 70 countries and reported net sales of $15.4 billion in 2018. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.

We protect and beautify the world is a trademark and the PPG Logois a registered trademark of PPG Industries Ohio, Inc.

Disclaimer

PPG Industries Inc. published this content on 12 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 September 2019 16:16:01 UTC

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Financials (USD)
Sales 2019 15 377 M
EBIT 2019 2 065 M
Net income 2019 1 385 M
Debt 2019 3 890 M
Yield 2019 1,72%
P/E ratio 2019 19,7x
P/E ratio 2020 16,7x
EV / Sales2019 2,03x
EV / Sales2020 1,92x
Capitalization 27 259 M
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Number of Analysts 26
Average target price 122,82  $
Last Close Price 115,36  $
Spread / Highest target 22,2%
Spread / Average Target 6,47%
Spread / Lowest Target -26,3%
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NameTitle
Michael H. McGarry Chairman & Chief Executive Officer
Vincent J. Morales Chief Financial Officer & Senior Vice President
David S. Bem CTO, Vice President-Science & Technology
Michele J. Hooper Independent Director
James G. Berges Independent Director
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