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MarketScreener Homepage  >  Equities  >  Nyse  >  PPG Industries, Inc.    PPG

PPG INDUSTRIES, INC.

(PPG)
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PPG : Earns R&D 100 Recognition for Two Innovative Paint, Coatings Technologies

10/06/2020 | 02:03pm EST

PPG (NYSE: PPG) today announced that PPG CLEAN SURFACE TECHNOLOGY™, which enables stain-resistant, easy-clean interior paint, and the company’s overspray-free application for faster automotive painting have earned 2020 R&D® 100 Awards.

“At PPG, we’re constantly striving to improve our customers’ experiences, whether it’s through a service, product or technology,” said David Bem, PPG vice president, science and technology, and chief technology officer. “We’re proud to be honored with this prestigious global recognition for two innovations that leverage our broad, cross-industry expertise to meet the needs of our customers.”

PPG Clean Surface Technology is a combination of stain-resistant, soft-touch coatings originally developed to make premium electronic devices stain proof, as well as an automotive coatings technology that brings toughness and scratch resistance to car coatings. PPG Clean Surface Technology, which PPG developed to give homeowners a long-lasting, freshly painted look, is now embedded in PPG ULTRALAST™, PITTSBURGH PAINTS & STAINS™ REVOLUTION™ and DULUX® DIAMOND™ interior low sheen eggshell paint products.

The proprietary technology forms a barrier against the toughest stains, holding them at the surface of the paint film. Because stains can be washed away easily with gentle, all-purpose cleaners, PPG Clean Surface Technology reduces the need for abrasive cleaners and sponges that remove paint and leave unsightly marks when trying to clean common household stains. It also makes these products more resistant to color loss from daily abrasions and shiny spots that can result from trying to remove stains, which is common with less washable paints.

PPG’s overspray-free paint application combines a state-of-the-art automotive painting application system called EcoPaintJet (invented and offered by Dürr) and customized decorcoat paint developed by PPG to apply multiple colors to an automobile without the use of intricate masking to control where paint is applied. It is the world’s first precision application for automotive OEM coatings.

By enabling the paint to maintain crisp edges without the use of masking, the overspray-free paint application saves body shops significant time. When performing a process as simple as painting a car roof a different color from the body, for example, the process can save up to 50 minutes per car. It also eliminates energy-intensive air filtering systems that handle overspray from the paint application process, further reducing costs and time without compromising quality.

The overspray-free paint application is currently commercial for two-tone cars and is being expanded to other applications where labor- and time-intensive masking is used, such as motorcycles, garage doors, trains, buses and aircraft.

The R&D 100 Awards Committee and R&D World magazine honor the 100 most innovative technologies and services of the past year with the R&D 100 Awards. PPG has earned 29 R&D 100 Awards through the years.

PPG UltraLast paint + primer is available at PPG PAINTS™ stores, select independent retailers and www.TheHomeDepot.com. To learn more about PPG UltraLast paint + primer and see it in action, visit www.ppgpaints.com/ultralast. Pittsburgh Paints & Stains Revolution paint + primer is available exclusively at Menards stores in the U.S. Midwest, and Dulux Diamond paint is available at Dulux stores in Canada.

About the R&D 100 Awards

Since 1963, the R&D 100 Awards program has identified revolutionary technologies newly introduced to the market and celebrated the top technology products of the year. Past winners have included sophisticated testing equipment, innovative new materials, chemistry breakthroughs, biomedical products, consumer items and high-energy physics spanning industry, academia and government-sponsored research.

About R&D World Magazine

Since its founding in 1959 as Industrial Research, R&D World magazine (www.rdmag.com) has served research scientists, engineers and technical staff at laboratories around the world, providing timely, informative news and useful technical articles that broaden readers’ knowledge of the research and development industry and improve the quality of their work. R&D World magazine is a publication of the Advantage Business Media Science Group, with sister brands including Laboratory Equipment, Bioscience Technology, Drug Discovery & Development, Laboratory Design, Scientific Computing and Controlled Environments.

About Dürr

The Dürr Group is one of the world's leading mechanical and plant engineering firms with extensive expertise in automation and digitalization/Industry 4.0. Its products, systems and services enable highly efficient manufacturing processes in different industries. The Dürr Group supplies sectors like the automotive, mechanical engineering, chemical, pharmaceutical and woodworking industries. The Group operates in the market with the brands Dürr, Schenck and HOMAG.

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 $15.1 billion in 2019. 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 Logo is a registered trademark of PPG Industries Ohio, Inc.
Clean Surface Technology, Pittsburgh Paints & Stains, PPG UltraLast and Revolution are trademarks of PPG Architectural Finishes, Inc.
Diamond is a trademark and Dulux is a registered trademark of AkzoNobel and are licensed to PPG Architectural Coatings Canada, Inc. for use in Canada only.
R&D is a registered trademark of Advantage Business Media LLC.

CATEGORY Architectural Coatings Americas and Asia Pacific

CATEGORY Automotive OEM Coatings


© Business Wire 2020
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Financials (USD)
Sales 2020 13 646 M - -
Net income 2020 1 210 M - -
Net Debt 2020 2 980 M - -
P/E ratio 2020 28,8x
Yield 2020 1,43%
Capitalization 34 706 M 34 706 M -
EV / Sales 2020 2,76x
EV / Sales 2021 2,51x
Nbr of Employees 47 000
Free-Float 40,4%
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Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 147,50 $
Last Close Price 146,93 $
Spread / Highest target 21,1%
Spread / Average Target 0,39%
Spread / Lowest Target -40,8%
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Managers
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
Christopher R. Caruso Vice President-Information Technology
Hugh M. Grant Independent Director
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