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PPG INDUSTRIES, INC.

(PPG)
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PPG Industries : introduces AUE-20 OEM 2.1 VOC Clearcoat for heavy-duty applications

06/17/2021 | 05:01pm EDT

STRONGSVILLE, Ohio, June 17, 2021 - PPG (NYSE:PPG) today announced the launch of AUE-20 OEM 2.1 VOC Clearcoat, which provides added durability and protection from ultraviolet (UV) sunlight on heavy-duty vehicles and equipment operating in harsh conditions. The new low-VOC clearcoat is formulated specifically for use over one of PPG's approved AUE polyurethane topcoats from its Commercial Performance Coatings line.

'Our customers will appreciate how this new clearcoat can enhance the long-term durability and appearance of their assets,' said Michael Cooney, PPG product manager, industrial segments, commercial coatings, automotive refinish. 'Painters will appreciate how easy the product is to apply, along with its excellent adhesion, film build and sag resistance.'

The addition of PPG AUE-20 OEM 2.1 Clearcoat enables PPG to offer a complete low-VOC system for targeted customers. The system includes a zinc-rich epoxy primer, mid-coat corrosion-resistant epoxy primer and 2.8 VOC direct-gloss colors, allowing customers limited by a VOC emissions cap to spray more product and increase their total output.

The introduction of PPG AUE-20 OEM 2.1 VOC Clearcoat coincides with the release of PPG's Q99/01 High Temperature/High Pressure Reducer. This new reducer is specifically formulated for use with PPG AUE-20 OEM 2.1 Clearcoat when application temperatures are high or when high-pressure equipment is being used.

For more information about PPG AUE-20 OEM 2.1 VOC Clearcoat, Q99/01 High Temperature/High Pressure Reducer and other PPG Commercial Performance Coatings, visit www.ppgcommercialcoatings.com or call 800-647-6050.


PPG: WE PROTECT AND BEAUTIFY THE WORLD™

At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and 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 $13.8 billion in 2020. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.

The PPG Logo and We protect and beautify the world are registered trademarks of PPG Industries Ohio, Inc.


Disclaimer

PPG Industries Inc. published this content on 17 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 June 2021 21:00:04 UTC.


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Financials (USD)
Sales 2021 17 085 M - -
Net income 2021 1 690 M - -
Net Debt 2021 5 205 M - -
P/E ratio 2021 23,6x
Yield 2021 1,38%
Capitalization 38 772 M 38 772 M -
EV / Sales 2021 2,57x
EV / Sales 2022 2,36x
Nbr of Employees 46 900
Free-Float 40,7%
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Mean consensus OUTPERFORM
Number of Analysts 26
Last Close Price 163,35 $
Average target price 178,90 $
Spread / Average Target 9,52%
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Managers and Directors
Michael H. McGarry Chairman & Chief Executive Officer
Vincent J. Morales Chief Financial Officer & Senior Vice President
David S. Bem CTO, Vice President-Science & Technology
Bhaskar Ramachandran Chief Information Officer & Vice President
Robert King VP-Global Operations, Industrial Segment
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