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PPG INDUSTRIES, INC.

(PPG)
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PPG : Introduces PPG : ERGOLUXE Coatings for Metal Office Furniture

04/22/2021 | 01:56pm EDT

Durable powder coatings deliver consistent gloss, color consistency, sustainability

PPG (NYSE:PPG) today announced the introduction of PPG ERGOLUXE™ powder coatings for metal office furniture. Offering a unique polyester-hybrid technology, the new coatings provide styling and sustainability benefits over traditional liquid or solvent-based coatings for seating solutions, desks, cabinets and more.

In addition to consistent gloss, color consistency and durability, PPG ErgoLuxe powder coatings offer a waste-saving, first-pass transfer efficiency rate of up to 85% and the ability to reclaim and reuse overspray. The coatings are also available in ErgoLuxe Eco, a unique formula that contains up to 13% recycled polyethylene terephthalate (rPET). Since 2017, PPG has used more than 6 million pounds of rPET to manufacture its coatings.

PPG ErgoLuxe powder coatings offer reliable batch-to-batch consistency and are available in solids, an extensive range of bonded metallics, ultra-smooth finishes and multi-color textures. The coatings provide excellent hardness, flexibility, and stain and fade resistance, and they are available with XMR technology for scratch resistance. Formulas are also available to meet SEFA 8.1 requirements.

“Every office space has its own unique design and styling challenges,” said Shelley Verdun, PPG business manager, powder, industrial coatings. “PPG ErgoLuxe coatings are designed to meet those challenges by providing strong and durable powder coatings for even the most modern office solutions.”

For more information on PPG ErgoLuxe powder coatings, visit PPGIndustrialCoatings.com, connect with PPG on LinkedIn or call 1-800-258-6398.

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.

We protect and beautify the world and ERGOLUXE are trademarks and the PPG logo is a registered trademark of PPG Industries Ohio, Inc.

CATEGORY Industrial Coatings


© Business Wire 2021
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Financials (USD)
Sales 2021 16 656 M - -
Net income 2021 1 739 M - -
Net Debt 2021 4 805 M - -
P/E ratio 2021 23,5x
Yield 2021 1,28%
Capitalization 40 581 M 40 581 M -
EV / Sales 2021 2,72x
EV / Sales 2022 2,51x
Nbr of Employees 46 900
Free-Float 40,6%
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 181,55 $
Last Close Price 171,16 $
Spread / Highest target 20,4%
Spread / Average Target 6,07%
Spread / Lowest Target -43,9%
EPS Revisions
Managers and Directors
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
Bhaskar Ramachandran Chief Information Officer & Vice President
Robert King VP-Global Operations, Industrial Segment
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