“Market Cap $27.27 B As of May 2014
At a Glance
- Industry: Diversified Chemicals
- Founded: 1883
- Country: United States
- CEO: Charles Bunch
- Website: www.ppg.com
- Employees: 1,436
- Sales: $15.11 B
- Headquarters: Pittsburgh, Pennsylvania
#440 Global 2000
- #627 in Sales
- #192 in Profit
- #1272 in Assets
- #406 in Market value
PPG Industries, Inc. manufactures protective and decorative coatings, flat glass, and glass products. It operates through six reportable business segments: Performance Coatings, Industrial Coatings, Architectural Coatings-EMEA (Europe, Middle East and Africa), Optical and Specialty Materials, Commodity Chemicals, and Glass. The Performance Coatings, Industrial Coatings, and Architectural Coatings-EMEA segments supply coatings for customers in a wide array of end use markets, including industrial equipment, appliances and packaging; factory-finished aluminum extrusions and steel and aluminum coils; marine and aircraft equipment; automotive original equipment; and other industrial and consumer products. In addition to supplying coatings to the automotive original equipment market, it supplies refinishes to the automotive aftermarket. The company also serves commercial and residential new build and maintenance markets by supplying coatings to painting and maintenance contractors and directly to consumers for decoration and maintenance. The Performance Coatings segment is comprised of the refinish, aerospace, protective and marine coatings, and architectural coatings businesses. The Industrial Coatings segment is comprised of the automotive original equipment market, industrial and packaging coatings businesses. The Aerospace Coatings business supplies sealants, coatings, technical cleaners, and transparencies for commercial, military, and regional jets; general aviation aircrafts; and military land vehicles. The Protective and Marine Coatings business supplies coatings and finishes to protect metals and structures, like ships, bridges, rail cars, and shipping containers. The Architectural Coatings-Americas and Asia Pacific business primarily produces coatings used by painting and maintenance contractors, as well as consumers for decoration and maintenance of residential and commercial building structures. The Optical and Specialty Materials segment is comprised of the optical products and silicas businesses. It offers many products, including Transitions lenses, optical lens materials, and high performance sunlenses; amorphous precipitated silicas for tire, battery separator, and other end-use markets; and Teslin substrate, which is used in such applications as radio frequency identification, tags and labels, e-passports, drivers’ licenses, and identification cards. The Commodity Chemicals segment produces chlor-alkali and derivative products, which include chlorine, caustic soda, vinyl chloride monomer, chlorinated solvents, calcium hypochlorite, ethylene dichloride, hydrochloric acid, and phosgene derivatives. The Glass segment is comprised of the flat glass and fiber glass businesses. The company was founded by John B. Ford and John A. Pitcairn in 1883 and is headquartered in Pittsburgh, PA.“
“PPG Industries History
Celebrating 130 years of Innovation and Color Leadership
PPG Industries was founded in 1883 when Capt. John B. Ford and John Pitcairn started the first commercially successful plate glass factory in the United States at Creighton, Pa. Known as the Pittsburgh Plate Glass Co., the enterprise focused on innovation and quality…and 130 years later, PPG Industries is still dedicated to these priorities.
During the company’s first decade, its flat glass production expanded rapidly through new facilities and acquisitions. In 1899, the business diversified with the construction of an alkali plant in Barberton, Ohio, to supply raw materials for glassmaking – the precursor to PPG’s chemicals businesses. A year later, PPG started building its coatings business by acquiring an interest in Wisconsin-based Patton Paint Co. which proved a good fit for the company because paint and glass products typically reach the customers through the same distribution channels.
During the 1900s, PPG becomes one of the first U.S. firms to expand operations in Europe, acquiring a glass plant in Belgium.Glass and paint provided continued growth in the 1920s, as the automotive industry and skyscraper construction expanded.
- The automotive industry starts using more glass as the open touring car gives way to the sedan.
- PPG revolutionizes plate glassmaking with straight line conveyor-based ribbon method – a vast improvement over the batch method (photo right.)
- PPG begins supplying aerospace transparencies, providing roll-up windows for the Ford Trimotor.
- PPG acquires Ditzler Color Company and begins producing more than 500 “harmonious hues” for 40 automakers.
- PPG introduces SOLEX® heat-absorbing glass.
- PPG shows its muscle and introduces Herculite tempered glass, several times stronger and more shatter-resistant than ordinary plate glass.
The year before Pearl Harbor is attacked, PPG develops laminated aircraft glass. During WWII, the company converts much of its production into materials for military use and begins to develop synthetic resins that lead to plastics, high-performance paints and industrial coatings.
In the early 1940s, PPG entered the optical products business with the introduction of CR-39® optical monomer. The company has a vision for its future as it patents CR-39 monomer and begins a journey into creating a successful line of optical products (which will later include Transitions lenses).This material still is used widely in prescription lenses, along with the company’s array of other lens materials.
Post-WWII prosperity leads to increased car production and home and building construction. The company introduces lead-free house paints and begins to manufacture fiber glass for circuit boards, window screening and plastics reinforcement.
In 1952, PPG established its fiber glass business, recognizing the potential of another type of glass product.
- Cars get a new lease on life as PPG revolutionizes the auto industry with the commercialization of the electrodeposition coating process, virtually eliminating rust (photo right.)
- PPG’s businesses are diverse. A number of foreign production operations and strategic planning moves the company toward a global focus. At the same time, the historic plate process for making flat glass is becoming obsolete with the adoption of the much more efficient float process.
- Reflecting its diversification, Pittsburgh Plate Glass Company changes its name to PPG Industries. As a bonus, the company reaches $1 billion in sales.A result of its diversification, growth and increasingly global presence, the company changed its name to PPG Industries in 1968.
- The oil embargo and rising costs of gas and electricity revive interests in solar energy. PPG is the first major corporation to develop a flat-plate solar collector.
- PPG expands its groovy color palette by introducing the DesignaColor System for custom-tinting consumer paints.
- PPG introduces TESLIN® substrate, a synthetic printing material that resists water, abrasion, extreme temperatures and UV damage. Its durability makes it ideal for passports, photo IDs, maps, menus and much more.
- In 1987, PPG’s chlor-alkali business makes a splash when it introduces the SUSTAIN® Pool Care System, delivering chlorine more evenly and accurately for easier pool care.
- In 1989, PPG begins a flurry of acquisitions that expand the company’s offering of automotive, industrial, aerospace and packaging coatings around the world.
PPG develops photochromic lenses that automatically darken in sunlight and block harmful UV rays. Today, TRANSITIONS® lenses are the eyecare industry’s most recommended photochromic lenses.
- Becoming ever-more global, PPG opens a new development laboratory in Japan for automotive coatings.
- In 1998, PPG proves its “can-do” attitude by developing more efficient solvent-based coatings for easy-opening lids on beverage cans.
- PPG silicas are used to strengthen the perfomance of athletic footwear, while flexible coatings add durability and color.
- As the need for alternative energy sources grows, PPG fiber glass plays a role in the manufacture of lighter and stronger wind turbines.
- PPG broadens its transparent armor product portfolio with the acquisition of Sierracin Corp., adding high-performance lightweight transparent armor solutions that can withstand severe ballistic and blast threats.
- In 2008, PPG makes the largest acquisition in its history, of the SigmaKalon Group, a worldwide coatings producer. SigmaKalon brought strong architectural paint, protective and marine coatings, and industrial coatings businesses, and it greatly expanded PPG’s footprint in Western and Eastern Europe, Asia, and Africa.
PPG continues to accelerate the pace of its business portfolio transformation and to grow its position as the leading global coatings and specialty products company.
In January 2013, the company successfully separated its chlor-alkali and derivatives business and then merged its wholly-owned subsidiary Eagle Spinco Inc., the entity holding the former chlor-alkali and derivatives business, with a subsidiary of Georgia Gulf Corporation. The combined company formed by this transaction is named Axiall Corporation.
Also, PPG closed the second-largest acquisition in its history – of the North American architectural coatings business of AkzoNobel – in the first half of 2013. This acquisition has expanded PPG’s customer reach in the U.S., Canada and the Caribbean; it has also made PPG the largest coatings company worldwide. With 2011 revenues of about $1.5 billion, the acquired business includes leading brands such as GLIDDEN, FLOOD, LIQUID NAILS, SICO and CIL, and PPG will license the DULUX and DEVOE architectural coatings brands and the SIKKENS architectural wood products brand.
About 130 years after its founding, PPG still holds true to the spirit of Ford and Pitcairn, BRINGING INNOVATION TO THE SURFACE to offer customers in a wide range of markets and geographic locations unique technologies, services and other solutions. “
*Information from Forbes.com and Ppg.com
**Video published on YouTube by “PPGIndustriesInc“