PPG INDUSTRIES, INC.

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PPG Announces $2.7 Million Investment for Powder Coatings Expansion in Sumaré, Brazil

12/21/2021 | 11:21am EDT

New equipment, more sustainable technology will meet growing South American demand

PPG (NYSE: PPG) today announced an investment of $2.7 million to expand its powder coatings manufacturing capabilities at its facility in Sumaré, in the Brazilian state of São Paulo. The project will increase the plant’s production capacity for powder coatings by approximately 40%, beginning in the third quarter of 2022.

The site expansion will include new equipment that will help to further PPG’s distribution of powder coatings, a highly sustainable product offering with enhanced durability, transfer efficiency and the ability to be reclaimed or reused during application. The investment aligns with PPG’s goal to have 40% of its sales by 2025 from sustainably advantaged products, while also increasing production capacity to meet growing customer demand in Brazil and other South American countries.

"PPG is a leader in providing solutions that optimize processes for our customers,” said Marizeth Carvalho, PPG general manager, industrial coatings, Americas. “The expansion of our Sumaré site reinforces our commitment to grow, share knowledge, develop our workforce and bring innovative, sustainable solutions to the marketplace."

The Sumaré plant serves the home appliance, agriculture, transportation and general finishing industries, which encompass steel furniture, storage structures, gym equipment, electrical panels and power transformers.

Powder coatings are one of the fastest growing coating technologies due to their sustainability benefits and excellent performance properties. Powder coatings do not release solvents given their low-VOC nature and are fully reusable, meaning paint that is not deposited on a substrate during application returns to the paint system to reduce waste. In an ongoing commitment to sustainable innovations that exceed customer needs, PPG is investing in powder capabilities across the globe.

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 75 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 is a trademark and the PPG Logo is a registered trademark of PPG Industries Ohio, Inc.

CATEGORY Industrial Coatings


© Business Wire 2021
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Sales 2022 18 417 M - -
Net income 2022 1 501 M - -
Net Debt 2022 5 546 M - -
P/E ratio 2022 20,1x
Yield 2022 1,92%
Capitalization 29 366 M 29 366 M -
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Nbr of Employees 49 300
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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
Timothy M. Knavish Chief Operating Officer
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