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PPG INDUSTRIES, INC.

(PPG)
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PPG Launches Expanded Automotive OEM Clearcoat Production in Germany

12/01/2021 | 08:50am EST

Technology increases operational efficiency, sustainability, flexibility

PPG (NYSE: PPG) today announced the start-up of expanded automotive OEM clearcoat production at its facility in Erlenbach, Germany. The €3 million project nearly doubles the site’s capacity for premium clearcoats and uses advanced manufacturing technology to improve operational efficiency, sustainability and flexibility compared to conventional processes.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211201005623/en/

PPG business and site leaders celebrate the opening of the expanded clearcoat facility in Erlenbach. (Photo: Business Wire)

PPG business and site leaders celebrate the opening of the expanded clearcoat facility in Erlenbach. (Photo: Business Wire)

“This is an important investment that ensures we will continue to meet the growing regional demand for our premium clearcoats, which offer the world-class finish with superior appearance and durability that our customers demand,” said Roald Johannsen, PPG vice president, automotive OEM coatings, Europe, Middle East and Africa. “Using advanced manufacturing technology also gives us increased flexibility to produce different products in multiple batch sizes in the most sustainable way.”

PPG acquired the Erlenbach site from Hemmelrath in 2019 to enhance its automotive coatings offering and add formulating and manufacturing capability. The new clearcoat facility uses a fully automated, state-of-the-art and highly sustainable production process that boasts shorter and faster manufacturing times and flexible manufacturing of multiple batch sizes of up to 25 metric tons.

“This investment makes our Erlenbach facility a center of excellence for clearcoats, using best-in-class technologies to deliver superior scratch- and chemical-resistant coatings that are highly durable,” Johannsen said. “It will further strengthen our position as a leading manufacturer of the most advanced and innovative clearcoats that are capable of meeting or exceeding the most demanding OEM quality and performance specifications.”

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 Automotive OEM Coatings


ę Business Wire 2021
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Financials (USD)
Sales 2021 16 671 M - -
Net income 2021 1 472 M - -
Net Debt 2021 5 275 M - -
P/E ratio 2021 25,9x
Yield 2021 1,48%
Capitalization 36 415 M 36 415 M -
EV / Sales 2021 2,50x
EV / Sales 2022 2,26x
Nbr of Employees 46 900
Free-Float -
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PPG Industries, Inc. Technical Analysis Chart | PPG | US6935061076 | MarketScreener
Technical analysis trends PPG INDUSTRIES, INC.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 24
Last Close Price 153,39 $
Average target price 174,95 $
Spread / Average Target 14,1%
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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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