PPG.com protective and marine coatings projects
PPG Industries
Founded in 1883 under the name Pittsburgh Plate Glass Company, PPG Industries is the leader in the United States in the manufacturing of glass and chemical products, including safety glass in automobiles. PPG supplies its range of products to manufacturing, construction, automotive, and chemical processing industries. The production line runs through coatings segment producing of protective and decorative finishes; chemicals segment manufacturing chlor-alkali and specialty chemicals; and the glass segment producing flat, fabricated, and continuous strand fiber glass for industrial applications. The headquarters of the company is in downtown Pittsburgh and has more than 150 manufacturing facilities and equity affiliates and operates in more than 60 countries. PPG shares are traded on the New York Stock Exchange (symbol: PPG). The main competitors of the company are Akzo Nobel, Nippon Sheet Glass, and Sherwin-Williams
History
Pittsburgh Plate Glass Company (PPG) was founded by Captain John B. Ford and John Pitcairn in the year 1883. Regarded as the first financially successful U.S. plate glass manufacturer, PPG was located in Creighton, Pennsylvania, northeast of Pittsburgh. The headquarters was moved to Pittsburgh in 1895. Acquiring a major interest in Milwaukee, Wisconsin based Patton Paint Company in 1900, PPG expanded into coatings and resins. In 1907, the company established its first window glass factory in Mount Vernon, Ohio, with the second one in Clarksburg, West Virginia in 1915. When the subsidiaries of the company yielded more than 50 percent of the annual returns in 1919, the company folded the subsidiaries into the parent company making them its divisions. With glass consumption in the construction and automobile industry reaching record levels in 1920 in the United States, the company ably met the demand by increasing its production, rising to the forefront of the industry.
As early as 1929, the company supplied more than 500 harmonious hues to 40 automakers. In 1950s, PPG introduced lead-free house paints eventually bringing out latex-based interior and exterior paints. The sales of the company in 1955 topped with $500 millions. By this time, the company had seven glass plants, three glass-fabricating plants, two specialty plants, two fiberglass plants, 17 coating and resins plants, and five chemical plants. In 1963, the company was the first to manufacture float glass. A heavy capital-investment program in the year 1960 moved the company’s sales to $1 billion by the year 1968. It was in this year that the company changed its name to PPG Industries, Inc. in view of reflecting its size, diverse range and worldwide presence. In 1985, the heirs of John Pitcairn sold their remaining stake in PPG back to the company for $530 million. With developments in diverse fields, the company is marching ahead successfully with profitable acquisitions and global expansions concentrating in the regions of Latin American and Asia-Pacific.
Products and Services
The company operates in five distinct segments: Industrial Coatings, Performance and Applied Coatings, Optical and Specialty Materials, Commodity Chemicals and Glass. Through the Industrial Coatings, and Performance and Applied Coatings segment, the company supplies protective and decorative finishes for equipment industry, packaging industry, steel and aluminum manufacturers, marine and aircraft industry, automotive manufacturers and other industrial and consumer products manufacturers. The Optical and Specialty division manufactures optical products, silica and fine chemicals operating segments. The Commodity Chemicals division manufactures chlor-alkali and derivative products like chlorine, caustic soda, vinyl chloride monomer, chlorinated solvents, chlorinated benzenes, calcium hypochlorite, ethylene dichloride and phosgene derivatives. The Glass segment produces the automotive original equipment manufacturing (OEM) glass, automotive replacement glass, performance glazing and fiberglass operating segments.
More than 85% of the Company's sales ensues from sales within the United States, Canada and Western Europe, while the remaining is generated from Asia, Eastern Europe and Latin America. The company is the global leader in flat glass, second-largest maker of continuous-strand fiberglass, and the world's largest producer of automotive and industrial coatings and optical resins. The company operates more than 100 manufacturing facilities worldwide in addition to 450 paint retail centers in the US. The company is listed in the New York stock exchange with the ticker symbol PPG. The annual revenue of the company is over $11 billion with a net income of over $711 millions. The company has employed more than 32,200 people worldwide.
Official Website
The official website of the company is PPG.com. The site gives a broad and comprehensive overview of the company’s products and services. The site is made highly interesting by displaying the recent developments and innovations by the company with a detailed analysis of the technical aspects of some of the leading products. To know more about the corporate profile, history and market analysis of the company, the sites listed under references and additional readings can be consulted.
Languages
English
Address
- 425 Kalihi Street
- Honolulu HI 96819 US
Contact
- PPG Industries, Inc.
-
- +1 412 434 3131, Fax: +1 412 434 2500
Additional Information
Related Domains
External Links
- Stock: PPG
- Alexa: Ppg.com
- BizJournals.com Article
- BizJournals.com Article 2
- BizJournals Article 3
- NYTimes.com
- Topix.net
References
- 1) PPG.com
- 2) Wikipedia
- 3) Reuters
- 4) Hoovers
- 5) Funding Universe
