PPG Industries

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PPG Industries
Type Public
Traded as NYSEPPG
S&P 500 Component
Industry Glass
Founded 1883
Founder(s) John Baptiste Ford
John Pitcairn, Jr.
Headquarters Pittsburgh, PA, U.S.
Area served Worldwide
Key people Charles E. Bunch
(Chairman) & (CEO)
Products Fiberglass
Plate glass
Aerospace coatings
Architectural coating
Industrial coatings
Services Manufacturing
Revenue Increase US$ 15.2 billion (2012)
Operating income Increase US$ 769 million (2010)
Net income Increase US$ 1,095 million (2011)
Total assets Increase US$ 14.240 billion (2009)
Total equity Increase US$ 3.753 billion (2009)
Employees 38,300 (2010)
Website www.ppg.com

PPG Industries is an American global supplier of paints, coatings, optical products, specialty materials, chemicals, glass, and fiberglass. With headquarters in Pittsburgh, Pennsylvania, PPG operates in more than 70 countries around the globe. Sales in 2012 were $15.2 billion. It is headquartered in PPG Place, a popular office and retail complex in downtown Pittsburgh, Pennsylvania, and is known for its glass facade designed by Philip Johnson. Founded in 1883 by Captain John Baptiste Ford and John Pitcairn, Jr., as the Pittsburgh Plate Glass Company at Creighton, Pennsylvania; the company changed its name to PPG Industries, Inc., on 19 December 1968 to show its diverse offerings. Ditzler Color Company, established in 1902 in Detroit as an automotive color concern, was purchased by Pittsburgh Plate Glass Company (now PPG) in 1928. In 1990 it founded and continues to operate Transitions Optical as a joint venture with Essilor.[1][2] However, in 1997, the company was involved in a lawsuit on failing to disclose a purchase reduction of its two major auto glass customers.[3] On 2 January 2008, PPG acquired the SigmaKalon Group of companies for $3.2 billion from private investment firm Bain Capital, strongly increasing its paint and specialty coatings business.[4] On April 1, 2013 PPG completed the acquisition of AkzoNobel North American architectural coatings business including Glidden, Liquid Nails, and Flood brands.[5]

Environmental record[edit]

In November 2010, PPG agreed to remove 700,000 tons of toxic waste from Canal Crossing, a brownfield site in Jersey City, New Jersey where the company operated a chromium processing plant between 1954 and 1963.[6][7][8][9] Stringent standards were agreed to in a federal court settlement.[10]

PPG Industries will soon begin creating wetlands along the Calcasieu River as the final phase of a project to remediate and reroute the water discharge canal at its Lake Charles facility. The initiative, which began more than a year ago, reroutes the plant’s water discharge point from Bayou d’Inde to the Calcasieu River and creates 20 acres (81,000 m2) of wetlands adjacent to the Interstate 210 bridge.[11]

Lime Lake Reclamation Project of PPG Industries in Barberton, Ohio, received special awards in the National Beneficial Use of Biosolids Program from Environmental Protection Agency’s (EPA) region 5 in 1998.

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