ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

PPG invests $11 million to double powder coatings capacity in Mexico

By: via Business Wire

PPG (NYSE: PPG) today announced that it will invest $11 million to double the production capacity of its powder coatings plant in San Juan del Rio, Mexico. The expansion project is expected to be completed by mid-2023 and will allow the plant to meet the expected future demand for powder coatings in Mexico.

“With this investment, the plant will have new, state-of-the-art manufacturing technology, enhancing production practices and process flow,” said Guillermo Peña, PPG director, Industrial Coatings, Mexico. “It will further improve the plant's productivity and benefit our customers with improved service levels and faster response.”

The project will involve the installation of new production lines, upgrades to existing equipment and increased application capabilities. The increase in production will also allow PPG to locally manufacture new, innovative powder coatings products that are currently supplied from the U.S., including the following:

“This expansion reaffirms PPG's confidence in Mexico and the strategic role of the San Juan del Rio site for the powder coatings business,” said Kevin Braun, PPG vice president, global Industrial Coatings. “Powder coating technology is becoming a more functional and profitable option for many customers due to its superior protection, sustainable qualities, and higher transfer efficiency compared to liquid coating technology.”

Powder coatings are a sustainable product offering with low VOC emissions, enhanced durability, high transfer efficiency and the ability to be reclaimed or reused during application. They are an important part of the company’s commitment to achieve 40% of sales from products and processes that have improved sustainability by 2025.

The expansion plan for PPG’s San Juan del Rio powder plant, which meets the key IATF-16949 quality certification, is the latest in a series of actions that underline PPG’s commitment to investing in further growth for powder coatings. Earlier in 2022, PPG acquired Arsonsisi’s powder coatings manufacturing business, and in 2020, PPG purchased Alpha Coating Technologies, a manufacturer of powder coatings for light industrial applications and heat-sensitive substrates.

PPG: WE PROTECT AND BEAUTIFY THE WORLD®

At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and specialty materials that our customers have trusted for nearly 140 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 $16.8 billion in 2021. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.

Coraflon, Envirocron, the PPG Logo and We protect and beautify the world are trademarks of PPG Industries Ohio, Inc.

CATEGORY Corporate

Contacts

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.