Coatings
The companies featured on PressReleaseFinder are active in several industries.
18 Aug 2006
PPG Reports its 13th Consecutive Quarterly Sales Record
(August 18, 2006 Shanghai)Recently, PPG Industries Inc., the world’s leading diversified manufacturer headquartered in Pittsburgh, reported record sales and earnings for the second quarter of fiscal year 2006. The company realized net income of USD280 million on sales revenue of USD2.8 billion for the quarter, a year-on-year (Y-o-Y) growth of 21% and 6% respectively. During the quarter, in addition to the strong sales earnings growth, PPG was able to achieve higher margins of 14.5% from 14.1% despite an environment in which the chlor-alkali cycle, home building and North American auto manufacturing are approaching declines and higher raw material costs.
19 Jul 2006
PPG Strategically Acquired Ameron and Expands Protective Coating Market
(July 19th, 2006--Shanghai, China)PPG Industries (NYSE:PPG) has reached agreement to acquire the Performance Coatings and Finishes business of Ameron International Corporation, Pasadena, Calif., (NYSE:AMN). Completion of the acquisition is subject to customary closing conditions, including receipt of required regulatory approvals, which are expected within 30 to 45 days.
