About the Company
The Pittsburgh Plate Glass Company was established in 1883 by John Pitcairn Jr and Captain John Baptiste Ford. The company was located in Creighton, Pennsylvania, and soon earned a reputation for being the country’s first successful producer of thick, flat glass. They used natural gas in their furnaces, and that contributed to their success. In 1968, the company changed its name to PPG Industries Inc. There are 47,000 employees across five continents, in North America (21,300), in Europe, the Middle East and Africa (15,600), Latin America (6,600) and Asia Pacific (6,500). The details are as per December 2019. The company has its headquarters in Pittsburgh, Pennsylvania.
The Pittsburgh Plate Glass Company shares trade on the NYSE under the ticker “PPG.” The company manufactures glass, paints, coatings, optical products and speciality materials. PPG provides customer solutions in the industry, transport sector, consumer products, construction markets and aftermarkets. The company operates through two segments. This first one is Performance coatings and includes refinishing, the aerospace sector, protective and marine coatings, and architectural businesses. The second sector is Industrial Coatings, and this consists of the original automotive equipment manufacturer (OEM) and various industrial coatings. Further, it provides packaging coatings, coatings services, and many specialty coatings like Silica products, Optical monomers and coatings, PPG Teslin and materials businesses. The company owns several brands like PPG, MULCO, WHITE KNIGHT, BRISTOL, RENNER, and LIQUID NAILS, to name a few. The company also provides traffic markings including traffic paint, raised pavement markings.
PPG acquired Ditzler Color Company in 1928, and in the mid-1980s, it purchased Spanish company Cipisa, renaming it PPG Iberica. In 1990, PPG founded Transitions Opticals with partners Essilor. It was in 2000 that PPG agreed to buy Courtaulds Aerospace at a price of 512 million USD. 2008 saw the company acquire the SigmaKalon Group of companies making it a reputed paint and coatings brand. In 2008 PPG acquired Dyrup A/S a Danish company, and in 2013 the company took over AkzoNobel’s North American architectural coating business. 2014 saw PPG sell Transitions Opticals to Essilor and in the same year, it bought Mexican Consorcio Comex. 2015 saw PPG acquire REVOCAT. It sold its flat glass business to Mexican company Vitro for 750 million USD and its fibreglass business to Nippon Electric Glass. In December 2020, PPG announced that it would take over Scandinavia Tikkurila.;
Organisation | PPG Industries Inc |
Industry | Specialty Chemicals |
HeadQuarters | Pittsburgh, PA |