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March 18, 2014
15:01 EDTPPGPPG Industries to invest $27M in San Juan del Rio facility
PPG Industries announced plans to invest more than $27M in its San Juan del Rio, Queretaro, Mexico, coatings manufacturing facility. The expansion project will add four new buildings to the current complex, representing approximately 100,000 square feet of additional production and laboratory space. The company officially initiated the expansion today with a groundbreaking event and anticipates completion in 2015. The expanded facility is expected to employ more than 115 people, a 30% increase over its current workforce. The additional capacity will enable PPG to meet increasing demand for its coatings by automotive OEM, protective and marine, packaging and industrial customers in Mexico. The expansion project will incorporate eco-friendly building designs, provide natural light in employee areas, use intelligent lighting systems to maximize energy efficiency and incorporate water recycling capabilities.
News For PPG From The Last 14 Days
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April 16, 2015
08:32 EDTPPGPPG Industries increases quarterly dividend, approves 2-for-1 stock split
The board of directors of PPG Industries declared a regular quarterly dividend of 72c per share, payable June 12 to shareholders of record May 11. This marks the company’s 467th consecutive dividend payment. PPG’s previous dividend, paid in March, was 67c per share. The company has paid uninterrupted annual dividends since 1899. PPG directors also approved a 2-for-1 split of the company’s common stock for all shareholders of record as of the close of business May 11. On June 12, following payment of the quarterly per-share dividend, each shareholder will also receive a stock dividend of one additional share of common stock for each share held on the record date. PPG common stock will begin trading on a split-adjusted basis on Monday, June 15.
08:12 EDTPPGPPG Industries announces business restructuring program
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08:12 EDTPPGPPG Industries reports Q1 adjusted EPS $2.37, consensus $2.34
Reports Q1 revenue $3.7B, consensus $3.79B. “Looking ahead, we anticipate stronger global economic growth in the coming quarters, including a resumption of growth in Europe and a return to a higher growth rate in the U.S.,” the company said. “We remain well-positioned to leverage this growth into strong earnings contributions, given our lower cost base stemming from our continued cost management actions. We remain focused on aggressively managing our costs and are initiating restructuring actions concentrated on securing the synergies we committed to with our recent acquisitions, along with other global productivity measures in certain businesses and regions.”

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