PPG Industries

Maker of paints, glass, fiber glass and coatings.

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Headquarters:
One PPG Place
Pittsburgh, PA 15272
Employees: 38,400
CEO: Charles Bunch
Stock Symbol: PPG

Website: http://www.ppg.com

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PPG is a global supplier of paints, coatings, chemicals, optical products, specialty materials, glass and fiber glass. The company has more than 140 manufacturing facilities and equity affiliates and operates in more than 60 countries.

The company sells paints under Pittsburgh Paints. PPG is also the world's largest producer of transportation coatings and a leading maker of industrial and packaging coatings, aircraft transparencies, flat and fabricated glass, continuous strand fiber glass, chlor-alkali and specialty chemicals, and architectural coatings.
 
PPG's coatings businesses manufacture automotive and aerospace coatings; automotive refinishes; adhesives and sealants; factory-applied coatings for appliances, building components and a broad range of industrial applications; packaging coatings; and decorative, maintenance and other architectural coatings.

In 2011, PPG reported sales of $14.9 billion, an 11% increase, and net income of $1.09 billion.

The company announced in April restructuring actions that will impact about 2,000 employees, primarily in PPG’s global architectural coatings businesses, and in other PPG businesses and administrative functions in Europe.

History

PPG Industries was founded in 1883 as the Pittsburgh Plate Glass Co. The company's first plant in Creighton, PA, near Pittsburgh, was the first commercially successful plate glass factory in the United States. PPG expanded flat glass production operations rapidly during the next decade and a half through new facilities and acquisitions.
 
Diversification began with construction of a plant in Ohio in 1899 to ensure a reliable supply of alkali for glassmaking ­ the first of PPG's chemicals businesses ­ and the 1900 acquisition of a paint company that was the foundation of its coatings businesses. In 1902, PPG became one of the first American manufacturing firms to establish European operations. Glass and paint provided continued prosperity to the company in the 1920s, as the automotive industry and construction of skyscrapers transformed and modernized the American scene.
 
During this period, PPG also increased its commitment to development of technology for improved production efficiency and high product quality and versatility. One early achievement in 1924 was the first straight-line conveyor method of glass manufacture, which advanced the glass production process much as the assembly line transformed the automotive industry. In the decades since, PPG has continued to develop new glass and paint products to meet more demanding market needs, and to expand its array of chemical products.
 
In 1952, recognizing the potential of another type of glass product, the company established its fiber glass business. One of the "miracle" fibers created by laboratory researchers, fiber glass continues to achieve expanding use in a variety of products, and PPG has been at the forefront of product and process development.
 
As a result of its diversification, growth and rapidly developing global presence, as well as the passing of the old plate process for making glass, the company changed its name to PPG Industries in 1968. In the ensuing decades, as many of its basic commodity product markets matured in North America and Europe, the company gave new emphasis to development of specialty, value-added products, process efficiency and accelerated global expansion.

Benefits

Health Care Coverage
PPG offers competitive health care benefits consisting of medical, prescription drug, and dental coverage.  HMO enrollment is available to employees who reside in the service area of a PPG-sponsored HMO.

Savings Plan
Employees are eligible to participate in the PPG Employee Savings Plan immediately upon employment.  Twelve funds are available for investment on a before-tax basis, an after-tax basis, or a combined basis.
 
Life Insurance
PPG provides Basic Group Term Life Insurance at no cost to employees.  Additional coverage for the employee and his or her eligible dependents can be purchased under the Group Universal Life insurance program (GUL).
 
Accidental Death and Dismemberment Insurance
PPG provides Basic Accidental Death and Dismemberment Insurance (AD&D) at no cost to employees.  Additional coverage for the employee and his or her eligible dependents can be purchased under the Voluntary AD&D program.  PPG also provides Business Travel Accident coverage and Seatbelt Wearer's coverage at no cost to employees.
 
Flexible Spending Account
The PPG Benefit Account is designed to reimburse employees for out-of-pocket health care expenses (including prescription drugs and certain over-the-counter items) and dependent care expenses (child care and elder care) using pre-tax dollars.
 
Vacation and Holidays
PPG provides employees paid time off to enjoy vacations and designated holidays.
 
Adoption Assistance Reimbursement
Employees can be reimbursed for certain eligible expenses relating to the adoption of a child.
 
Commuter Benefit
Eligible expenses incurred on an employee's commute to and from his or her job at PPG can be reimbursed on a pre-tax basis.
 
Vision Care Discount Program
A managed vision program is available which offers employees and eligible dependents the opportunity to save on vision care expenses.

Updated April 6, 2012