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Headquarters:
One PPG Place
Pittsburgh, PA 15272
Employees: 32,200
CEO: Charles Bunch
Stock Symbol: PPG
Website:
http://www.ppg.com
Career Site
PPG is a global supplier of paints, coatings, chemicals, optical
products, specialty materials, glass and fiber glass. The company
has more than 150 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 the third quarter of 2007, PPG signed agreements to sell its
automotive OEM glass and automotive replacement glass and services
(AG&S) businesses as well as its fine chemicals business.
The sale of the fine chemicals business was completed in the
fourth quarter
In 2007, PPG reported revenues of $11.2
billion and net income of $834 million.
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 January 17, 2008
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