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PPG Expands Latin American Presence

Wednesday, June 25, 2014

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PPG Industries Inc. is working to cut itself a larger slice of the coatings market in Latin America with expansion plans in Brazil and a completed acquisition of a protective and marine coatings distributor in Panama.

The company completed its previously announced acquisition of substantially all of the assets of Canal Supplies Inc. in Panama, PPG announced June 12.

Five days later, PPG announced plans to invest about $40 million in its coatings manufacturing facility in Sumare, São Paulo, Brazil.

Photos: PPG Industries

PPG says its acquisition of Panama-based Canal Supplies Inc. will help meet growing demand for protective and marine products in the region.

Founded in 1883, Pittsburgh, PA-based PPG operates in nearly 70 countries.

Enhancing Central America

Canal Supplies is a privately owned company that distributes protective and marine coatings to customers in Central America.

When PPG announced plans to acquire the company in March, it said the acquisition would enhance access to PPG products for customers in Central America—specifically in Costa Rica and Panama, which the company says are growth markets for protective and marine coatings.

Financial terms of the deal were not disclosed.

"The acquisition of CSI enhances our ability to supply customers throughout Central America and meet growing demand for our protective and marine products in this growth market," said Tim Knavish, vice president of PPG's protective and marine coatings.

'Committed' to Brazil

The expansion project in Brazil will add a 65,000-square-foot plant for on-site resin production, which will be used to manufacture PPG's electrocoat products "to meet growing demand among automotive original equipment manufacturers (OEMs) and industrial costings customers in the region," the company said.

"PPG is committed to the market in Brazil and the needs of our customers across Latin America," said Cynthia Niekamp, senior vice president of PPG's automotive coatings.

PPG Brazil faciity

PPG's planned $40 million expansion of its Brazil manufacturing facility will include a plant for on-site resin production used to make electrocoat automotive products.

"The expansion of the Sumare facility enables PPG to localize production and demonstrates our long-term commitment to support our customers in this very important region."

The company expects to finish the expansion in 2015. More than 30 new employment positions will be added to the facility.

Activities South of the Border

The expansion project is not isolated. Earlier this year, PPG said it would spend $27 million to expand its manufacturing facility in San Juan del Rio, Queretaro, Mexico.

That project, which held a groundbreaking ceremony March 18, will include four new buildings, totaling about 100,000 square feet of additional production and laboratory space. The added capacity will allow PPG to meet increasing demand for its automotive OEM, protective and marine, packaging and industrial customers in Mexico.

PPG expects the project to also wrap up in 2015.

Also in March, PPG nixed its licensee agreement with the Comex Group, a leading paint producer in Central and South America, opting instead to sell and service its Amercoat brand in Mexico directly.

   

Tagged categories: Acquisitions; Automotive coatings; Marine Coatings; OEM (Original Equipment Manufacturers); PPG; Resins

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