PPG Building Aerospace Application Support Center
Late last month, global coatings supplier PPG (Pittsburgh) announced that it plans to invest $17 million to build an aerospace application support center in Toulouse, France.
According to the release, the new facility will be strategically located near aerospace customers and the Toulouse Blagnac Airport. PPG reports this is its fifth ASC in Europe, Middle East and Africa (EMEA) region and the second in France, in addition to the ASC in Gonfreville.
“The construction of a new ASC will allow us to better serve and collaborate with our aerospace customers in the region,” said Dirk Thelen, PPG general manager, Aerospace, EMEA. “The new facility will enhance our ability to provide unparalleled responsiveness and customer support, leading to faster qualification of products and higher participation in new projects, earlier in the development cycle.”
At the ASC, PPG plans to include:
“ASC-Toulouse will be the 17th application support center in our worldwide network,” Thelen said. “As we continue to grow our reach globally, we can ensure that all of our customers have convenient access to our latest aerospace technologies, while also improving the delivery of our products and providing technical resources regionally.”
The groundbreaking for the facility is anticipated in the third quarter of this year, with operations beginning in the fourth quarter of 2023.
Recent PPG News
In March, PPG announced the opening of its new European Central Powder Coatings Research and Development Center. Located in Milan, Italy, the facility includes a customer application center and is expected to accelerate powder coatings product development.
According to the release, the R&D center will focus on innovating powder coatings product development, demonstrating powder technologies and providing customer and technical support. The facility will also serve as a European hub for cross-technology research and development, hosting laboratories for other businesses that include automotive OEM and refinish coatings.
PPG reports it is a leading supplier of powder coatings to the automotive, transportation, appliance, furniture and other markets.
Additionally, PPG recently announced that it officially entered into an agreement to acquire the powder coatings business of Arsonsisi, including a manufacturing plant in Vebania, Italy. The Milan, Italy-based company is reported to be a leading supplier of specialty powder coatings for the architectural and industrial markets.
In April, PPG announced that it was celebrating 300 years of operations in the Netherlands and the anniversary of its Sigma Coatings brand.
According to PPG, Sigma Coatings products are one of the leading architectural coatings brands in Europe. Celebrations marking the milestone started on April 6, which is also known as “Dutch National Painters’ Day” in the country. It was reported that PPG staff visited thousands of painters across the Netherlands to personally thank them for their work.
Later that month, the company reported a record first quarter net sales of $4.3 billion, an 11% increase from the year prior, in a financial results press release. Organic sales growth also grew by about 7%, which was led by higher selling prices.
Net sales were reportedly roughly $4.31 billion, an increase of 11% from the prior year. This was largely attributed to increased selling prices, which were reported to increase by 10%. However, sales volumes were down by approximately 3%, year-over-year.
First-quarter sales for PPG’s Performance Coatings segment totaled about $2.57 billion, up approximately $251 million, or about 11%, compared to 2021. Compared to the prior year’s performance in the same quarter, net sales for PPG’s Industrial Coatings segment were about $1.72 billion, up about $176 million, or nearly 11%.
According to the press release, PPG anticipates that second quarter aggregate sequential net sales will down a low-to-mid-single-digit percentage on a year-over-year basis. The company reports that it is basing its projections on current global economic activity and in consideration of the near-term economic uncertainty associated with the impact of geopolitical issues in Europe and the continuing pandemic.