Yesterday PPG Aerospace announced they are under contract with Dassault Aviation to produce windows for the Falcon jet which have the largest expansive visibility in the cockpit. The windows can resist the impact of a 4 pound bird at 350 knots. While the cockpit windows (windshield and side cockpit windows) are designed with the specifications of resistance, strength, and durability, the HERCUALITE ®II chemically treated glass is lightweight. The windshields do not have the standard wipers so PPG used their SURFACE SEAL ® to increase water shedding efficiency, and the heating system is designed to maintain and equip the visibility and design.
“Dassault Aviation wanted curved glass transparencies having the lightest weight possible, and our unique bending and materials expertise enabled us to propose designs exceeding their expectations,” Hood said. “We are proud we were selected and look forward to growing our relationship with Dassault Aviation.” Arthur C. Scott, PPG global market director for commercial transparencies, had been in Hood’s current role when PPG secured the business. Scott said, “This is the first Dassault airplane for which we will supply production cockpit windows, and we are pleased we will be able to join Dassault in creating a great new aircraft.” - www.ppg.com/en/newsroom/news
As the proper safety requirements and successful testing are complete, the windows are set to begin production at the Huntsville, Alabama plant. Yesterday PPG also announced a repair management system integrating PAINT MANAGER® software from PPG with REPAIRCENTER™ Toolstore software from Mitchell at their operations in Strongsville, Ohio “We’re very pleased to be linking RepairCenter to PPG’s PaintManager,” said Jim O’Leary, Mitchell vice president of repair solutions. “We have found the PaintManager program to be reliable and easy to use, and RepairCenter has repeatedly proven its worth in collision centers around the country. We firmly believe this is a good match.”
PPG operates in reported nearly 70 countries and operates in four business segments: performance coatings, industrial coatings, architectural coatings EMEA, glass, optical and specialty materials. Performance coatings include aerospace, architectural coatings Americas and Asia/Pacific, automotive refinish, and protective and marine coatings. Industrial Coatings include automotive OEM coatings, industrial coatings, and packaging coatings. Architectural coatings EMEA include the architectural coatings of EMEA (Europe, Middle East and Africa). Optical and specialty materials include optical products, and silicas. Glass includes fiber glass and flat glass.
The Pittsburgh Plate Glass (PPG) company was founded in Pittsburgh in 1883 which still remains the company’s corporate headquarters. The various departments in the business segments are located throughout the United States such as the PPG Aerospace division is located in Sylmar, California. In 2008, the company acquired SigmaKalon Group, coatings manufacturer, which was the largest acquisition in the company’s history.
PPG Industries Inc. (NYSE:PPG) opened the day trading at a market price of 180.28. The market price dipped last Thursday drastically dropping from 664.88 to 174.47 from lowered than expected profits and earnings per share in third quarter reports although revenue increased. In year over year comparisons, PPG is performing better this year than last year and following the same market pattern of steadily increasing from the first through fourth quarters. In 2012, the stock market price for the first through fourth quarter was 363.66, 407.21, 441.08 and 486.55 respectively. In 2013, the first through third quarter market prices were 552.98, 592.58, and 639.65. Currently in the fourth quarter, the trading price is averaging 542.52, yet the daily market price has not rebounded from last week’s drastic dip.
Check out the attached video on Jim Cramer looking at industrials such as PPG. Jim Cramer looks at why industrials taking their fate into their own hands, in a discussion with Mad Money Research Director Nicole Urken.
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