PPG Industries Inc. (NYSE:PPG), whose construction products include architectural glass and paints, announced first-quarter revenues were up 13 per cent year-over-year to US$3.5 billion.
Net earnings for the Pittsburgh-based manufacturer were $228 million for the three months ending March 31, up from $30 million during the same period in 2010. All figures are in U.S. currency.
Long-term debt as of March 31 was $3.993 billion, up from $3.015 billion a year earlier.
PPG’s president and chief executive officer, Charles E. Bunch, stated that construction activity “remained low in developed regions” and “there were no signs of imminent improvement.”
However, sales of industrial coatings increased by 15 per cent. PPG’s paint brands include Pittsburgh, Olympic and Porter. Other PPG brands include Duranar Ultra-Cool, which is a coating system for metal substrates.
You are not logged in, please sign in to view contact
Info release
Promotion
Building shop
Online business
