Mixed bag for PPG’s coating divisions in Q2
Published: Thursday, 21 July 2016
Sales volumes in the company’s industrial coatings segment strengthened while performance coatings saw a decline, owing to mixed performance in various regions and applications. PPG’s glass segment also saw improved net sales as selling prices strengthened. However all of its business segments were impacted negatively by foreign currency translations.
Paints and coatings producer PPG Industries has reported net
income from continuing operations of $370m for the second
quarter 2016, while adjusted net income stood at $498m.
This is up on income of $337m for the same period the
previous year and represents an 11% increase for adjusted net