PPG Wins 2008 Automotive News PACE Award
TROY, Mich., April 22, 2008 – PPG Industries (NYSE: PPG), the world’s leading manufacturer of transportation coatings, was named a 2008 Automotive News PACE Award winner for Green Logic paint detackifier. This marks the sixth time PPG has received the award, which recognizes automotive suppliers for superior innovation, technological advancement and business performance.
A winner in the manufacturing process and capital equipment category, Green Logic paint detackifier is used by domestic, European and Japanese automakers to denature and remove over-sprayed paint from the water wash system in automotive paint spray booths. The patented formula, which incorporates chitosan derived from crab, lobster and shrimp shells, provides an environmentally responsible alternative to detackifiers derived from non-renewable, petroleum-based raw materials or based on chemistries containing residual-free formaldehyde. Green Logic paint detackifier helps automakers realize performance gains in paint detackification and overall paint spray booth operations, and it offers greater ease of operation and savings from reduced maintenance, chemical, wastewater treatment and waste disposal costs.
“We are truly honored to receive the PACE Award for this exciting product,” said Dennis Kovalsky, PPG vice president, automotive coatings. “In Green Logic paint detackifier, PPG is able to continue its longstanding tradition of providing customers with innovative solutions that improve system performance while reducing overall costs and environmental impact.”
The 14th annual PACE (Premier Automotive Suppliers’ Contribution to Excellence) Award was presented by Automotive News, Microsoft, SAP and Transportation Research Center Inc. (TRC Inc.). The competition was open to suppliers who contribute products, processes, materials or services directly to the manufacture of cars or trucks.
On the forefront of innovation in decorative and protective coatings and environmental application concerns since 1924, PPG helps automakers advance coatings technologies and application processes.
Pittsburgh-based PPG is a global supplier of paints, coatings, chemicals, optical products, specialty materials, glass and fiber glass. The company has more than 150 manufacturing facilities and equity affiliates and operates in more than 60 countries. PPG’s sales in 2007 were $11.2 billion. SigmaKalon, a worldwide coatings producer based in Uithoorn, Netherlands, that PPG acquired Jan. 2, 2008, had 2007 sales of $2.9 billion. PPG shares are traded on the New York Stock Exchange (symbol: PPG). For more information, visit www.ppg.com.
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Green Logic is a trademark of PPG Industries.