PPG Industries announced the layoff of 1,800 workers or four percent of its entire workforce throughout the United States and Europe the Fortune 500 company is pursuing major cost adjustments at the expense of its employees As one of the largest paint and coating manufacturers in the world and 15,000 throughout Asia and Latin America Pennsylvania-based company has not announced where the layoffs are taking place but it is expected that they will be conducted across their operations The layoffs coincide with the company’s decision to sell its architectural coatings business to a private equity firm Producing major brands such as Liquid Nails this section of PPG alone produced $2 billion in net sales last year The company also initiated a deal with Poland-based QEMETICA S.A for the sale of its silica products business for $310 million in August More than 6,000 workers in manufacturing facilities and distribution centers in Georgia Puerto Rico and Canada will be transferred to American Industrial Partners once the sale transaction with the company is completed American Industrial Partners specializes in investing in American manufacturing and “cutting debt and improving operations,” according to company information “Improving operations” is often code words for layoffs and the cutting of wages and benefits PPG is hoping that the job cuts and sales will satisfy the Wall Street investors PPG has been underperforming both the Standard & Poor’s Composite 500 Stock Index as well as a defined Peer Group of stocks for the past 10 years PPG officials stated that the layoffs and the sale of sections of the company will “deliver $175 million once fully implemented including saving of $60 million in 2025.”  PPG has been steadily firing or laying off IT workers and temporary workers throughout the year A post on the web site TheLayoff.com from earlier this year stated Today I picked up a temporary worker from a Chicagoland PPG plant He told me that they laid off a large number of temporary workers from the PPG facility he works at.. Sounds to me that many factories have been hiring temporary workers since Covid It’s easier to fire or layoff temp employees and in Illinois I doubt they have to pay workers comp for temp workers.” Other posts read: “IT got clobbered back in May—I hope this stops at some point,” “Another April 30 IT layoff victim reporting in,” and “It just happened in IT yesterday I was part of a fair size reduction in force.” Although it is known that the new layoffs will be taking place throughout North America and Europe the timing and precise locations were not immediately disclosed When asked for specifics by Pittsburgh’s Action News 4 “The program is not focused on a specific location or business but instead will target structural cost reductions across PPG global businesses.” the company was founded in 1883 by Captain John B Ford and John Pitcairn and focused on glass production the company began selling off its glass and chemical production plants and by 2016 had completely transitioned away from being primarily a glass manufacturer to a global supplier of paints and coatings PPG is the largest coatings company in the world followed by Sherwin-Williams With the layoffs and the sale of its home painting business PPG officials have told investors they want to focus on providing products for the aerospace and military industries It is no coincidence that the layoffs at PPG are coinciding with the mass layoffs that are taking place in the auto industry Workers throughout the world are losing their jobs as companies take advantage of the shift to electric vehicles and automated technology to lower labor costs and increase profits for the ultra-rich Tens of thousands of Stellantis employees in Italy recently went on strike in response to the company’s threats to wipe out up to 25,000 jobs thousands of Stellantis workers have been laid off in Toledo VW workers in Germany face the closure of three plants tens of thousands of layoffs and pay cuts up to 20 percent for the 120,000 VW workers in the country The Emil Frey Racing driver topped the timings sheet with a time of 1:37.649 minutes: “The grip was surprisingly very good from the word go which meant I was able to set a fast time after just a short warm-up period That puts us in a good position to claim our first win of the season in the race.” Second place went to the man who has successfully defended his title this season Elias Seppänen (FIN/Landgraf Motorsport) in a Mercedes-AMG GT3 ahead of Sandro Holzem (Polch/Land Motorsport) in an Audi R8 LMS GT3 Evo2 In fourth place was Nico Hantke (Hürth) from Walkenhorst Motorsport in an Aston Martin Vantage GT3 Rounding out the top five was Leon Köhler (Erlenbach am Main) in a BMW M4 GT3 for FK Performance most drivers initially remained in their garage The pursuit of pole position then started around the halfway point of qualifying Despite visibility being limited in places the drivers immediately produced fast lap times which was soon surpassed by fellow Audi driver Jonas Karklys (LIT) from Liqui Moly Team Engstler by NordVPN There then followed a thrilling battle for the front spot on the grid It was ultimately Valente who had momentum on his side and secured the first pole position of his career in the ADAC GT Masters Colorado Springs, Colo. (October 7, 2024)—USA Ultimate, the national governing body for the sport of ultimate in the United States and member of the United States Olympic & Paralympic Committee, today announced the hiring of Kevin Erlenbach as its next chief executive officer. Erlenbach comes to USA Ultimate after spending the past 18 years at USA Hockey where he most recently served as the assistant executive director, membership. As part of USA Hockey’s senior leadership team, Erlenbach led the organization through a period of significant growth, highlighted by record levels of participation that has culminated with 1.2 million current members, including 122,000 youth players in hockey’s 8 and under entry-level category and 660,000 on-ice participants.  With an emphasis on growing female participation in hockey, Erlenbach also developed various programs that have led to a 95% increase in girls’ entry-level participation over the last decade and more than 100,000 female players, coaches and officials. Some of the grassroots programs Erlenbach led in support of USA Hockey’s national growth initiatives include Try Hockey For Free Days, which provided more than 230,000 children with their first hockey experience, Welcome Back Week, a national member retention program, Girls’ Hockey Weekend, Learn to Play, and the Hat Trick Challenge – all programs that are credited with fueling hockey’s growth and popularity. As the leader of USA Hockey’s Diversity, Equity and Inclusion efforts, Erlenbach also brings experience to USA Ultimate in an area of continued importance and focus for the organization. His work has contributed to the introduction of several new initiatives that are helping to evolve the culture of hockey by creating opportunities that encourage and support participation for everyone. A recreational ultimate player himself, Erlenbach holds a Bachelor of Science degree from Bowling Green University in Sport Enterprise and Marketing. He currently resides in Colorado Springs with his family where he coaches the 15U girls’ hockey team for the Colorado Springs Junior Tigers. The appointment of Erlenbach was unanimously approved by the organization’s board of directors following a nationwide search led by executive recruiting firm TeamWork Consulting and a four-person CEO Succession Task Force that included USA Ultimate board members DeAnna Ball, Dave Klink, Benecia Newhouse and Tom Crawford. “Along with our consultants, TeamWork president and founder and pioneering sports industry recruiter Buffy Filippell and her teammate Brad Stith, our task force collaborated extensively over the course of the last seven months to review, evaluate and interview candidates from a pool of more than 170 applicants,” described Klink of the board’s thorough search process. “We’re thrilled with the board’s unanimous approval of Kevin’s appointment and excited to welcome him to our team.”   USA Ultimate organizes the full spectrum of ultimate in the U.S. and hosts several major events annually, including national championships for youth, college, elite and masters divisions, as well as the U.S. Open, a major international tournament. It also owns and operates the Triple Crown Tour, the highest and most competitive level of ultimate in the United States, consisting of men’s, women’s and mixed-gender divisions. As one of 100+ member organizations of the World Flying Disc Federation (WFDF) – the international federation for flying disc sports and member of the International Olympic Committee (IOC) – USA Ultimate is also responsible for the selection of U.S. National Teams for all major international events, including junior, U24, elite and masters world championships and the quadrennial World Games. One was the company Deutsche Projektbau from Alzenau which coordinated the team of experienced planning engineers The company Hess Timber from neighboring Kleinheubach and assembled all the elements of the timber construction The building was completed and its machinery was installed in a record time of one year which is an extraordinary achievement for a project of this complexity especially considering the various global challenges that took place during construction You'll now receive updates based on what you follow Personalize your stream and start following your favorite authors If you have done all of this and still can't find the email This website is using a security service to protect itself from online attacks The action you just performed triggered the security solution There are several actions that could trigger this block including submitting a certain word or phrase You can email the site owner to let them know you were blocked Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page Application Areas Coatings Technologies Legislation Markets & Companies People & Careers Production & Lab Raw materials Sponsored Content Home » News » Markets & Companies » PPG expands automotive OEM coatings production in Germany Expected to be complete in the second quarter 2022 PPG is constructing a 10,000 square foot addition to its existing facility with a capacity to produce more than 5,000 metric tons of waterborne basecoats per year these investments will help PPG lower its operational carbon footprint in total by more than 1,000 metric tons of CO2 equivalent per year “This is an important investment to strengthen our production capabilities in Europe and to ensure that we are leveraging our industry-leading waterborne technology to drive downstream sustainability helping our customers meet their sustainability goals,” said Roald Johannsen “Weingarten is a particularly strategic site due to its proximity to several of our key German OEM customers.” Demand for sustainable products continues to grow — but decorative coatings must also be durable Striking the right balance is one of the greatest challenges facing the.. has introduced three regional entities in Germany The aim is to decentralise the company’s structure have inaugurated a new laboratory in Shanghai The centre aims to strengthen innovation capabilities in the region US chemicals group Dow is considering the shutdown of two energy-intensive plants in Schkopau and Böhlen The decision follows market overcapacities rising costs and increasing regulatory pressures... Duncan Taylor will take over as interim CEO of Allnex on May 1 who will retire from the company on June 30 Taylor will continue to serve as Chief Financial Officer.. Marcus Jordan has assumed the role of Chief Executive Officer (CEO) of IMCD N.V Find the answers to the most frequently asked questions in our FAQ collection Please enable JS and disable any ad blocker The project is part of a series of investments PPG is making in its European automotive OEM coatings production Other investments include expanding basecoat capacity in Valladolid and the expansion of clearcoat production in Erlenbach “Weingarten is a particularly strategic site due to its proximity to several of our key German OEM customers.” Waterborne technology replaces the solvents found in traditional basecoats with distilled water providing less odor and improved air quality in the work environment PPG said it expects the investments it is making in its automotive OEM coatings production will help to cut its carbon footprint by more than 1,000 t/y of CO2 equivalent the US firm also disclosed plans to spend $2.7 million on increasing its powder coatings production in Sumare The project will raise capacity by roughly 40% beginning in the third quarter of 2022 CHEManager Spotlight is an exclusive event tailored for practitioners and decision-makers in the chemical industry This part of our event series delves into the latest trends and innovations in logistics to streamline your operations and drive efficiency Are you ready to elevate your pharmaceutical operations Download our exclusive whitepaper and discover how compliance with Good Distribution Practice (GDP) is essential for the safety and integrity of pharmaceuticals Home » News » Raw Materials » PPG to acquire automotive coatings manufacturer Hemmelrath PPG announced that it has reached a definitive agreement to acquire automotive coatings manufacturer Hemmelrath The transaction is expected to close in the first half of 2019 Financial terms were not disclosed “We are excited to add Hemmelrath to our robust and diversified automotive coatings offering This acquisition is another step forward in our strategic growth plan,” said Michael McGarry Hemmelrath is a family-owned manufacturer of coatings for automotive original equipment manufacturers (OEMs) the company operates manufacturing facilities in Klingenberg and Erlenbach Hemmelrath supplies automotive plants worldwide and more than 7 million vehicles are coated with its products each year “The fit between Hemmelrath and PPG is complementary The acquisition will enhance PPG’s automotive coatings offering and add formulating and manufacturing solutions,” said Rebecca Liebert Mergers and acquisitions: Who bought whom? Ranking: The 25 largest coatings producers in Europe A recent review shows that powder coatings made from renewable raw materials are becoming increasingly relevant polyamide or limonene resins enable sustainable.. A new chemical recycling method developed at the University of North Carolina offers a sustainable alternative for rubber waste By transforming discarded tyres into epoxy resin precursors A British research team has developed a method for directly producing functional acrylamide monomers from vegetable oils and successfully processing them using RAFT polymerisation A new method for producing two-dimensional nanoparticles could revolutionise the use of biocompatible materials in medicine Researchers have developed a method for specifically adjusting the size and.. Researchers have developed a new method for converting polylactide (PLA) waste into thermoresponsive polymers The monomers obtained from PLA bags could pave the way for new methods of producing sustainable.. setting the fastest time of the day in the opening session in his Mercedes-AMG GT3 “It is always good to start the weekend with a fast lap It gives you confidence for the rest of the event,” said Wiebelhaus after FP1 Dry conditions greeted the ADAC GT Masters drivers when they took to the track for the first free practice on Friday morning The lead changed hands on several occasions during the 45-minute session which provided plenty of entertainment for the spectators with track conditions improving at the 4.574-kilometre circuit 18-year-old Wiebelhaus recorded the fastest lap time The driver from Hessen stopped the clock at 1:38.393 minutes Championship leader Elias Seppänen (FIN/Landgraf Motorsport) Maxime Oosten (NL) and Leon Köhler (Erlenbach am Main) in an FK Performance BMW M4 GT3 it was the Porsche 911 GT3 R of Johannes Kapfinger (Passau) that led the way with a lap time of 1:46.336 minutes consistently damp conditions meant he was unable to threaten Wiebelhaus’s time went to Switzerland’s Alexander Fach from Fach Auto Tech in a Porsche 911 GT3 R ahead of the second Mercedes-AMG GT3 of Haupt Racing Team with David Schumacher (Salzburg) at the wheel In fifth place was Marcel Marchewicz (Schwetzingen) from Schnitzelalm Racing in a Mercedes-AMG GT3 Television partner Sport1 will broadcast the race at the circuit near Mannheim live on free-to-air German TV The youngster clocked the fastest time of 1:22.849 minutes in his Mercedes-AMG GT3 in the morning session Second fastest was the duo of Maxime Oosten (NL) and Leon Köhler (Erlenbach am Main) in a BMW M4 GT3 run by FK Performance Motorsport The best lap of the second practice session came courtesy of Benjamin Hites (CHL) and Tim Zimmermann (Langenargen/both Grasser-Racing-Team) in a Lamborghini Huracán GT3 Evo2 the drivers took to the 3.667-kilometre track in the Magdeburg Börde region for the first time on the Friday of the season-opener Two one-hour practice sessions were scheduled “Starting the new season with a fastest time obviously feels good We are working hard to be up at the front,” said the Scandinavian Rounding out the top five were the two Mercedes-AMG GT3 of Haupt Racing Team: fourth place went to the pairing of Finn Wiebelhaus (Obertshausen) and Jannes Fittje (Langenhain) ahead of Salman Owega (Cologne) and David Schumacher (Salzburg) the ADAC GT Masters will go in search of its first race winner of the new season TV partner SPORT1 is showing all the race action live on German free-to-air TV Enjoy the Paddock Radar from the opening event at the circuit near Magdeburg hier gibt's nichts zu holen – der echte Inhalt wartet geduldig hinter der Paywall Vielleicht gönnst du dir ja doch den Zugang und unterstützt damit guten Journalismus Oder du suchst weiter nach versteckten Ostereiern im HTML Mehr über PLUS lesen Sie hier.