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PPG discusses improved performance, outlines strategies for continued growth

Post Time:Dec 15,2010Classify:Industry NewsView:95

During PPG Industries’ 2010 Capital Markets Day, Chairman and CEO Charles E. Bunch and other senior management described how the company’s strategy has created a leaner, stronger, more global company sharply focused on coatings, specialty products and emerging regions, according to a Dec. 14 release. They also discussed PPG’s recent actions to weather the recession and position the company for continued growth in 2011 and beyond.

“PPG today is well positioned to capitalize on the continued recovery in the global economy,” Bunch said in the release. “During the recession, we hunkered down, took significant restructuring actions, focused on reducing costs and generating cash, and also selectively invested for growth. We succeeded in each of these areas. Our efforts delivered resilient financial performance and superior returns to shareholders.”

In its most recent quarter, the company reported record adjusted earnings of $1.59 per share, despite overall volumes that were nearly 10 percent below pre-recession levels.

Read the full release.

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