PPG has partnered with a student organization from the Eindhoven University of Technology in the Netherlands to develop the Stella Terra, believed to be the world’s first off-road car powered by the energy of the sun, making it independent of charging stations and paved roads.
Reportedly, consolidated net sales increased 1.1% in the quarter to $6.12 billion. All comparisons are to the third-quarter of the prior year, unless otherwise noted.
Tim Knavish, PPG Chairman and Chief Executive Officer, commented on the quarter, saying, “ We achieved record third-quarter net sales and adjusted earnings per share aided by the breadth and resiliency of our business portfolio."
The company has invested in a new extension of the Yacht Paint Application Center (YPAC) located in Southampton, U.K., to provide new innovative products, applications and techniques to professional and DIY applicators.
The commitment aims to introduce students to the diverse and high-tech career paths within modern industry and provide them with educational opportunities to pursue technical and STEM-related fields.
The company reports that the CEO selection is the result of a well-developed and thoughtful process to ensure a seamless leadership transition that focuses on strength, momentum, and growth.
