PPG 3Q Earnings up 29%


Shortage of chips hurt auto production. Must have hurt paint sales. But numbers are up.

They are the leader in paint in the US and sell world wide. Broad product line includes house paint, industrial coatings (as for rail cars etc), container coating (beer cans etc). They are especially the leader in electrodeposition primer for automobiles. The reason fenders don’t rust out any more.

Conference call scheduled tomorrow.

Sherwin Williams is probably the largest competitor but more in house paint and product coatings. Not very international. Not much automotive. But if you want to paint a bicycle, they are the ones. With stores all over that can get any of their products. A leader in auto refinish.

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