PPG launches eco-friendly powder coatings with recycled plastic

PITTSBURGH - PPG Industries (NYSE:PPG), currently showing strong financial health according to InvestingPro data with an overall score of "GOOD," announced the introduction of a new line of powder coatings, PPG ENVIROLUXE™ Plus, which incorporates up to 18% post-industrial recycled plastic and is formulated without per- and polyfluoroalkyl substances (PFAS). The company claims this latest addition to its product range can reduce carbon footprints by up to 30% compared to standard durable powders.

The new PPG ENVIROLUXE Plus powder coatings are designed to provide a sustainable option that does not compromise on protective performance. By eliminating polytetrafluoroethylene (PTFE) fluoropolymer and integrating recycled post-industrial plastic (rPET), PPG aims to offer a product that supports businesses in achieving their sustainability goals while maintaining durability and aesthetic appeal.

Shelley Verdun, PPG’s business manager for powder coatings, emphasized the dual benefits of durability and sustainability, stating that the advanced technology behind these coatings ensures superior performance and long-lasting protection. Additionally, the product is said to offer other environmental advantages such as high transfer efficiency, reclaimable overspray, and low volatile organic compound (VOC) emissions.

The PPG ENVIROLUXE powder coating family includes other products such as PPG ENVIROLUXE rPET, which contains up to 40% post-industrial rPET in its proprietary polyester resin, and PPG ENVIROLUXE PFAS NIA, a formulation without intentionally added PFAS.

These coatings are suitable for a variety of applications, including metal office furniture, outdoor fencing, and shelving and racking systems. Available in a wide range of standard and custom colors, including metallic options, they provide aesthetic flexibility for manufacturers.

PPG, with a history spanning over 140 years, continues to focus on developing paints, coatings, and specialty materials, reporting net sales of $15.8 billion in 2024. The company maintains strong financials with a gross profit margin of 41.7% and has demonstrated remarkable shareholder value, having raised its dividend for 54 consecutive years. InvestingPro analysis suggests the stock is currently undervalued, with additional insights available in the comprehensive Pro Research Report. The company’s latest product development reflects its ongoing commitment to sustainability in the industrial coatings market.

This announcement is based on a press release statement from PPG. With 11 analysts recently revising their earnings expectations and a market capitalization of $25.87 billion, investors can access deeper analysis and more exclusive insights through InvestingPro, which offers comprehensive coverage of PPG and 1,400+ other US stocks.

In other recent news, PPG Industries reported its first-quarter 2025 financial results, exceeding analysts’ expectations. The company achieved adjusted earnings per share (EPS) of $1.72, surpassing the forecast of $1.64, and reported revenue of $3.68 billion, slightly above the anticipated $3.67 billion. The company’s strategic focus on organic growth and strategic investments has been highlighted as a contributing factor to these results. Analysts noted the company’s resilience, particularly in its aerospace and automotive refinish segments, which drove organic sales growth despite a 4% decline in overall sales compared to the previous year. PPG Industries also announced a stock repurchase of approximately $400 million during the quarter. The company remains optimistic about its growth prospects, providing a full-year EPS guidance of $7.75 to $8.50. PPG Industries’ strategic initiatives and regional performances, particularly in Asia and the U.S., have supported its positive financial outcomes.

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