PPG (NYSE:PPG) shares fell Tuesday, on opening a $17-million aerospace application support center (ASC) in Toulouse, France. The facility provides filling and packaging capabilities for aerospace materials, including coatings and sealants for a wide range of aircraft, as well as technical support and a laboratory. The strategic location of ASC Toulouse enables the company to provide faster product deliveries to aerospace customers in southern Europe and North Africa.
“PPG is a critical supplier to the aerospace industry, with a suite of technologically advanced products,” said Francois Buehlmann, PPG general manager EMEA, Aerospace. “This new facility will significantly enhance our responsiveness and customer support capabilities, while enabling the qualification of our unique materials earlier in the product development cycle.”
The ASC comprises a laboratory for the development of aerospace materials, a color-blending area for coatings and a spray booth for hands-on training of paint applications. It also houses filling lines for touch-up kits, a transparencies inspection cell, customized packaging capabilities for third-party products, chemical management resources, and a customer service center. It is the company’s 17th ASC worldwide.
With headquarters in Pittsburgh, PPG claims to operate and innovate in more than 70 countries and reported net sales of $17.7 billion in 2022. “We serve customers in construction, consumer products, industrial and transportation markets, and aftermarkets,” read Tuesday’s news release.
PPG shares let go of 18 cents to $145.69.
