PPG names recipients of 2025 Excellent Supplier Awards

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Key Highlights

PPG announced the recipients of its 2025 Excellent Supplier Awards, recognizing global and regional suppliers for exceeding performance metrics. Mitsubishi Chemical Group Corporation won the global sustainability category for developing innovative marine antifouling coatings. The awards span direct, indirect, logistics, and energy sectors.

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PPG today announced the recipients of its 2025 Excellent Supplier Awards, recognizing partners whose performance exceeded requirements across commercial value, quality, innovation, and sustainability. The awards program applies to the company’s global supply base, including direct raw materials, indirect, logistics, and energy sectors. Mitsubishi Chemical Group Corporation (MCC) was named the global winner in the sustainability category for its partnership with PPG on next-generation marine antifouling coatings.

Global and Regional Winners

Several suppliers were recognized for creating value and establishing a competitive advantage for PPG. The awards are categorized by global and regional distinctions, covering both direct and indirect supply chains.

Category Region Supplier Name
Global Winner Indirect Belcan, SAP, EPAM
Global Winner Direct The Shepherd Color Company, Rianlon, LB Group
Regional Winner United States and Canada Eaton (indirect)
Regional Winner Latin America Complementos Coby SA de CV (indirect)
Regional Winner Europe, Middle East and Africa Mercedes-Benz International Corporate Sales (indirect)
Regional Winner Asia Pacific Ayva Packaging Pty. Ltd (indirect), Anhui Shenjian New Material Co., Ltd (direct)

Sustainability Recognition

Mitsubishi Chemical Group Corporation received the global sustainability award for collaborating with PPG to develop materials that offer strong sustainability benefits compared to traditional antifouling coatings. This partnership focused on innovation for marine applications.

Management Commentary

"Our suppliers play a vital role in helping us serve our customers today while positioning PPG for future success," said Christine Camsuzou, PPG vice president, global procurement and integrated supply chain. She highlighted the dedication, creativity, and adaptability of the partners, noting their meaningful impact on the business.

Disclaimer: This article is AI-generated using data from ViewTrade. ScanX is not liable for any inaccuracies.

How will the collaboration with Mitsubishi Chemical Group impact PPG's market share in the marine coatings sector?

What specific sustainability metrics are required for suppliers to qualify for future Excellent Supplier Awards?

Will PPG increase its procurement volume from the recognized winners to strengthen supply chain resilience?

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BMO Capital raises PPG Industries price target to $140

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Reviewed by
Radhika SScanX News Team
Key Highlights

BMO Capital analyst John McNulty maintained an Outperform rating on PPG Industries and raised the price target to $140 from $135.

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BMO Capital analyst John McNulty has maintained an Outperform rating for PPG Industries while raising the price target to $140 from $135. The adjustment reflects an updated valuation outlook for the company.

Rating and Price Action

The research note reinforces a positive stance on the stock. The new price target represents an increase over the previous objective of $135.

Metric Value
Rating Outperform
Previous Price Target $135
New Price Target $140
Disclaimer: This article is AI-generated using data from ViewTrade. ScanX is not liable for any inaccuracies.

What specific factors are driving the updated valuation outlook for PPG Industries?

How might PPG Industries' performance be impacted by current raw material cost trends?

What are the potential risks to achieving the new $140 price target?

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