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PPG expects its sales to be lower in Q3 2021 on a number of factors

September 15/2021

MOSCOW (MRC) -- PPG Industries Inc. (PPG) said its sales volumes are being impacted by the increasing disruptions in commodity supplies; further reductions in customer production due to certain parts shortages such as semi-conductor chips; and continuing logistics and transportation challenges in many regions, according to Markets Insider.

As a result, the company lowered its third quarter sales volume outlook. Also, PPG withdraw its guidance for the third quarter and full-year 2021.

The company now expects third quarter sales volumes will be lower by USD225 million to USD275 million, compared to what it anticipated at the start of the third quarter.

PPG noted that raw material inflation for the third quarter is trending higher than previously communicated by about USD60 million to USD70 million.

As MRC reported earlier, in June 2021, PPG  announced an expansion of its coatings manufacturing capacity in Europe for packaging applications. The investments at sites in The Netherlands and Poland will support growing customer demand in the region for the latest generation of coatings for aluminum and steel cans used in packaging for beverage, food and personal care items. The projects include a further expansion of the companys location in Tiel, The Netherlands, which will increase the plants production capacity for PPG INNOVEL non-BPA internal coatings for beverage cans by 30%. Expected to be completed in the first quarter of 2022, the project follows a 50% expansion completed at the end of 2020.

BPA is the main feedstock for the production of polycarbonate (PC).

According to MRC's ScanPlast report, Russia's overall estimated consumption of polycarbonate (PC) granules in the Russian market were almost 56,000 tonnes in January-July 2021, down by 3% year on year (58,000 tonnes).
Author:Margaret Volkova
Tags:Europe, coatings, packaging, paints and coatings, PPG, Netherlands, Poland.
Category:General News
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