Paint and coating maker PPG has released Q4’20 earnings with revenue growth of 2.3%. While the firm’s supply chain activity has increased, with U.S. seaborne imports up by 12.9% year over year, the firm’s CEO, Michael McGarry, has noted the “demand is very strong, but it is very choppy” in the autos and industrials business. At the product level, shipments of paints climbed 42.9% year over year in Q4’20 while imports of polymers dropped by 9.5%. Other major paint importers are also experiencing an expansion with shipments linked to Contran and Chemours having increased by 72.4% and 39.4%...
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