PITTSBURGH, Dec. 6, 2011 – During PPG Industries’ (NYSE:PPG) 2011 capital markets day yesterday in New York City, Chairman and CEO Charles E. Bunch and other senior leaders discussed PPG’s transformation into a leading global coatings and specialty products company with strong and growing positions in all major geographic regions. They highlighted the company’s progress that has led to recent excellent financial performance and explained strategies for future success, including organic growth, innovation, cost and supply chain management, as well as continuing disciplined cash deployment.

“In each of the past five quarters, PPG has achieved record earnings per share, averaging nearly 30 percent above prior quarterly records, despite elevated raw material inflation and sales volumes that remain below pre-recession 2008 levels,” Bunch said. “Our record performance reflects the value-added technologies we are providing to our customers globally, our aggressive cost management and strong operational execution, and our earnings-focused cash deployment.”

Bunch said that PPG’s sales in coatings and specialty products have more than doubled since 2001 and now account for more than 80 percent of total company revenues. In addition, he said PPG’s overall sales in emerging regions have grown to account for about 26 percent of the company’s portfolio.

“In 2012, we plan to continue to pursue growth in key technology-driven businesses, notably aerospace, automotive refinish and optical, as well as in faster-growing emerging regions,” Bunch said. “In addition, we intend to maintain our keen focus on cost and operations. PPG today is a technology leader in the coatings sector, and we aim to enhance our position by delivering additional innovative solutions to our customers.”

PPG’s portfolio and geographic growth through bolt-on acquisitions continued in 2011, Bunch said, as the company completed the purchases of Equa-Chlor, a U.S.-based chlor-alkali manufacturer, and Ducol Coatings, a South African automotive refinish coatings company, and announced agreements to acquire Dyrup A/S, a European architectural coatings manufacturer, and Colpisa, an automotive original-equipment and refinish coatings manufacturer based in Colombia. Bunch said that he anticipates further consolidation in the $92 billion global coatings industry, and that PPG plans to continue to evaluate growth opportunities.

“Our outlook for global economic conditions in 2012 includes growth in global industrial activity, including increased global automotive OEM industry production, and we believe global growth rates in the coatings industry will outpace gross domestic product,” Bunch said. “We expect that lower natural gas costs will continue to be a benefit to PPG in 2012. We also anticipate a continued slow recovery in the developed regions in residential and non-residential construction markets, and that uncertainty in the European region will result in subpar growth there.”

Regarding current business conditions, Bunch said that most PPG businesses are performing in line with normal, seasonal fourth-quarter trends. Commenting on PPG’s recent declaration of force majeure for certain optical products because of flooding in Thailand, Bunch said that it would likely have a negative impact of about 8 cents to 14 cents per share on fourth quarter 2011 earnings but that there would be “minimal carryover effect into 2012.” Bunch also said that the company’s Commodity Chemicals segment could experience a 20 percent to 40 percent decrease in fourth quarter 2011 earnings sequentially over third quarter 2011 results, due in large part to “chlorine customer inventory management.”

Bunch said that PPG’s cash generation is typically strongest during the fourth quarter, and that this quarter’s cash performance is consistent with that of prior years. He also said the company’s current cash balance remains at historically elevated levels, and that PPG plans to deploy cash during 2012 in ways that are focused on earnings accretion, such as for disciplined acquisitions, expanded organic capital spending, and share repurchases and other earnings initiatives.

“Cash returned to shareholders via dividends and share repurchases has increased by nearly 100 percent the past three years versus the previous decade average,” Bunch said, “and this remains a hallmark for the company.” The company has paid uninterrupted annual dividends since 1899 and increased its dividend payment in June 2011, marking 40 consecutive years of increasing annual dividend payouts. In addition, PPG repurchased 18 million shares of stock over the past 24 months, or more than 10 percent of outstanding shares. In October 2011, PPG’s board of directors authorized the repurchase of an additional 10 million shares.

The meeting was webcast and accessible through PPG's Investor Center at www.ppg.com, where a webcast replay will be available for 12 months following the original presentation. The teleconference is available for replay until Dec. 22 using the following dial-in numbers:

U.S.: (888) 286-8010
International: (617) 801-6888
Access code for replay: 81290766

PPG: BRINGING INNOVATION TO THE SURFACE.(TM)
PPG Industries' vision is to continue to be the world’s leading coatings and specialty products company. Through leadership in innovation, sustainability and color, PPG helps customers in industrial, transportation, consumer products, and construction markets and aftermarkets to enhance more surfaces in more ways than does any other company. Founded in 1883, PPG has global headquarters in Pittsburgh and operates in more than 60 countries around the world. Sales in 2010 were $13.4 billion. PPG shares are traded on the New York Stock Exchange (symbol:PPG). For more information, visit www.ppg.com.

Forward-Looking Statements
Statements in this news release relating to matters that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 reflecting the company’s current view with respect to future events or objectives and financial or operational performance or results. These matters involve risks and uncertainties as discussed in PPG Industries’ periodic reports on Form 10-K and Form 10-Q, and its current reports on Form 8-K, filed with the Securities and Exchange Commission (SEC). Accordingly, many factors could cause actual results to differ materially from the company’s forward-looking statements.

Among these factors are global economic conditions, increasing price and product competition by foreign and domestic competitors, fluctuations in cost and availability of raw materials, the ability to maintain favorable supplier relationships and arrangements, difficulties in integrating acquired businesses and achieving expected synergies therefrom, the ability to penetrate existing, developing or emerging foreign and domestic markets, and economic and political conditions in international markets, foreign exchange rates and fluctuations in such rates, fluctuations in tax rates, the impact of future legislation, the impact of environmental regulations, unexpected business disruptions and the unpredictability of possible future litigation, including litigation that could result if the asbestos settlement discussed in PPG’s filings with the SEC does not become effective. However, it is not possible to predict or identify all such factors. Consequently, while the list of factors presented here is considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties.

Unlisted factors may present significant additional obstacles to the realization of forward-looking statements.

Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on PPG’s consolidated financial condition, results of operations or liquidity.

Forward-looking statements speak only as of the date of their initial issuance, and PPG does not undertake any obligation to update or revise publicly any forward-looking statement, whether as a result of new information, future events or otherwise.

Contact:
Jeremy Neuhart
PPG Corporate Communications
412-434-3046
neuhart@ppg.com

Investors:
Vince Morales
PPG Investor Relations
412-434-3740
vmorales@ppg.com