PPG today announced that it recently opened a distribution center in Hermosillo, Sonora, Mexico, to serve its PPG-Comex business. The company recently marked completion of the project, which helps to maintain more than 200 jobs in the region, with a grand-opening ceremony attended by Jorge Vidal Ahumada, Sonora’s minister of economy.
With nearly 34,200 square feet (3,176 square meters) of space, the new center accommodates storage of about 3.5 million liters (about 924,600 gallons) of paint and coatings to help improve the distribution and commercialization of COMEX® brand and other PPG products in the Pacific region of Mexico.
“With this new distribution center, we will grow the presence of and loyalty to the Comex brand in the Pacific region,” said Marcos Achar, chief executive officer of PPG-Comex and PPG vice president of architectural coatings, Latin America. “This will strengthen our distribution model and allow us to maintain growth rates of double national GDP, by enabling us to more efficiently help our growing base of Mexican retail customers, especially those in the Pacific region, to protect and beautify their homes and build lasting projects.”
Achar said the new distribution center is part of a larger effort by PPG-Comex to expand its presence in northwestern Mexico. “The Pacific region is a significant part of Mexico’s paints and coatings market, with growing cities such as Mexicali, Chihuahua, Los Cabos and La Paz. Our Hermosillo distribution center not only reduces our shipping time to regional paint stores to one day or less from five days, but it also supports our plan to open 30 additional paint stores in the region during 2016.”
PPG-Comex (comex.com.mx) is PPG’s architectural coatings business in Mexico and Central America. The Comex brand has 4,000 stores and is a leader in the manufacture, marketing and distribution of decorative paints, wood care products, industrial coatings, drywall, accessories and more in the region. The Comex brand fortifies its leadership with constant innovation and expansion and offers more than 15,000 solutions that beautify and protect life.
PPG: WE PROTECT AND BEAUTIFY THE WORLD™
At PPG (ppg.com), we work every day to develop and deliver the paints, coatings and materials that our customers have trusted for more than 130 years. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 70 countries and reported net sales of $15.3 billion in 2015. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets.
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. The forward-looking statements contained herein include statements relating to growth of the PPG-Comex business and number of store openings in 2016. Actual events may differ materially from current expectations and are subject to a number of risks and uncertainties, including slower growth of the PPG-Comex business and the other risks and uncertainties discussed in PPG’s 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. 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.
We protect and beautify the world is a trademark and the PPG Logo is a registered trademark of PPG Industries Ohio, Inc.
Comex is a registered trademark of Consorcio Comex, S.A. de C.V.
PPG Media Contact: Lidya Fresnedo - PPG-Comex
PPG Investor Contact: Scott Minder
P: +1 412-434-3466 - E: sminder[.]ppg.com.