WALMART STORES INC
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Consumer Staples : Food & Staples Retailing | Large Cap Value
Company profile

Walmart Inc., formerly Wal-Mart Stores, Inc., is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company offers an assortment of merchandise and services at everyday low prices (EDLP). The Company operates through three segments: Walmart U.S., Walmart International and Sam's Club. The Walmart U.S. segment includes the Company's mass merchant concept in the United States operating under the Walmart brands, as well as digital retail. The Walmart International segment consists of the Company's operations outside of the United States, including various retail Websites. The Sam's Club segment includes the warehouse membership clubs in the United States, as well as samsclub.com. The Company operates approximately 11,600 stores under 59 banners in 28 countries and e-commerce Websites in 11 countries.

Closing Price
$143.90
Day's Change
0.95 (0.66%)
Bid
--
Ask
--
B/A Size
--
Day's High
145.53
Day's Low
143.62
Volume
(Below Average)
Volume:
4,843,212

10-day average volume:
5,736,703
4,843,212

PPG Receives DOE Funding for Energy-Saving Automotive Paints and Coatings

11:32 am ET August 13, 2020 (BusinessWire) Print

PPG (NYSE:PPG) today announced a partnership with the U.S. Department of Energy (DOE) Lawrence Berkeley National Laboratory (LBNL) for a research initiative aimed at developing energy-efficient coatings systems for the automotive industry. The PPG project - "Modeling Coating Flow and Dynamics during Drying" - was selected to receive funding through the DOE High Performance Computing for Energy Innovation (HPC4EI) program.

PPG scientists will collaborate with LBNL experts to model the complex physics that contribute to paint flow and leveling in a two-layer coatings system. The insight gained will accelerate the introduction of new multi-layer coatings systems that can be co-cured in a single, lower-temperature bake, reducing paint line energy consumption for automotive original equipment manufacturers (OEMs) by up to 30%.

"Beyond the energy savings achieved from fewer curing steps and faster process times, our research will provide a foundation for future models for water-based coatings and lighter-weight vehicle substrates," said Xinyu Lu, PPG development engineer, automotive OEM coatings. "PPG is at the forefront of coatings technologies that can help vehicle manufacturers significantly reduce their costs and environmental footprints."

The PPG initiative was one of 11 research projects selected in the latest HPC4EI award cycle. PPG has worked with the HPC4EI program over many years to advance programs that increase automotive manufacturing throughput and enable vehicle lightweighting. In 2019, PPG also received a DOE grant to study the aging characteristics of a new generation of structural adhesives needed to join high-strength steel, aluminum, magnesium and other substrates that can help reduce vehicle mass and increase fuel economy.

The HPC4EI program is funded by the DOE Office of Energy Efficiency and Renewables and the Fossil Energy Office. It uses world-class DOE capabilities in high-performance computing to help improve manufacturing processes, and further product and material development to reduce national energy consumption. These high-performance computers use new mathematical breakthroughs to enable increased accuracy of engineering and science simulations, and provide faster optimization and enhanced data analytics. To learn more, visit hpc4energyinnovation.llnl.gov.

PPG: WE PROTECT AND BEAUTIFY THE WORLD(TM)

At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and materials that our customers have trusted for more than 135 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 $15.1 billion in 2019. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.

We protect and beautify the world is a trademark and the PPG Logo is a registered trademark of PPG Industries Ohio, Inc.

CATEGORY Automotive OEM Coatings

View source version on businesswire.com: https://www.businesswire.com/news/home/20200813005581/en/

SOURCE: PPG

PPG Media Contacts: 
Keith Rigby
Automotive OEM Coatings
+1 412-434-1718
krigby@ppg.com 
www.ppg.com


Greta Edgar
Corporate Communications
+1 724-316-7552
edgar@ppg.com 
www.ppg.com
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