GREY:ARGEF - Post by User
Post by
juanito1on Jan 20, 2015 11:08am
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Post# 23339140
I concur- hear are some numbers to chew on
I concur- hear are some numbers to chew onPPG just released their 2014 earnings...lets see the effect on their earnings if they were to implement Argex technology: Sales of Paint products: $14.25 Billion Cost of Goods at 57% is $8.122Billion Now we know from industry that 20% of the cost of paint is TiO2....so 20% of $8.122 Billion is $1.624 Billion.. This is what they paid for their TiO2 in 2014. Lets say the average cost per ton was $3000....which means they consumed 541,000 tons of TiO2 in 2014. if the used the Argex process to reduce their cost...the savings would be $1.624 minus $541,000 which equals $1.08 Billion....for Ever!!!!!!! Just something to Chew on....