3 October 2016
DETAILS
PPG (NYSE:PPG) today announced
that it has completed
the sale of its European fiber glass operations
to glass manufacturer
Nippon Electric Glass Co. Ltd. (NEG).
Financial terms were not disclosed.
Manufacturing facilities in
* Hoogezand, Netherlands, and
* Wigan, England, and
a research-and-development facility
in Hoogezand were included in the transaction.
The European fiber glass operations manufacture
reinforcement materials for
thermoset and thermoplastic composite applications.
They serve the transportation, energy, infrastructure
and consumer markets.
PPG (NYSE: PPG) today announced
that it has completed
the sale of its flat glass manufacturing
and glass coatings operations to
a leading producer of flat glass and specialty products.
The sale includes PPG’s entire flat glass
manufacturing and glass coatings operations,
including production sites located in
Fresno, California; Salem, Oregon;
Carlisle, Pennsylvania; and Wichita Falls, Texas;
four distribution/fabrication facilities
located across Canada; and
a research-and-development center
located in Harmar, Pennsylvania, near Pittsburgh.
The business manufactures glass
that is fabricated into products used
primarily in commercial and residential construction.
READ MORE, SALE OF FIBER GLASS
PPG Media Contact:
Mark Silvey
Corporate Communications
+1-412-434-3046
silvey@ppg.com
PPG Investor Contact:
Scott Minder
Investor Relations
+1-412-434-3466
sminder@ppg.com
investor.ppg.com
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