PPG reaches agreement to sell Mt. Zion float glass manufacturing facility
PPG Industries today announced that it has reached a definitive agreement to sell substantially all the assets of its Mt. Zion, Illinois, glass manufacturing facility to automotive glass manufacturer Fuyao Glass America Inc. The sale is expected to close in the third quarter 2014, subject to customary closing conditions.
PPG reports record second quarter net sales and earnings
PPG Industries today reported record second quarter 2014 net sales from continuing operations of $4.1 billion, up $199 million, or 5 percent, versus the prior year. Second quarter 2014 reported net income from continuing operations was $393 million, or $2.80 per diluted share. Second quarter 2014 adjusted net income from continuing operations was $398 million, or $2.83 per diluted share, which excludes $3 million after-tax, or 2 cents per diluted share, for pension settlement costs and $2 million after-tax, or 1 cent per diluted share, for acquisition-related costs.
PPG directors announce quarterly dividend of 67 cents per share
The board of directors of PPG Industries today declared a regular quarterly dividend of 67 cents per share, payable Sept. 12 to shareholders of record Aug. 11.
PPG appoints McGarry chief operating officer
PPG Industries today announced the appointment of Michael H. McGarry, currently executive vice president, to chief operating officer, effective Aug. 1. McGarry will have executive oversight responsibility for all PPG’s businesses and operating regions and for the information technology (IT), environment, health and safety (EH&S), and purchasing functions.
PPG publishes new consumer electronics coatings brochure
PPG Industries’ industrial coatings business has published a brochure covering its full line of coating, pretreatment and customer support solutions for designers and manufacturers of consumer electronics.
Omni Nashville Convention Center Hotel features SOLARBAN R100 glass by PPG
The new Omni Nashville Convention Center Hotel, a 21-story, 825,000-square-foot tower, was constructed with SOLARBAN® R100 glass by PPG Industries.
PPG co-organizes Chinese national automotive repair competition for sixth year
PPG Industries provided all coatings products for contestants in the Auto Body Painting Contest portion of the 2014 “Chevrolet Cup” National Automotive Application and Repair Skills Competition. This is the sixth consecutive year PPG has supported the event, which took place at the Secondary Vocational School of Automotive Engineering in Wuxi, China.
PPG adds new clearcoat to OMNI Plus product line
PPG Industries' automotive refinish business has expanded its OMNI™ PLUS product offering with the addition of MC2800 EUROPLUS™ Speed Clear, a 4.2 VOC (volatile organic compound) high-solids clearcoat that addresses the performance and value priorities of the cost-conscious collision center. The new clearcoat is designed to provide excellent gloss and appearance while meeting National Rule requirements.
PPG reiterates responsible care commitment at AICM event
PPG Industries recently participated in the Responsible Care Beijing Manifesto Ceremony held by the Association of International Chemical Manufacturers (AICM). At the ceremony, PPG and 39 other AICM member companies reiterated their commitment to the principles of “responsible care” and vowed to make greater efforts to promote environmental protection in China.
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PPG introduces online digital design and specifications binder for metal coatings
PPG Industries’ coil and building products coatings group announced that its Architectural Metal Coatings binder is now available online in a digital, downloadable format at www.ppgideascapes.com.