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News Breaks
December 27, 2012
08:18 EDTPPGPPG Industries declares force majeure for certain commodity chemicals
PPG Industries announced that it has declared force majeure for vinyl chloride monomer manufactured at the company’s Lake Charles, La., chemicals complex and for all grades of liquid caustic soda on a systemwide basis. The company did not provide an end date for the force majeure. This force majeure is a direct result of a Dec. 24 fire at the Lake Charles chemicals complex. The fire affected the vinyl chloride monomer unit and did not result in any off-site environmental impact. One employee was transferred to the hospital and is currently being treated. The company added that the expense stemming from the equipment damage and lost sales volume will likely impact PPG’s Commodity Chemicals segment earnings by $5M-$8M in 4Q12, and an incremental $2M-$5M in 2013 based on current information.
News For PPG From The Last 14 Days
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May 6, 2015
13:22 EDTPPGPPG Industries says 30% of net sales from Europe
Seeing very modest growth in Europe over last couple of years but recently seeing things potentially improving as Automotive sales in Europe are improving. Comments from presentation at Wells Fargo 2015 Industrial and Construction Conference.
May 5, 2015
08:33 EDTPPGPPG says Goodyear Tire to use AGILON performance silica
PPG Industries (PPG) announced that Goodyear Tire & Rubber Company (GT) has contracted to use AGILON(R) performance silica by PPG to increase the fuel efficiency of its tires. In February, PPG announced capacity expansion at its Delfzijl, Netherlands, production facility, planned in large part to meet growing global demand for Agilon performance silica by Goodyear and other tire manufacturers.
May 1, 2015
10:05 EDTPPGHigh option volume stocks:
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