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Stock Market & Financial Investment News

News Breaks
March 18, 2014
15:01 EDTPPGPPG Industries to invest $27M in San Juan del Rio facility
PPG Industries announced plans to invest more than $27M in its San Juan del Rio, Queretaro, Mexico, coatings manufacturing facility. The expansion project will add four new buildings to the current complex, representing approximately 100,000 square feet of additional production and laboratory space. The company officially initiated the expansion today with a groundbreaking event and anticipates completion in 2015. The expanded facility is expected to employ more than 115 people, a 30% increase over its current workforce. The additional capacity will enable PPG to meet increasing demand for its coatings by automotive OEM, protective and marine, packaging and industrial customers in Mexico. The expansion project will incorporate eco-friendly building designs, provide natural light in employee areas, use intelligent lighting systems to maximize energy efficiency and incorporate water recycling capabilities.
News For PPG From The Last 14 Days
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January 15, 2015
13:23 EDTPPGPPG Industries sees greater than $1B in Comex sales in FY15
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13:19 EDTPPGPPG Industries sees 2015 FX cutting revenue $650M-$750M
Sees 2015 FX cutting earnings $65M-$75M. Impact seen more prevalent in Q2, Q3 due to seasonality of businesses. FY15 EPS consensus $11.51, FY15 revenue consensus $16.81B. Guidance from slides presentation.
08:11 EDTPPGPPG Industries reports Q4 adjusted EPS $2.11, consensus $1.99
Reports Q4 revenue $3.71B, consensus $3.64B.

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