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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.
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July 18, 2014
09:02 EDTPPGPPG Industries to sell Mt. Zion float glass manufacturing facility
PPG Industries 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. Financial terms were not disclosed. The sale of the Mt. Zion facility is consistent with the strategic initiative by PPG’s flat glass business to focus on its higher-technology, coated glass capabilities for residential and commercial construction application.
July 17, 2014
11:41 EDTPPGPPG Industries names Michael McGarry as COO, effective August 1
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08:14 EDTPPGPPG remains 'highly focused' on deploying 'strong' cash position
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08:13 EDTPPGPPG reports Q2 adjusted EPS from cont. ops $2.83, consensus $2.77
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