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Stock Market & Financial Investment News

News Breaks
June 17, 2014
08:26 EDTPPGPPG Industries invests $40M in Brazil facility expansion
PPG Industries announced an investment of about $40M in its coatings manufacturing facility located in Sumare, So Paulo, Brazil. The expansion project will add a 65K-square-foot plant for on-site resin production. The resin will be used to manufacture PPGs electrocoat products to meet growing demand among automotive original equipment manufacturers and industrial coatings customers in the region. PPG anticipates completion of the project in FY15 and expects to add more than 30 new positions at the facility.
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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 PPGs 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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