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Stock Market & Financial Investment News

News Breaks
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.
News For PPG From The Last 14 Days
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October 1, 2014
17:04 EDTPPGCourt affirms amended reorganization plan for Pittsburgh Corning Corporation
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17:03 EDTPPGPPG Industries' and Corning' Pittsburgh Corning reorganization plan reaffirmed
PPG Industries (PPG) announced that the U.S. District Court for the Western District of Pennsylvania issued a memorandum opinion and order on Sept. 30 affirming confirmation of the current Pittsburgh Corning plan of reorganization. PPG and Corning Incorporated (GLW) are each 50% shareholders of Pittsburgh Corning, which filed for Chapter 11 bankruptcy protection in 2000. Under the plan of reorganization, PPG and its participating insurers are to make their initial payments to the trust 30 business days after the plan becomes effective and all conditions to funding have been met.
05:41 EDTPPGPPG Aerospace expands sealants production capacity at UK facility
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