ppg industries inc (PPG) Key Developments
PPG Industries Inc. Marks Completion of $40 Million Expansion at Brazil Facility
Mar 19 15
PPG Industries marked the completion of a $40 million, 65,000-square-foot plant for on-site resin production at its Sumaré, São Paulo, Brazil, coatings manufacturing facility. Resin produced at the facility will be used to manufacture PPG’s electrocoat products to meet growing demand from automotive original equipment manufacturers (OEMs) and industrial coatings customers in the region.
PPG Industries Inc. Announces Offering of EUR 600 Million Aggregate Principal Amount of 0.875% Notes Due 2022
Mar 9 15
PPG Industries Inc. announced that on March 6 it priced its previously announced offering of EUR 600 million aggregate principal amount of 0.875% notes due 2022 at an issue price of 99.555% of the principal amount and EUR 600 million aggregate principal amount of 1.40% notes due 2027 at an issue price of 98.628% of the principal amount. The issuance of the Notes is expected to close on or about March 13, 2015, subject to customary closing conditions. The Notes will pay interest on an annual basis.
PPG Industries Inc. Presents at 5th Annual Alembic Global Advisors Chemical Conference, Feb-25-2015
Feb 23 15
PPG Industries Inc. Presents at 5th Annual Alembic Global Advisors Chemical Conference, Feb-25-2015 . Venue: Deer Valley, Utah, United States.
PPG Industries Appoints Michael H. McGarry as President and Chief Operating Officer, Effective March 1, 2015
Feb 19 15
PPG Industries announced the appointment of Michael H. McGarry, currently chief operating officer, to president and chief operating officer, effective March 1, 2015. McGarry became chief operating officer in August 2014. McGarry will continue to have executive oversight responsibility for all of PPG’s strategic business units and operating regions and for the information technology (IT), environment, health and safety (EH&S), and purchasing functions. He will remain based at PPG’s global headquarters in Pittsburgh and will continue to report to Chairman and CEO Charles E. Bunch. During his 34 years with PPG, McGarry has served in a variety of key business and functional leadership roles in the United States, Europe and Asia. McGarry joined PPG in 1981 as an engineer at the company’s Lake Charles, Louisiana, chemicals complex. He was named executive vice president in September 2012. McGarry also serves as a director on the boards of Axiall Corporation and Pittsburgh Glass Works LLC.
PPG to Increase Silica Production Capacity at Delfzijl, Netherlands, Plant
Feb 3 15
PPG Industries announced that it is increasing precipitated silica production capacity at its Delfzijl, Netherlands, manufacturing location by more than 15,000 tons per year, due in part to growing global demand for AGILON(R) performance silica products. The expansion is expected to come online in 2016 and will help PPG meet growing demand for its silica products, including large-scale Agilon volumes tied to a new multiyear global supply agreement with a multinational tire manufacturer.