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    Breaking News

    PPG Completes $541M Sale of Remaining Fiberglass Operations to Nippon Electric Glass

    NEG acquired facilities and operations in N.C., S.C. and Pa.

    PPG Completes $541M Sale of Remaining Fiberglass Operations to Nippon Electric Glass
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    • PPG Issues Statement on AkzoNobel
    09.05.17
    PPG on Tuesday said it completed the approximately $541 million sale of its remaining fiberglass operations to Nippon Electric Glass Co. Ltd. (NEG).

    NEG acquired PPG's manufacturing facilities in Chester, S.C. and Lexington and Shelby, N.C.; and research-and-development and administrative operations in Harmar, Pa. and Shelby. 

    Per PPG, NEG employs more than 1,000 people and had net sales of approximately $350 million in 2016. 


    In 2016, PPG completed the sale of its European fiberglass operations to NEG and divested its ownership interests in two Asian fiberglass joint ventures. PPG also completed the sale of its North American flat glass business in 2016.
     
    With the sale of this remaining piece of its Glass reportable segment, PPG is now comprised of two coatings-focused reportable business segments: Industrial Coatings and Performance Coatings.
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      Increases will be implemented in the first quarter of 2020, or as permitted by contract.
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      Evonik, Wynca Celebrate Groundbreaking of New Fumed Silica Plant in Zhenjiang

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      Effective Jan. 1, 2020, Christian Schubert, 56, currently VP, head of Berlin office, will assume the newly created role VP, Corporate Government Relations, based in Berlin. He will continue to act as head of BASF’s Berlin office and to repor…
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      12.09.19

    • Breaking News | Powder Coatings
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      Greenkote PLC Reports Upsurge in Powder Coatings Applications on Brake Calipers

      Greenkote PLC reported a notable upsurge in its business coming from auto manufacturers – specifically for applying brightly-colored powder coatings to brake caliper assemblies. Greenkote provides powder coating services at its facility in Que…
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      Addipel Moves to New HQ, Expands Production Facility

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    • Breaking News | Paint & Coatings Manufacturer News
      HMG Paints Wins BCF

      HMG Paints Wins BCF's Corporate Social Responsibility Award

      For the second time since the award was introduced in 2017, HMG Paints Ltd. took home the Corporate Social Responsibility Award at the 10th annual British Coatings Federation Awards. Held at the Radisson Blu Hotel, East Midlands Airport, the evening…
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    • Beckers Group Announces Global Price Increase on Coil, Industrial Coatings
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    View Breaking News >
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