PPG Industries Inc.
) will be investing over $27 million to expand its San Juan del
Rio, Qro., Mexico, coatings manufacturing plant. The project is
expected to complete in 2015 and will mark another step toward
enhancing the company's presence in Mexico.
PPG Industries will add four new buildings to the manufacturing
complex in Mexico, featuring roughly 100,000 square feet of
additional production and laboratory space. The additional
facility will be hiring over 115 people, which will translate
into a 30% increase in its workforce.
The development plan will incorporate eco-friendly designs that
will provide natural light, intelligent lighting systems to
maximize energy efficiency and water recycling capabilities.
This additional wing will enable PPG Industries to meet the
growing demand for its coatings by automotive Original Equipment
Manufacturer (OEMs), protective and marine, packaging and
industrial customers in Mexico and local end-use markets.
The enhanced capacity will also increase PPG Industries'
capability to serve the country's rapidly growing automotive
manufacturing market with the globally accepted waterborne and
compact process technologies.
On Mar 13, PPG Industries' protective and marine coatings
business unit completed an important coating pipeline project for
Africa Pipe Industries. The company supplied internal and
external coatings for a 46 kilometer long, 2.1-meter diameter
pipeline installed for South African utility, Rand Water.
A few days earlier, PPG Industries completed its
earlier-announced acquisition of high-temperature-resistant and
insulative coatings supplier Hi-Temp Coatings Technology Co.,
Inc., for an undisclosed price. The addition of Hi-Temp's
products and technologies strengthens PPG Industries' protective
and marine coatings business by offering a number of growth
opportunities, notably in the petrochemical space.
All these endeavors undertaken by PPG Industries are enabling it
move toward its goal of achieving growth by strategically
handling its businesses at controlled costs. The company sees
favorable market conditions across the aerospace and automotive
end-markets in 2014.
PPG Industries currently carries a Zacks Rank #2 (Buy).
Other companies in the chemical industry worth considering
Cytec Industries Inc.
The Dow Chemical Co.
). All three carry the same Zacks Rank as PPG Industries.
CYTEC INDS INC (CYT): Free Stock Analysis
DOW CHEMICAL (DOW): Free Stock Analysis
METHANEX CORP (MEOH): Free Stock Analysis
PPG INDS INC (PPG): Free Stock Analysis
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