PPG Industries To Sell Mt. Zion Float Glass Manufacturing Facility

By RTT News, 
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(RTTNews.com) - PPG Industries Inc. ( PPG ) Friday said it will sell all the assets of its Mt. Zion, Illinois, glass manufacturing facility to automotive glass maker Fuyao Glass America Inc. Financial terms of the deal were not disclosed. The transaction is expected to be complete in the third quarter 2014.

Currently, the Mt. Zion facility manufactures glass for use in residential and commercial construction markets. Fuyao's plan is to rebuild and retrofit the facility's two production lines to manufacture automotive glass.

PPG said it will continue to operate the plant for up to one year, producing Sungate coated glass and clear glass. Gradually, the production will be shifted to company's other North American float glass manufacturing sites.

Richard Beuke, PPG vice president of flat glass said: "Glass coatings technology remains the engine of our growth and we plan to make incremental technology investments in our facilities to improve our current capacity for better-performing, low-e glass and to expand our overall technical capabilities for newer, more advanced products."

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