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PPG to Invest $40 Million in Facility Expansion in Brazil - Expansion will establish resin production for electrocoat at Sumare, São Paulo, facility - PPG.com
PPG to Invest $40 Million in Facility Expansion in Brazil

 

PRZOOM - /newswire/ - Pittsburgh, PA, United States, 2014/06/17 - Expansion will establish resin production for electrocoat at Sumare, São Paulo, facility - PPG.com. NYSE: PPG

   
 
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PPG Industries today announced an investment of about $40 million in its coatings manufacturing facility located in Sumare, São Paulo, Brazil.

The expansion project will add a 65,000-square-foot plant for on-site resin production. The resin will be used to manufacture PPG’s electrocoat products to meet growing demand among automotive original equipment manufacturers (OEMs) and industrial coatings customers in the region. PPG anticipates completion of the project in 2015 and expects to add more than 30 new positions at the facility.

“PPG is committed to the market in Brazil and the needs of our customers across Latin America,” said Cynthia Niekamp, PPG senior vice president, automotive coatings. “The expansion of the Sumare facility enables PPG to localize production and demonstrates our long-term commitment to support our customers in this very important region.”

PPG: BRINGING INNOVATION TO THE SURFACE™

PPG Industries' vision is to continue to be the world’s leading coatings and specialty materials company. Through leadership in innovation, sustainability and color, PPG helps customers in industrial, transportation, consumer products, and construction markets and aftermarkets to enhance more surfaces in more ways than does any other company. Founded in 1883, PPG (ppg.com) has global headquarters in Pittsburgh and operates in nearly 70 countries around the world. Net sales in 2013 were $15.1 billion. PPG shares are traded on the New York Stock Exchange (symbol: PPG).

Bringing innovation to the surface is a trademark of PPG Industries Ohio, Inc.

Investors: Vince Morales - PPG Investor Relations
P: 412-434-3740 - E: vmorales[.]ppg.com.

 
 
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Agency / Source: PPG Industries, Inc.

 
 

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PPG to Invest $40 Million in Facility Expansion in Brazil

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Contact: Mark Silvey - PPG Corporate and Government Affairs 
412-434-3046 silvey[.]ppg.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any PPG Industries, Inc. securities in any jurisdiction including any other companies listed or named in this release.

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