PPG performance glazings business to restructure manufacturing, reduce staff
Company to close Owen Sound facility, idle one line at Mt. ZionCHESWICK., Pa., Sept. 24, 2008 –
PPG Industries’ (NYSE:PPG) performance glazings business today announced it would restructure its manufacturing operations. The company cited weakness in the North American residential construction market that is affecting glass suppliers.
The company said it will cease production in the first quarter 2009 at its Owen Sound, Ont., Canada, glass manufacturing facility, which employs approximately 170 people. Shipping and distribution of products there will continue until inventory is depleted. The company also said it would idle one float glass line at its Mt. Zion, Ill., glass plant in the second quarter next year.
“We believe these steps will make our business stronger, and therefore will better enable us to provide innovative technologies, high-quality products and superior customer service,” said Mark Orcutt, PPG vice president, performance glazings. “These decisions are never easy, especially when it affects employees who have been solid contributors, friends and colleagues. However, after careful review, we believe these steps are necessary to help ensure the long-term viability of our business.”About PPG
Pittsburgh-based PPG is a global supplier of paints, coatings, chemicals, optical products, specialty materials, glass and fiber glass. The company has more than 150 manufacturing facilities and equity affiliates and operates in more than 60 countries. PPG shares are traded on the New York Stock Exchange (symbol: PPG). For more information, visit www.ppg.com