PPG Completes Sale Of Mount Zion Float Glass Facility

  Mergers, acquisitions & disposals

PPG will continue to operate the plant for up to one year while Fuyao upgrades two productions lines.

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PPG Industries announced that it has completed the sale of substantially all the assets of its Mount Zion, Illinois, glass manufacturing facility to automotive glass manufacturer Fuyao Glass America Inc. Financial terms were not disclosed.
Fuyao plans to rebuild and retrofit the facility’s two production lines to manufacture automotive glass. PPG will continue to operate the plant for up to one year, producing SUNGATE coated glass and clear glass.
PPG said the sale of the Mount Zion facility is consistent with the strategic initiative of its flat glass business to focus on its higher-technology, coated glass capabilities for residential and commercial construction applications.
Fuyao Glass Industry Group Co. Ltd. (FYG) is an international manufacturer of automotive and industrial glass located in the People’s Republic of China.

Channel: Mergers, acquisitions & disposals

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