25th
September 2008 - PPG To Close
Glass Manufacturing Facility in Canada
| Restructure
Manufacturing, Reduce Staff |
| Company to Close Owen
Sound Facility, Idle One Line at Mt. Zion |
PPG Industries’ performance glazings
business has 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).
Source: PPG Press Release