PPG to sell fibre glass operations to Nippon Electric

By Kasia Patel
Published: Wednesday, 22 June 2016

The US-based paints and coatings manufacturer produces fibre glass at eight facilities worldwide including the US and China, but is planning to sell off its European operations in the Netherlands and the UK. Overall glass sales declined in Q1, while demand for fibre glass specifically grew in the US, offsetting continued weakness in Europe.

Pittsburgh, US-based paint and speciality materials supplier PPG Industries has signed an agreement with Nippon Electric Glass Co. Ltd for the sale of its European fibre glass operations for an undisclosed amount. Subject to conditions, the transaction is expected to close in the second half of 2016.PPG's European fibre glass operations...

This is a preview of the full article

Our market news and price data is reserved for registered users only.

Current customer? Login now

All of our industrial minerals price data and news is now available only through our new platform. Learn more about the intelligence we offer by visiting our Fastmarkets flagship website. If you are familiar with our reliable and trusted intelligence, fill out a request a quote form today to hear from our friendly sales staff who will create a custom license for you.

Interested in lithium prices? We now offer lithium prices and coverage free for reference. Click here to read all about it.

Interested in the wider electrification market?
Join our growing community of participants who want to learn more about electrification and how this market is developing.

Request a quote