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Markets :: Specialty Chemicals :: Paints and Coatings

September 29, 2008

PPG to Close Several Coatings and Glass Plants

Nancy Seewald and Rebecca Coons

PPG Industries says it will close several Canadian, European, and U.S. manufacturing units as part of a reorganization plan that is expected to yield about $100 million in pretax annualized savings by the end of 2009. A pretax charge of about $160 million, or...

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