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PPG May Sell Fine Chemicals, Auto Glass Businesses
1:28 PM MDT | August 6, 2007 | Robert Westervelt
PPG Industries may sell its fine chemicals and automotive glass operations, according to its annual report issued last week. The company’s automotive OEM glass, automotive replacement glass and services, and fine chemicals operation have been hurt by overcapacity and weak margins, PPG says. The potential divestiture is “part of an ongoing process that includes a review of our array of operating segments in relation to our overall strategic and performance objectives,” PPG says. ”In 2007, this process will include considering alternatives...
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