PITTSBURGH--(BUSINESS WIRE)--Jan. 7, 2016--
PPG Industries (NYSE:PPG) announced today that it is increasing
precipitated silica production capacity at its Lake Charles, Louisiana,
manufacturing plant by more than 10,000 tons per year in response to
growing demand.
“PPG remains committed to the precipitated silica market, and this
investment will enable us to meet growing demand for our products among
key strategic customers and target segments in the Americas,” said Anup
Jain, PPG vice president, specialty coatings and materials. Jain said
PPG would achieve the 10,000-tons-per-year capacity increase through
debottlenecking projects that are already underway and expected to come
online in the second half of 2016.
The debottlenecking projects at Lake Charles build on a
22,000-tons-per-year capacity increase that came online in mid-2014 and
phased debottlenecking projects that came online in 2012.
In February 2015, PPG announced expanded precipitated silica production
at its Delfzijl, Netherlands, plant, designed in part to meet growing
demand among global tire manufacturers for AGILON® performance silica.
Jain confirmed that the Delfzijl expansion remains on schedule to come
online in mid-2016.
In addition to these expansions, PPG is also evaluating additional
significant silica expansion projects in Europe and North America based
on growing demand.
PPG pioneered synthetic precipitated silica products, becoming one of
the first manufacturers to bring them to the marketplace in the 1930s.
Today, PPG’s silica products group is a global technology leader in the
manufacture of precipitated silica products for use as reinforcing
fillers in tire, industrial, footwear and silicone rubber applications;
as microporous fillers in battery separator applications; as flatting
and thickening agents in coating, adhesive and sealant applications; and
as anti-caking, free-flow and carrier agents in food, feed and
industrial applications. As part of PPG’s specialty coatings and
materials business, the silica products group serves customers through a
global network of manufacturing, research and technical-support
facilities. For more information about PPG silica products, visit www.ppgsilica.com.
PPG: BRINGING INNOVATION TO THE SURFACE.™
PPG Industries' vision is to be the world’s leading coatings company by
consistently delivering high-quality, innovative and sustainable
solutions that customers trust to protect and beautify their products
and surroundings. Through leadership in innovation, sustainability and
color, PPG provides added value to customers in construction, consumer
products, industrial and transportation markets and aftermarkets to
enhance more surfaces in more ways than does any other company. Founded
in 1883, PPG has global headquarters in Pittsburgh and operates in more
than 70 countries around the world. Reported net sales in 2014 were
$15.4 billion. PPG shares are traded on the New York Stock Exchange
(symbol: PPG). For more information, visit www.ppg.com
and follow @PPGIndustries
on Twitter.
Forward-Looking Statements
Statements in this news release relating to matters that are not
historical facts are forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995 reflecting the
company’s current view with respect to future events or objectives and
financial or operational performance or results. The forward-looking
statements contained herein include statements relating to the timing of
and expected benefits of the silica production capacity expansion at PPG
Industries’ Lake Charles, Louisiana, and Delfzijl, Netherlands,
manufacturing plants. Actual events may differ materially from current
expectations and are subject to a number of risks and uncertainties,
including delays related to completion of these projects; changing
economic and demand conditions; the ability of PPG Industries to achieve
the expected benefits of these production expansions; and the other
risks and uncertainties discussed in PPG Industries’ periodic reports on
Form 10-K and Form 10-Q and its current reports on Form 8-K filed with
the Securities and Exchange Commission. Forward-looking statements speak
only as of the date of their initial issuance, and PPG Industries does
not undertake any obligation to update or revise publicly any
forward-looking statement, whether as a result of new information,
future events or otherwise.
Bringing innovation to the surface is a trademark and Agilon
is a registered trademark of PPG Industries Ohio, Inc.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160107005223/en/
Source: PPG Industries
PPG Corporate Communications
Mark Silvey, +1-412-434-3046
silvey@ppg.com