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PPG Industries to Invest $300 Million to Boost North American Manufacturing Capacity
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PPG Industries to Invest $300 Million to Boost North American Manufacturing Capacity
May 21, 2024 7:11 AM

09:54 AM EDT, 05/21/2024 (MT Newswires) -- PPG Industries ( PPG ) said Tuesday that it will invest $300 million over the next four years to boost its manufacturing capacity in North America in response to increased demand for automotive paints and coatings.

As part of the investment, the company said it will build a 250,000-square-foot paint and coatings manufacturing plant in Loudon County, Tennessee, which will be PPG's first new manufacturing plant built in the US in more than 15 years. When fully operational, the facility is expected to produce more than 11 million gallons of paint and coatings a year.

PPG said it will also use the investment to expand activities at existing facilities in Cleveland, Ohio, and San Juan Del Rio, Mexico.

Price: 133.67, Change: -0.10, Percent Change: -0.07

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