NOTIFICATION: The Technology Channels will soon be discontinued.
Click here to download complimentary copies of Fastmarkets RISI’s pulp and paper newsletters.

PPG Industries

AMSTERDAM, The Netherlands , June 1, 2017 (Press Release) -AkzoNobel notes the recent announcement from PPG that it has withdrawn its proposal and will not pursue an offer for AkzoNobel.

Ton Büchner, AkzoNobel CEO, said:

"We continue to focus on our business, pursuing our strategy of accelerating sustainable growth and profitability and creating two focused, high-performing businesses - Paints and Coatings and Specialty Chemicals. We believe this will lead to a step change in growth and long-term value creation for our shareholders and all other stakeholders.

"Our talented teams around the world continue to develop, produce and deliver the most innovative and sustainable products and services for our customers, and I would like to thank all colleagues for their ongoing commitment. We reiterate our commitment to maintain an open and constructive dialog with our shareholders and all other stakeholders."

About AkzoNobel

AkzoNobel creates everyday essentials to make people's lives more liveable and inspiring. As a leading global paints and coatings company and a major producer of specialty chemicals, we supply essential ingredients, essential protection and essential color to industries and consumers worldwide. Backed by a pioneering heritage, our innovative products and sustainable technologies are designed to meet the growing demands of our fast-changing planet, while making life easier. Headquartered in Amsterdam, the Netherlands, we have approximately 46,000 people in around 80 countries, while our portfolio includes well-known brands such as Dulux, Sikkens, International, Interpon and Eka. Consistently ranked as a leader in sustainability, we are dedicated to energizing cities and communities while creating a protected, colorful world where life is improved by what we do. AkzoNobel had total revenues of €14.2 billion in 2016: Specialty Chemicals - €4.8 billion, Decorative Paints - €3.8 billion, Performance Coatings - €5.7 billion.

AkzoNobel reaffirms its commitment to accelerate growth and strengthen profitability

Posted in: Chemicals 06/01/2017 - 06:28

AMSTERDAM, The Netherlands , June 1, 2017 (Press Release) -AkzoNobel notes the recent announcement from PPG that it has withdrawn its proposal and will not pursue an offer for AkzoNobel.

Ton Büchner, AkzoNobel CEO, said:

"We continue to focus on our business, pursuing our strategy of accelerating sustainable growth and profitability and creating two focused, high-performing businesses - Paints and Coatings and Specialty Chemicals. We believe this will lead to a step change in growth and long-term value creation for our shareholders and all other stakeholders.

"Our talented teams around the world continue to develop, produce and deliver the most innovative and sustainable products and services for our customers, and I would like to thank all colleagues for their ongoing commitment. We reiterate our commitment to maintain an open and constructive dialog with our shareholders and all other stakeholders."

About AkzoNobel

AkzoNobel creates everyday essentials to make people's lives more liveable and inspiring. As a leading global paints and coatings company and a major producer of specialty chemicals, we supply essential ingredients, essential protection and essential color to industries and consumers worldwide. Backed by a pioneering heritage, our innovative products and sustainable technologies are designed to meet the growing demands of our fast-changing planet, while making life easier. Headquartered in Amsterdam, the Netherlands, we have approximately 46,000 people in around 80 countries, while our portfolio includes well-known brands such as Dulux, Sikkens, International, Interpon and Eka. Consistently ranked as a leader in sustainability, we are dedicated to energizing cities and communities while creating a protected, colorful world where life is improved by what we do. AkzoNobel had total revenues of €14.2 billion in 2016: Specialty Chemicals - €4.8 billion, Decorative Paints - €3.8 billion, Performance Coatings - €5.7 billion.

LUXEMBOURG, Jan. 7, 2015 (Press Release) -Flint Group a global packaging and print media consumables supplier, has today announced details of its new Advisory Board which will oversee and support the work of its Executive Management Team following its recent change of ownership.

Pierre-Marie De Leener, currently Chairman of the Braas Monier Building Group and a Director of Trinseo has joined Flint Group and will lead the new Advisory Board as Chairman and successor to Charles Knott. Pierre-Marie, a Belgium National has substantial board level experience at both private equity and public companies having previously worked for PPG Industries and SigmaKalon in the coatings, specialty materials and glass sector.

Also joining the Board as Executive Director is David W. Scheible, who is currently Chairman and CEO of Graphic Packaging, a US public company manufacturing and marketing folding cartons for food, beverage and consumer applications around the world. David a U.S. national was also VP and General Manager for Avery Dennison's Specialty Tape and Automotive division having previously worked for BF Goodrich.

Antoine Fady, CEO Flint Group and Steve Dryden, CFO Flint Group will also join shareholder representatives to complete the Board membership.

Commenting on the announcement, Antoine Fady, CEO Flint Group, said, "This Board will provide Flint Group with strong industry and financial capability and experience, which together with our new shareholders full support, puts us in a great position to deliver our strategy."

Flint Group

Flint Group is dedicated to serving the global printing and packaging industry. The company develops, manufactures and markets an extensive portfolio of printing consumables, including: a vast range of conventional and energy curable inks and coatings for most offset, flexographic and gravure applications; pressroom chemicals, printing blankets and sleeves for offset printing; photopolymer printing plates and sleeves, plate-making equipment and flexographic sleeve systems; pigments and additives for use in inks and other colourant applications. With a strong customer focus, unmatched service and support, and superior products, Flint Group strives to provide exceptional value, consistent quality and continuous innovation to customers around the world. Headquartered in Luxembourg, Flint Group employs some 6600 people. Revenues for 2013 were € 2.2 billion (US $2.9 billion). On a worldwide basis, the company is the number one or number two supplier in every major market segment it serves.

Flint Group announces new advisory board

Posted in: Packaging Technology 01/08/2015 - 18:45

LUXEMBOURG, Jan. 7, 2015 (Press Release) -Flint Group a global packaging and print media consumables supplier, has today announced details of its new Advisory Board which will oversee and support the work of its Executive Management Team following its recent change of ownership.

Pierre-Marie De Leener, currently Chairman of the Braas Monier Building Group and a Director of Trinseo has joined Flint Group and will lead the new Advisory Board as Chairman and successor to Charles Knott. Pierre-Marie, a Belgium National has substantial board level experience at both private equity and public companies having previously worked for PPG Industries and SigmaKalon in the coatings, specialty materials and glass sector.

Also joining the Board as Executive Director is David W. Scheible, who is currently Chairman and CEO of Graphic Packaging, a US public company manufacturing and marketing folding cartons for food, beverage and consumer applications around the world. David a U.S. national was also VP and General Manager for Avery Dennison's Specialty Tape and Automotive division having previously worked for BF Goodrich.

Antoine Fady, CEO Flint Group and Steve Dryden, CFO Flint Group will also join shareholder representatives to complete the Board membership.

Commenting on the announcement, Antoine Fady, CEO Flint Group, said, "This Board will provide Flint Group with strong industry and financial capability and experience, which together with our new shareholders full support, puts us in a great position to deliver our strategy."

Flint Group

Flint Group is dedicated to serving the global printing and packaging industry. The company develops, manufactures and markets an extensive portfolio of printing consumables, including: a vast range of conventional and energy curable inks and coatings for most offset, flexographic and gravure applications; pressroom chemicals, printing blankets and sleeves for offset printing; photopolymer printing plates and sleeves, plate-making equipment and flexographic sleeve systems; pigments and additives for use in inks and other colourant applications. With a strong customer focus, unmatched service and support, and superior products, Flint Group strives to provide exceptional value, consistent quality and continuous innovation to customers around the world. Headquartered in Luxembourg, Flint Group employs some 6600 people. Revenues for 2013 were € 2.2 billion (US $2.9 billion). On a worldwide basis, the company is the number one or number two supplier in every major market segment it serves.

PITTSBURGH, Dec. 27, 2012 (Business Wire) -PPG Industries (PPG) today announced that it has declared force majeure for vinyl chloride monomer manufactured at the company's Lake Charles, La., chemicals complex and for all grades of liquid caustic soda on a systemwide basis. The company did not provide an end date for the force majeure.

This force majeure is a direct result of a Dec. 24 fire at the Lake Charles chemicals complex. The fire affected the vinyl chloride monomer unit and did not result in any off-site environmental impact. One employee was transferred to the hospital and is currently being treated.

"The plant emergency response team did an excellent job extinguishing the fire quickly, however we must declare force majeure as a result of the damage and shutdown of the vinyl chloride monomer unit and reduced chlor-alkali operating rates," said Michael H. McGarry, PPG executive vice president. "We realize this impacts our customers, and we are working to repair the unit as quickly as possible."

The company added that the expense stemming from the equipment damage and lost sales volume will likely impact PPG's Commodity Chemicals segment earnings by $5 million to $8 million in the fourth quarter 2012, and an incremental $2 million to $5 million in 2013 based on current information.

PPG: BRINGING INNOVATION TO THE SURFACE.

PPG Industries' vision is to continue to be the world's leading coatings and specialty products company. Through leadership in innovation, sustainability and color, PPG helps customers in industrial, transportation, consumer products, and construction 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 60 countries around the world. Sales in 2011 were $14.9 billion. PPG shares are traded on the New York Stock Exchange (PPG).

PPG declares force majeure for vinyl chloride monomer and liquid caustic soda due to Dec. 24 fire at chemicals complex

Posted in: Chemicals 12/27/2012 - 00:52

PITTSBURGH, Dec. 27, 2012 (Business Wire) -PPG Industries (PPG) today announced that it has declared force majeure for vinyl chloride monomer manufactured at the company's Lake Charles, La., chemicals complex and for all grades of liquid caustic soda on a systemwide basis. The company did not provide an end date for the force majeure.

This force majeure is a direct result of a Dec. 24 fire at the Lake Charles chemicals complex. The fire affected the vinyl chloride monomer unit and did not result in any off-site environmental impact. One employee was transferred to the hospital and is currently being treated.

"The plant emergency response team did an excellent job extinguishing the fire quickly, however we must declare force majeure as a result of the damage and shutdown of the vinyl chloride monomer unit and reduced chlor-alkali operating rates," said Michael H. McGarry, PPG executive vice president. "We realize this impacts our customers, and we are working to repair the unit as quickly as possible."

The company added that the expense stemming from the equipment damage and lost sales volume will likely impact PPG's Commodity Chemicals segment earnings by $5 million to $8 million in the fourth quarter 2012, and an incremental $2 million to $5 million in 2013 based on current information.

PPG: BRINGING INNOVATION TO THE SURFACE.

PPG Industries' vision is to continue to be the world's leading coatings and specialty products company. Through leadership in innovation, sustainability and color, PPG helps customers in industrial, transportation, consumer products, and construction 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 60 countries around the world. Sales in 2011 were $14.9 billion. PPG shares are traded on the New York Stock Exchange (PPG).

PITTSBURGH, Dec. 21, 2012 (Business Wire) -PPG Industries today announced that it has received a favorable private letter ruling from the U.S. Internal Revenue Service regarding the previously announced separation of its commodity chemicals business and subsequent merger of a newly formed company owning the commodity chemicals business ("Splitco") with a subsidiary of Georgia Gulf Corporation. The receipt of the ruling is a closing condition of the transaction with Georgia Gulf and an important milestone in the completion of the transaction. As a result, PPG now intends to commence its exchange offer to split off its commodity chemicals business in the near term with the closing of the exchange offer and merger expected to occur in late January 2013. The terms of the exchange offer will be released upon commencement of the offer.

On July 19, 2012, PPG announced that it would form a new company by separating its commodity chemicals business through a spinoff or split-off, and then immediately merging the business with Georgia Gulf or a Georgia Gulf subsidiary in a Reverse Morris Trust transaction. Immediately following the merger, Splitco shareholders will own approximately 50.5 percent of Georgia Gulf, with existing Georgia Gulf shareholders owning approximately 49.5 percent of Georgia Gulf.

PPG: BRINGING INNOVATION TO THE SURFACE.(TM)

PPG Industries' vision is to continue to be the world's leading coatings and specialty products company. Through leadership in innovation, sustainability and color, PPG helps customers in industrial, transportation, consumer products, and construction 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 60 countries around the world. Sales in 2011 were $14.9 billion. PPG shares are traded on the New York Stock Exchange (symbol:PPG). For more information, visit www.ppg.com.

PPG receives favorable IRS private letter ruling on planned separation of its commodity chemicals business

Posted in: Chemicals 12/24/2012 - 01:29

PITTSBURGH, Dec. 21, 2012 (Business Wire) -PPG Industries today announced that it has received a favorable private letter ruling from the U.S. Internal Revenue Service regarding the previously announced separation of its commodity chemicals business and subsequent merger of a newly formed company owning the commodity chemicals business ("Splitco") with a subsidiary of Georgia Gulf Corporation. The receipt of the ruling is a closing condition of the transaction with Georgia Gulf and an important milestone in the completion of the transaction. As a result, PPG now intends to commence its exchange offer to split off its commodity chemicals business in the near term with the closing of the exchange offer and merger expected to occur in late January 2013. The terms of the exchange offer will be released upon commencement of the offer.

On July 19, 2012, PPG announced that it would form a new company by separating its commodity chemicals business through a spinoff or split-off, and then immediately merging the business with Georgia Gulf or a Georgia Gulf subsidiary in a Reverse Morris Trust transaction. Immediately following the merger, Splitco shareholders will own approximately 50.5 percent of Georgia Gulf, with existing Georgia Gulf shareholders owning approximately 49.5 percent of Georgia Gulf.

PPG: BRINGING INNOVATION TO THE SURFACE.(TM)

PPG Industries' vision is to continue to be the world's leading coatings and specialty products company. Through leadership in innovation, sustainability and color, PPG helps customers in industrial, transportation, consumer products, and construction 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 60 countries around the world. Sales in 2011 were $14.9 billion. PPG shares are traded on the New York Stock Exchange (symbol:PPG). For more information, visit www.ppg.com.

PITTSBURGH, PA, Dec. 7, 2012 (Business Wire) -PPG Industries (PPG) announced that its chlor-alkali complex in Lake Charles, La., experienced a production outage stemming from a major generator transformer failure, which resulted in an electrical disruption and subsequent shutdown of the entire plant. The incident occurred Nov. 28 and did not result in any chemicals releases or injuries to plant personnel but did lead to a multiday production stoppage.

"Plant personnel reacted quickly and appropriately," said Michael H. McGarry, PPG executive vice president. "Due to their efforts, we were able to avert a longer plant outage."

The company indicated that following an orderly start-up, the plant resumed partial operations Nov. 30. However, power generation continues to be impacted by damaged electrical equipment.

"Due to the electrical damage, we are still not generating sufficient power internally, so we have begun to purchase power externally. We have commenced repairs to our electrical system and expect completion to take 4 to 6 weeks," McGarry said. "We are now running at operating rates sufficient to meet current customer demand, and we expect to be able to continue to meet demand throughout the repair period."

McGarry added that the lost sales volume and expense associated with the plant stoppage, transitory external power purchases and equipment repairs will likely impact PPG's fourth quarter Commodity Chemical segment earnings by $4 million to $8 million.

PPG: BRINGING INNOVATION TO THE SURFACE.(TM)

PPG Industries' vision is to continue to be the world's leading coatings and specialty products company. Through leadership in innovation, sustainability and color, PPG helps customers in industrial, transportation, consumer products, and construction 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 60 countries around the world. Sales in 2011 were $14.9 billion. PPG shares are traded on the New York Stock Exchange (PPG). For more information, visit www.ppg.com.

Bringing innovation to the surface is a trademark of PPG Industries Ohio, Inc.

PPG Lake Charles, LA, chlor-alkali complex experiences unplanned outage, is partially operating

Posted in: Chemicals 12/07/2012 - 03:56

PITTSBURGH, PA, Dec. 7, 2012 (Business Wire) -PPG Industries (PPG) announced that its chlor-alkali complex in Lake Charles, La., experienced a production outage stemming from a major generator transformer failure, which resulted in an electrical disruption and subsequent shutdown of the entire plant. The incident occurred Nov. 28 and did not result in any chemicals releases or injuries to plant personnel but did lead to a multiday production stoppage.

"Plant personnel reacted quickly and appropriately," said Michael H. McGarry, PPG executive vice president. "Due to their efforts, we were able to avert a longer plant outage."

The company indicated that following an orderly start-up, the plant resumed partial operations Nov. 30. However, power generation continues to be impacted by damaged electrical equipment.

"Due to the electrical damage, we are still not generating sufficient power internally, so we have begun to purchase power externally. We have commenced repairs to our electrical system and expect completion to take 4 to 6 weeks," McGarry said. "We are now running at operating rates sufficient to meet current customer demand, and we expect to be able to continue to meet demand throughout the repair period."

McGarry added that the lost sales volume and expense associated with the plant stoppage, transitory external power purchases and equipment repairs will likely impact PPG's fourth quarter Commodity Chemical segment earnings by $4 million to $8 million.

PPG: BRINGING INNOVATION TO THE SURFACE.(TM)

PPG Industries' vision is to continue to be the world's leading coatings and specialty products company. Through leadership in innovation, sustainability and color, PPG helps customers in industrial, transportation, consumer products, and construction 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 60 countries around the world. Sales in 2011 were $14.9 billion. PPG shares are traded on the New York Stock Exchange (PPG). For more information, visit www.ppg.com.

Bringing innovation to the surface is a trademark of PPG Industries Ohio, Inc.

PITTSBURGH, PA, Dec. 6, 2011 (Business Wire) -During PPG Industries' capital markets meeting yesterday with financial analysts and investors in New York, PPG Chief Technology Officer Charles F. Kahle II announced that the company has undertaken a strategic initiative with multiple global suppliers to secure and enhance PPG's supply of titanium dioxide, as well as add to the global supply of the raw material.

"Escalating and volatile pricing for titanium dioxide has been an important issue for PPG," Kahle said. "PPG possesses intellectual property and expertise in the production and finishing of titanium dioxide pigment, and we intend to leverage this and engage with potential partners to develop innovative supply solutions."

According to Kahle, PPG previously manufactured chloride titanium dioxide at its Natrium, W.Va., chemicals plant. He said that PPG anticipates the initiative may include technical collaborations, joint ventures, licensing, technical assistance opportunities or other strategic commercial initiatives.

Titanium dioxide is a raw material widely used in the paint and coatings industry as pigment for its hiding, durability and whiteness characteristics.

PPG: BRINGING INNOVATION TO THE SURFACE

PPG Industries' vision is to continue to be the world's leading coatings and specialty products company. Through leadership in innovation, sustainability and color, PPG helps customers in industrial, transportation, consumer products, and construction 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 60 countries around the world. Sales in 2010 were $13.4 billion. PPG shares are traded on the New York Stock Exchange (symbol:PPG).

PPG technology officer says company to begin global initiative to leverage titanium dioxide expertise

Posted in: Chemicals 12/06/2011 - 05:45

PITTSBURGH, PA, Dec. 6, 2011 (Business Wire) -During PPG Industries' capital markets meeting yesterday with financial analysts and investors in New York, PPG Chief Technology Officer Charles F. Kahle II announced that the company has undertaken a strategic initiative with multiple global suppliers to secure and enhance PPG's supply of titanium dioxide, as well as add to the global supply of the raw material.

"Escalating and volatile pricing for titanium dioxide has been an important issue for PPG," Kahle said. "PPG possesses intellectual property and expertise in the production and finishing of titanium dioxide pigment, and we intend to leverage this and engage with potential partners to develop innovative supply solutions."

According to Kahle, PPG previously manufactured chloride titanium dioxide at its Natrium, W.Va., chemicals plant. He said that PPG anticipates the initiative may include technical collaborations, joint ventures, licensing, technical assistance opportunities or other strategic commercial initiatives.

Titanium dioxide is a raw material widely used in the paint and coatings industry as pigment for its hiding, durability and whiteness characteristics.

PPG: BRINGING INNOVATION TO THE SURFACE

PPG Industries' vision is to continue to be the world's leading coatings and specialty products company. Through leadership in innovation, sustainability and color, PPG helps customers in industrial, transportation, consumer products, and construction 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 60 countries around the world. Sales in 2010 were $13.4 billion. PPG shares are traded on the New York Stock Exchange (symbol:PPG).

PITTSBURGH, PA, Nov. 28, 2011 (Business Wire) -PPG Industries today announced that it would increase prices for all grades of off-schedule liquid caustic soda in the United States by USD$45 per short ton, anhydrous basis, and in Canada by CAN$50 per metric ton, anhydrous basis, not to exceed list prices. The price increase is effective immediately, or as permissible by contract.

"Global chlor-alkali operating rates continue to decline, as well as global operating rates for polyvinyl chloride (PVC) and other chlorine derivatives."

"This price increase is necessitated due to continued reduction in chlorine demand, driven by typical seasonal weakness and further, more recent, reductions in chlorine pricing for export opportunities along with efforts by many customers to manage inventories of chlorinated derivative finished goods," said Michael H. McGarry, PPG senior vice president, Commodity Chemicals. "Global chlor-alkali operating rates continue to decline, as well as global operating rates for polyvinyl chloride (PVC) and other chlorine derivatives."

McGarry said that the effective U.S. chlor-alkali operating rate for October was 78 percent of capacity, down from 87 percent in August, and that rates in Europe experienced similar declines, dropping from 83 percent in July to 74 percent of capacity in October. PVC operating rates across Asia and in Europe have declined significantly in the past 45 days, he said. PPG's North American chlor-alkali operating rates have declined from 91 percent in September to a percentage around the mid to upper 70s currently.

PPG: BRINGING INNOVATION TO THE SURFACE.(TM)

PPG Industries' vision is to continue to be the world's leading coatings and specialty products company. Through leadership in innovation, sustainability and color, PPG helps customers in industrial, transportation, consumer products, and construction 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 60 countries around the world. Sales in 2010 were $13.4 billion. PPG shares are traded on the New York Stock Exchange (symbol:PPG). For more information, visit www.ppg.com.

PPG sets caustic soda price increases in US, Canada on lower chlor-alkali operating rates over past 45 days

Posted in: Chemicals 11/30/2011 - 05:32

PITTSBURGH, PA, Nov. 28, 2011 (Business Wire) -PPG Industries today announced that it would increase prices for all grades of off-schedule liquid caustic soda in the United States by USD$45 per short ton, anhydrous basis, and in Canada by CAN$50 per metric ton, anhydrous basis, not to exceed list prices. The price increase is effective immediately, or as permissible by contract.

"Global chlor-alkali operating rates continue to decline, as well as global operating rates for polyvinyl chloride (PVC) and other chlorine derivatives."

"This price increase is necessitated due to continued reduction in chlorine demand, driven by typical seasonal weakness and further, more recent, reductions in chlorine pricing for export opportunities along with efforts by many customers to manage inventories of chlorinated derivative finished goods," said Michael H. McGarry, PPG senior vice president, Commodity Chemicals. "Global chlor-alkali operating rates continue to decline, as well as global operating rates for polyvinyl chloride (PVC) and other chlorine derivatives."

McGarry said that the effective U.S. chlor-alkali operating rate for October was 78 percent of capacity, down from 87 percent in August, and that rates in Europe experienced similar declines, dropping from 83 percent in July to 74 percent of capacity in October. PVC operating rates across Asia and in Europe have declined significantly in the past 45 days, he said. PPG's North American chlor-alkali operating rates have declined from 91 percent in September to a percentage around the mid to upper 70s currently.

PPG: BRINGING INNOVATION TO THE SURFACE.(TM)

PPG Industries' vision is to continue to be the world's leading coatings and specialty products company. Through leadership in innovation, sustainability and color, PPG helps customers in industrial, transportation, consumer products, and construction 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 60 countries around the world. Sales in 2010 were $13.4 billion. PPG shares are traded on the New York Stock Exchange (symbol:PPG). For more information, visit www.ppg.com.

SAN FRANCISCO, April 20, 2011 (RISI) -PPG Industries has informed customers it has declared force majeure on North American caustic soda deliveries due to a problem at a US plant,Bloombergreported Wednesday.

The company is the fourth largest caustic soda producer, used in the pulping process and other industries.

A PPG chlor-alkali plant in West Virginia has had a mechanical problem, a company spokesman toldBloomberg, and will be down for a short period.

Georgia Gulf declared force majeure last week on shipments of polyvinyl chloride due to operating problems at a chlor-alkali plant in Louisiana,Bloombergadded.

PPG declares force majeure on caustic soda in North America due to plant problems

Posted in: Chemicals 04/20/2011 - 12:59

SAN FRANCISCO, April 20, 2011 (RISI) -PPG Industries has informed customers it has declared force majeure on North American caustic soda deliveries due to a problem at a US plant,Bloombergreported Wednesday.

The company is the fourth largest caustic soda producer, used in the pulping process and other industries.

A PPG chlor-alkali plant in West Virginia has had a mechanical problem, a company spokesman toldBloomberg, and will be down for a short period.

Georgia Gulf declared force majeure last week on shipments of polyvinyl chloride due to operating problems at a chlor-alkali plant in Louisiana,Bloombergadded.

Search form

PPG Industries