PPG to Sell Mt. Zion Plant to FuyaoJuly 18th, 2014 by DWM Magazine
PPG Industries announced today that it will sell all the assets of its Mt. Zion, Ill. glass manufacturing facility to automotive glass manufacturer Fuyao Glass America Inc.
According to PPG, the sale is expected to close in the third quarter of 2014.
PPG will continue to operate the plant for up to one year, producing Sungate coated glass and clear glass. The Mt. Zion facility currently manufactures glass for use in residential and commercial construction markets. The production for these products will eventually be shifted to PPG’s other North American float glass manufacturing sites, according to the company.
“Glass coatings technology remains the engine of our growth and we plan to make incremental technology investments in our facilities to improve our current capacity for better-performing, low-e glass and to expand our overall technical capabilities for newer, more advanced products,” says Richard Beuke, PPG vice president of flat glass.
The Mt. Zion facility was built in 1959 and converted for float glass production in 1978. Fuyao plans to rebuild and retrofit the facility’s two production lines to manufacture automotive glass.
“Fuyao has been PPG’s business partner for 13 years and is a well-respected glass manufacturer and fabricator,” says Beuke. “We look forward to an ongoing collaborative relationship with Fuyao in North America as a PPG technology licensee. The Mt. Zion facility is ideally suited for their automotive glass mission, given its geographic proximity to major automotive manufacturers and history in automotive glass production.”