WUHU, China--(BUSINESS WIRE)--PPG (NYSE:PPG) today marked the completion of a new $19 million high-performance waterborne and high-solids coatings production line at its Wuhu facility in Anhui province, China. The new line enhances the production and service capabilities of PPG’s automotive coatings business for customers in China.
With the implementation in China of stricter environmental regulations, automakers have increased the use of low-volatile organic compound (low-VOC) coatings. The new line at PPG’s Wuhu plant adds production for environmentally-friendly waterborne coatings to meet this need as well as the growing overall demand by automotive manufacturers and parts makers across China. The new topcoat manufacturing facility adds process advancements and a higher degree of automation. In addition, storage tanks added to the facility help reduce waste at the Wuhu plant.
“PPG’s high-performance waterborne and high-solids automotive coatings enable our customers in China to meet environmental requirements while improving the quality of their vehicles,” said Vincent Robin, PPG vice president, automotive coatings, Asia Pacific. “With this added manufacturing capability in Wuhu, we significantly enhance our ability to serve our automotive customers across China.”
PPG established its Wuhu plant in 2008, to grow its manufacturing footprint in China and supply automakers across the country.
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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 PPG Industries’ 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 demand growth for PPG Industries’ automotive coatings and the timing of and expected benefits of the Wuhu, China, plant expansion. Actual events may differ materially from current expectations and are subject to a number of risks and uncertainties, including the ability of PPG Industries to achieve the expected benefits of the expansion, 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.
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