PPG declares force majeure on architectural, residential, specialty glass products

Date: 27 August 2008
Source: PPG Industries
PPG Industries (PPG:NYSE) announced on Aug.22, 2008 that it has declared force majeure on architectural, residential and specialty glass products as a result of torrential rains earlier in the week at its Wichita Falls, Texas, glass manufacturing facility, which flooded the plant’s basement and damaged critical process equipment.

The company is currently assessing the extent of the damage.

“We temporarily ceased operations at Wichita Falls on Tuesday,” said Mark J. Orcutt, PPG vice president, performance glazings. “As a result, it is commercially impracticable for us to meet our customers’ demands at this time. PPG is working diligently to minimize any disruptions to our customers and to bring the facility back into operation as soon as possible.”

Production was temporarily halted on both float glass lines at the Wichita Falls facility, but workers were able to restore glassmaking on one. The second line remains idle and a startup date is not known.

About PPG

Pittsburgh-based PPG is a global supplier of paints, coatings, chemicals, optical products, specialty materials, glass and fiber glass. The company has more than 150 manufacturing facilities and equity affiliates and operates in more than 60 countries. PPG shares are traded on the New York Stock Exchange (symbol: PPG). For more information, visit www.ppg.com.

 

600450 PPG declares force majeure on architectural, residential, specialty glass products glassonweb.com
Date: 27 August 2008
Source: PPG Industries

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