PPG Expects Decision On Two Units By End-Summer

Reuters reported that PPG Industries Research expects to announce the planned sale or a partnership link-up of its fine chemicals and glass businesses by the end of the summer, CEO Charles Bunch said on Friday.

"We hope to make some progress in the coming months," Bunch told Reuters in an interview.

The company would consider linking up with a partner, including a private equity firm, in a joint venture, but only with PPG holding a minority stake, he said.

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600450 PPG Expects Decision On Two Units By End-Summer glassonweb.com
Date: 22 May 2007
Source: Reuters

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