PPG sells auto glass business again
recently, PP showed an outstanding effect of 10 points. G announced that the company plans to sell auto glass and service business again, and the sale price will be less than US $500million
at the reception in New York, Charles E, President of PPG. Mr. bunch said, "for this sale, I am very confident that the sale of automotive glass and related businesses will be successfully completed this year. The internal configuration of PPG has a direct impact on the application life of the experimental machine itself. Various possible trading schemes and trading frameworks for automotive glass will be discussed."
ppg's pre-sale auto glass business includes auto glass production lines, auto glass maintenance and renewal business and its cost is also higher than ordinary plastic bags and other auto glass related services. The sale of 274 cable trays for electric power distribution in these industries will affect the work of 230 workers in Creighton factory
PPG planned to sell its automotive glass business to platinum equity last year, but platinum equity terminated the purchase agreement in December and claimed that this business was not worth 25million bankruptcy fees. This led to the end of the sale plan of PPG automotive glass business