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PPG to exit insulating glass sealants business


December 4, 2008
By Jeremy Neuhart

Dec. 4, 2008, Pittsburgh – PPG Industries (NYSE: PPG) announced today that it would discontinue the PRC insulating glass sealants business.

PPG Industries (NYSE: PPG) announced today that it
would discontinue the PRC insulating glass sealants business. The company cited
declining demand in the North American residential construction market as the primary
reason for this decision.
 
The company said production would cease by March 15, 2009, at its Gloucester City,
N.J., insulating glass sealants manufacturing facility, which employs approximately 29
people.
 
“These decisions are never easy, especially when they affect employees who have been
solid contributors and colleagues,” said Mark Fanelli, director of sales, performance
glazings. “However, after a careful business review, we have concluded these steps are
necessary.”
 
PRC insulating glass sealants are sold and marketed by PPG’s performance glazings
business. PRC insulating glass sealants are used in the manufacture of insulating glass
units for dual-pane windows for residential and commercial construction. Products
include polyurethane and polysulfide polymer-based sealants, silicone, polyisobutylene,
reactive hot melts and desiccant matrix.
 
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.

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