PPG Industries has completed the sale of substantially all the assets of its Mount Zion, Illinois, glass manufacturing facility to automotive glass manufacturer Fuyao Glass America Inc. Financial terms were not disclosed.
Fuyao plans to rebuild and retrofit the facility's two production lines to manufacture automotive glass. PPG will continue to operate the plant for up to one year, producing SUNGATE® coated glass and clear glass.
The sale of the Mount Zion facility is consistent with the strategic initiative by PPG's flat glass business to focus on its higher-technology, coated glass capabilities for residential and commercial construction applications.
PPG's flat glass business manufactures high-performing coated glass, tinted and clear float glass primarily for the residential and commercial segments of the construction industry, as well as other specialty glass markets. The Mount Zion facility was built in 1959 and converted for float glass production in 1978.
