PPG Expands Production Capacity In Mexico & Texas Plants

PPG Industries, Inc. PPG plans to invest $11 million to double the production capacity of its powder coatings plant in San Juan del Rio, Mexico.
The expansion project is expected to be completed by mid-2023 and will allow the plant to meet the expected future demand for powder coatings in Mexico.
"With this investment, the plant will have new, state-of-the-art manufacturing technology, enhancing production practices and process flow," said Guillermo Peña, PPG director, Industrial Coatings, Mexico.
Additionally, Temple Economic Development Corporation (Temple EDC) stated that PPG plans to invest $9 million to expand an existing product line at its Temple, Texas facility, pending final negotiations with Temple EDC, the City of Temple, and Bell County.
The project includes expanding PPG's adhesives and sealants line, which will create 12 jobs.
Price Action: PPG shares are trading higher by 0.52% at $127.89 on the last check Tuesday.