September 9, 1999 |
More than 60 employees of PPG Industries Inc. in Torrance will lose their jobs when the company closes its automotive and industrial coatings plant in the South Bay city later this year, executives said this week. Employees at the 48-year-old facility were told of the decision in June. Executives with the Pittsburgh-based company announced the plant closure earlier this week to comply with state laws, said Fred Bose, plant operations coordinator. The exact date for the closing has not been set.
December 23, 1993 |
Enhanced Imaging Technologies Inc. has agreed to buy most of the biomedical systems division of PPG Industries Inc. The deal would increase the Orange County company's payroll nearly fivefold, quadruple its sales and could result in the shuffling of employees among facilities in Southern California and Kentucky. Enhanced Imaging has agreed to pay a total of $55 million in cash, a note and some stock in one of its subsidiaries.
August 2, 1990
A chemical maker has agreed to clean up homes and businesses contaminated with chromium waste. PPG Industries Inc. of Pittsburgh also consented to pay a $2.5-million fine and $900,000 for administrative costs. "The state is satisfied with this agreement," said John Hagerty, a spokesman for the New Jersey Department of Environmental Protection. "Certainly it will go a long way toward revitalizing Jersey City."
June 8, 1990 |
PPG Industries said its Chemicals Group will form a joint venture with a French firm to manufacture and market special contact lenses, forming a new company that will be headquartered in St. Petersburg, Fla. PPG and Essilor International of France have reached an agreement in principle to make ophthalmic-quality lenses for consumer eye wear. PPG would hold 51% of the new company, officials said. The deal is subject to approval by boards of directors of both companies.
January 8, 1990 |
Championship Auto Racing Teams, Inc., founded 12 years ago by Indy car owners who rebelled at being ruled by a 21-man United States Auto Club board of directors and what they believed was a weak president, will open its winter meeting today with a 24-man board and no president. As might be expected, the Indy car family--despite record crowds and an excellent 1989 season--is in something of a state of disarray.