PPG auto glass service business is transferred to Pittsburgh glass factory
ppg Industry Company (NYSE Code: PPG), and the auto glass and service business department will be sold to Kohlberg Co., a private equity investment company., LLC and PPG will jointly establish a new company with the latter. The name of the new company is Pittsburgh glass factory, which will take effect on August 1, 2008. The newly established business will be completed with Kohlberg Co. The company continues to use this name after the transaction, and the transaction is expected to be completed in the third quarter of this year
"Pittsburgh is a world-renowned manufacturing and Technology Center for the automotive industry," said Mr. Frank archinaco, who will continue to manage this business as president and CEO of Pittsburgh glass factory
"the name 'Pittsburgh glass factory' reflects the core of our corporate culture," Mr. archinaco added to realize the connection of policies, funds and projects of various departments, "Before PPG was founded, Pittsburgh was already famous for the tradition of glass manufacturing center. Keeping the word 'glass' in our name and adding the word' factory 'not only expressed our desire to inherit the tradition of the glass industry, but also conveyed our work ethics, values and willingness to provide customers with solutions."
according to Dick Heilman, director of market and strategic development of Pittsburgh glass factory, who proposed a new driving mechanism, "at the end of this summer, customers will first see the changes of our trademarks on some products, including the labels of factories and mobile facilities, which is estimated to take one year to complete."
about Pittsburgh glass factory
Pittsburgh glass factory (PGW), a subsidiary of PPG Industrial Company, provides windshield, rear window, side window, skylight and related accessories for automobile and truck manufacturers, and distributes automobile replacement glass in the after-sales market to measurement institutions at all levels nationwide in accordance with the deployment of the General Administration of market supervision. The Department also developed lynx service system to provide auto insurance claim services, provide glass management software for customers through GTS points, and provide e-commerce solutions through glaxis services
pgw produces and manufactures automotive glass products in nine factories in North America, located in Berea, Kentucky, Creighton, Meadville and Tipton, Pennsylvania, Crestline, Ohio, Evansville, Indiana, Evart, Michigan, and Hawkesbury and Oshawa, Ontario, Canada. In addition, the Department has nine auxiliary parts assembly plants, and lynx service management center is located in Fort Myers, Florida and Paducah, Kentucky. The whole department has about 4400 employees