Fuyao Glass Industry to acquire PPG Industries' Mt. Zion facility  [ China ]

Fuyao Glass Industry Group Co., Ltd. announced that Fuyao Automotive North America and PPG Industries of the U.S. have reached an agreement under which Fuyao will acquire assets of PPG’s Mt. Zion glass manufacturing facility in Illinois, U.S.A. In accordance with the agreement, Fuyao will pay USD 56 million to purchase the plant's two float glass production lines, land, building, and othe...