PPG Industries completed the sale of substantially all the assets of its Mount Zion, Ill., 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, according to information from PPG.
The Mount Zion facility was built in 1959 and converted for float glass production in 1978.
The agreement for Fuyao to acquire the plant was announced in July.
