What Happened
Aerospace Transparencies Business Sees Significant Growth
PPG Industries has announced a $70 million investment to expand its aerospace transparencies operations in Huntsville, Alabama. The expansion includes leasing and developing a new facility to accommodate production support functions, which will free up additional manufacturing space at the existing site. This investment is part of a series of multi-year projects aimed at supporting the long-term growth of PPG’s aerospace transparencies business. According to Zacks Investment Research, PPG’s shares have gained 7.1% in the past year, outperforming the industry’s 3% rise.