PPG Industries Completes $15.5M Investment At Its R&T Center
Zacks Investment Research | Dec 16, 2019 08:50PM ET
PPG Industries Inc. (NYSE:PPG) recently announced the completion of a $15.5-million investment at its aerospace research and technology (R&T) center in Burbank, CA.
The new facility comprises improved laboratory and testing space with climate-control capabilities, an open floor plan with dedicated areas to foster collaboration as well as updated tools to improve the company’s resources for the development of aerospace coatings and sealants.
Currently, the facility accommodates more than 90 staff in various R&T, customer support, manufacturing, associated service and administrative positions.
Per management, improvement in its R&T capabilities is expected to deliver new and creative products as well as services to customers across regional, military, commercial and general aviation. Moreover, PPG Industries’ foothold as a reliable and creative partner to its aerospace customers globally will strengthen owing to upgrades to the 39,524-square-foot Burbank facility.
Shares of PPG Industries have gained 30.2% year to date against the Original post
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