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PPG to invest $380 million to build new U.S. manufacturing facility in Shelby, N.C. for aerospace coatings and sealants

1. PPG is investing $380 million in a new manufacturing facility in Shelby, NC. 2. The facility will focus on aerospace coatings and sealants, boosting PPG's production capacity.

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Why Bullish?

This substantial investment indicates PPG's growth strategy. In previous expansions, PPG's stock typically gained after announcing new facilities.

How important is it?

The investment reflects strong confidence in market demand for aerospace coatings, which could significantly elevate PPG’s market position.

Why Long Term?

The facility will enhance production capabilities over several years, positively impacting revenue streams.

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PITTSBURGH--(BUSINESS WIRE)--PPG to invest $380 million to build new U.S. manufacturing facility in Shelby, N.C. for aerospace coatings and sealants.

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