PPG REPORTS 4Q SALES

摘要

PPG's performance coatings segment sales in the fourth quarter increased 183 million,or 22%,as a result of increased sales from the 2007 Renner and Barloworld acquisitions,the positive impact of stronger foreign currencies,improved sales volumes and increased selling prices.Sales volumes increased by 15% in the aerospace business and four percent in the automotive refinish business.In the architectural business,sales volumes were essentially flat.Segment earnings grew by 9 million due to solid volume growth partially offset by higher overhead costs,including selling and general administrative (SGA) costs tied to growth initiatives.