PPG to Review Strategic Alternatives for Its Silica Products Business
PPG has established one of the industry’s broadest and most trusted portfolios of precipitated silica products. n 2023, the silica products business represented between 1-2% of PPG’s total net sales. Given the business’ distinct product portfolio, customer base, and operating characteristics, PPG Chairman and CEO believes that it may be better suited to operate as a core business within another company or as a standalone entity. PPG expects to complete the review of strategic alternatives by mid-2024.
Key silica end-uses include tire, industrial, and silicone rubber applications, microporous fillers for battery separators, free-flow and carrier agents for food, animal feed, and agricultural and industrial chemicals and flatting, thickening and anti-corrosion additives for paints and coatings.