PITTSBURGH—Paint, chemical and glass maker PPG Industries Inc. said Thursday that it plans to build an automotive coatings and industrial coatings plant in Russia.
PPG said it signed an investment agreement with the administration of Russia's Kaluga Region to build the plant about 43 miles southwest of Moscow.
The plant will make coatings for automotive and other industrial customers and employ about 70 people. PPG said the new plant will help it better serve the rapidly growing Russian market.
PPG shares fell 11 cents to $63.30 in midday trading.
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