PPG Industries has posted what it says are record first quarter 2014 net sales from continuing operations of US$3.6bn, up 17% or US$528m.
First quarter 2014 reported net income from continuing operations was US$277m.
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“We achieved year-over-year global volume growth of 5%, our highest level in three years,” said PPG chairman and CEO, Charles Bunch.
“Additionally, growth rates accelerated in each region versus recent quarters, including in Europe, where our volumes grew 5% as we benefited from the early stages of that region’s economic recovery.
“PPG’s growth was also broad-based across many of our businesses, led by automotive OEM coatings and aerospace, where our performance continued to outpace strong global growth in these end-use markets.”
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