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PPG INDUSTRIES, USA, have reported second quarter sales of US$2.66 billion, a record for any quarter. Sales for the second quarter of 2004 were $2.43 billion. Sales for the first half of 2005 were $5.15 billion, up from $4.69 billion for the first half of 2004. Despite improved manufacturing efficiencies, operating earnings were down $18 million as a result of inflation, including higher energy costs, lower selling prices, and lower other income. Coatings sales increased $96 million, or 7%, and chemicals sales increased $134 million, or 27%. |