NetComposites

Connecting you to the composites industry

Advertisement

PPG Ends Indy Racing Sponsorship

  • Friday, 2nd February 2001
  • 0 comments
  • Reading time: less than a minute

PPG Industries has declined to renew its sponsorship contracts with Indianapolis Motor Speedway for the 2001 season. PPG has sponsored pole and contingency awards for the Indianapolis 500 race, as well as the winner’s trophy for the speedway’s Brickyard 400 stock car race. The decision to discontinue Indianapolis Motor Speedway participation was driven by changing business objectives and customer requirements, according to Richard Zahren, vice president of automotive coatings. “PPG management concluded that in today’s challenging business environment, our greatest priorities are focused on product and service requirements of our customers, and assuring our resources are directed to those priorities,” he said. “Our racing programs certainly met their objectives, and we are proud of our part of the exciting tradition of Indianapolis Motor Speedway since the mid-1970s,” Zahren added. “But circumstances and objectives change, as does PPG’s business portfolio. We have significantly greater involvement today in aerospace, industrial and packaging coatings in addition to automotive coatings and glass. The combination of changing objectives and customer needs require redirection of resources.” Pittsburgh-based PPG is a leading producer of coatings, flat and fabricated glass, fiber glass and chemicals, with manufacturing operations in 23 countries. Its 2000 sales were $8.4 billion.


For more information visit:


Share this article


More News


Comments (0)

Sign in or create an account to join in the discussion.

Leave your comment

Advertisement

Upcoming Events

Advertisement

Advertisement

Advertisement

Follow us
Subscribe to our email newsletter

Subscribe to receive our weekly round-up of all the industry's latest news, jobs, events and more!

We'll always keep your personal details secure and will never share them with third parties for marketing purposes. You can unsubscribe at any time. For further details on how we may use your data, please visit our Privacy Policy.