WASHINGTON, D.C. 20549

                                    FORM 8-K

                           THE SECURITIES ACT OF 1934


                              PPG INDUSTRIES, INC.

Pennsylvania                      1-1687                        25-0730780
(STATE OR OTHER                 (COMMISSION                   (I.R.S. EMPLOYER
JURISDICTION                    FILE NUMBER)                 IDENTIFICATION NO.)

One PPG Place, Pittsburgh, Pennsylvania                    15272


                                 Not Applicable


                  As previously  reported in the Company's  Forms 10-K and 10-Q,
for over 30 years PPG has been a defendant in lawsuits involving claims alleging
personal  injury from  exposure to asbestos.  PPG is one of many  defendants  in
numerous  asbestos-related  lawsuits involving  approximately 116,000 claims. In
many of the cases, the plaintiffs  allege that PPG should be liable for injuries
involving  asbestos-containing  thermal  insulation  products  manufactured  and
distributed  by  Pittsburgh   Corning   Corporation   ("PC").  PPG  and  Corning
Incorporated  are each 50%  shareholders  of PC. On April 16, 2000, PC filed for
Chapter  11  bankruptcy  in  the  Federal   Bankruptcy   Court  in   Pittsburgh,
Pennsylvania (the "Bankruptcy Court"). Accordingly in the first quarter of 2000,
PPG recorded an after-tax  charge of $35 million for the write-off of all of its
equity  investment  in PC. As a  consequence  of the  bankruptcy  filing and the
various motions and orders in that proceeding,  the asbestos  litigation against
PC and PPG has been stayed, and the filing of additional  asbestos suits against
them has been enjoined,  through May 15, 2002.  During the pendency of the stay,
interested parties,  including PC and PPG, among others,  engaged in discussions
to determine  whether a settlement of asbestos  claims could be agreed on in the
context of the PC bankruptcy proceeding.

                  On May 14, 2002, PPG announced that it has agreed with several
other parties,  including certain of its insurance carriers and  representatives
of  current  and  future  asbestos  claimants,  on  the  terms  of a  settlement
arrangement  relating to asbestos claims against PPG and Pittsburgh  Corning.  A
copy of the press release announcing the settlement is included as Exhibit 99 to
this  Form  8-K  and  incorporated  by  reference  herein.  The  parties  to the
settlement  arrangement  contemplate  incorporating  the settlement terms into a
bankruptcy  reorganization  plan for PC that would be filed with the  Bankruptcy
Court.  The  settlement  contemplates  that the  Bankruptcy  Court stay would be
extended pending implementation of the settlement.

              The  settlement  would become  effective 30 days after the plan of
reorganization  is finally  approved  by an  appropriate  court order that is no
longer subject to appeal (the "Effective  Date").  Approval will require,  among
other  conditions,  a favorable vote by 75% of the asbestos  claimants voting on
the PC  reorganization  plan,  as  well  as  findings  by the  Bankruptcy  Court
regarding the fairness of the settlement,  including the protection  provided to
PPG and its  participating  insurers.  Individual  asbestos  claimants will have
standing to object to the  reorganization  plan. The whole process could take as
long as a year or more, depending on the nature and extent of any objections and

              Under the  settlement,  on the Effective Date, PPG, PC and certain
of their historical insurance carriers would fund a Trust that would provide the
sole source of payment for all current and future  asbestos bodily injury claims
against PPG,  its  subsidiaries  or PC alleged to be caused by the  manufacture,
distribution  or sale  of  asbestos  products  by  these  companies.  PPG  would
contribute the following  assets to the Trust.  First,  PPG would contribute the
stock it owns in PC and Pittsburgh Corning Europe.  Pittsburgh Corning Europe is
a Belgian corporation, half of the stock of which is


owned by PPG, with the other half owned by Corning Incorporated.  The book value
of PPG's equity investment in Pittsburgh Corning Europe is $15 million. As noted
above,  PPG has already  written off its equity  investment in PC.  Second,  PPG
would  contribute  1,388,889 shares of PPG's common stock (having a market value
of  approximately  $79  million  as of May 14,  2002).  Third,  PPG  would  make
aggregate  cash payments to the Trust of  approximately  $998  million,  payable
according to a fixed payment schedule over 21 years, beginning on June 30, 2003,
or, if later, the Effective Date of the settlement,  and continuing through June
30, 2023. PPG would have the right, in its sole discretion, to prepay these cash
payments to the Trust at any time at a discount rate of 5.5% per annum as of the
prepayment  date.  Assuming a single lump-sum  prepayment,  the current value of
PPG's cash payment  obligations would be approximately $400 million after taxes.
In addition to the  contribution  of these assets,  PPG will pay, up to a capped
amount,  any legal fees and expenses  incurred by the Trust to recover  proceeds
from certain historical  insurance assets, the rights to which would be assigned
to the Trust as described below.  When a final settlement is probable,  PPG will
record  an  after-tax  charge  against  earnings  in the  range  of $450 to $500
million,   reflecting  the  present  value  of  all  PPG's   contributions   and
contemplated payments to the Trust.

              PPG's participating historical insurance carriers would contribute
cash payments to the Trust of  approximately  $1.7 billion between the Effective
Date and 2023.  These payments could also be prepaid to the Trust at any time at
a discount rate of 5.5% per annum as of the  prepayment  date. In addition,  PPG
would  assign to the Trust its rights,  insofar as they  relate to the  asbestos
claims to be  resolved  by the Trust,  to the  proceeds  of  policies  issued by
certain insurance carriers that are not participating in the settlement and from
the estates of insolvent insurers and state insurance guaranty funds.

              PPG would grant asbestos releases to all  participating  insurers,
subject  to  a  coverage-in-place   agreement  with  certain  insurers  for  the
continuing  coverage of "premises" claims (as discussed below).  PPG would grant
certain participating insurers full policy releases on primary policies and full
product  liability  releases on excess coverage  policies.  PPG would also grant
certain  other  participating  excess  insurers  credit  against  their  product
liability coverage limits.

         If the PC plan of reorganization  incorporating the settlement terms is
approved by the Bankruptcy  Court, in connection with implementing the Trust the
Court  would  enter a  channeling  injunction  under  Section  524(g)  and other
provisions of the Bankruptcy Code, prohibiting present and future claimants from
asserting bodily injury claims against PPG or its subsidiaries or PC relating to
the  manufacture,  distribution  or sale of  such  products  by PC or PPG or its
subsidiaries.  The injunction  would also prohibit  co-defendants in those cases
from asserting  claims against PPG for  contribution,  indemnification  or other
recovery.  All such claims  would be filed with the Trust and only paid from the
assets of the Trust.  It is possible  that the  channeling  injunction  could be
challenged, but PPG believes the injunction should withstand legal challenge.

         The  channeling  injunction  would not  extend to  claims  against  PPG
alleging injury caused by asbestos on premises owned,  leased or occupied by PPG
(so called "premises claims"), or claims alleging property damage resulting from
asbestos.  Approximately 9,000 of the 116,000 claims pending against PPG and its
subsidiaries  are premises  claims.  Our historic data indicates that a majority


of our premises claims have been resolved without payment from PPG. To date, PPG
has paid  about $7  million  to  settle  approximately  1,100  premises  claims,
virtually all of which has been covered by PPG's insurers. There are no property
damage claims pending against PPG or its subsidiaries.  PPG believes that it has
adequate  insurance for the asbestos  claims not covered by this  injunction and
that any financial  exposure resulting from such claims will not have a material
effect  on PPG's  consolidated  financial  position,  liquidity  or  results  of

              If the  settlement  is not  implemented  for  any  reason  and the
Bankruptcy  Court stay expires,  the Company  intends to  vigorously  defend the
pending and any future asbestos claims against it and its subsidiaries.  Because
the stay has enjoined the filing of asbestos  claims  against the Company  since
April 2000, a significant  number of additional  claims may be filed against the
Company if the Bankruptcy  Court stay were to expire.  The Company believes that
it is not responsible  for any injuries  caused by PC products,  which represent
the preponderance of the pending bodily injury claims against it. Prior to 2000,
PPG had never been found liable for any PC-related claims. In numerous cases PPG
had been dismissed on motions prior to trial,  and in others PPG was released as
part of settlements by PC. PPG was found not responsible  for PC-related  claims
at trial in two cases  involving  a total of over  8,000  claimants.  In January
2000, one jury found PPG, for the first time, partly responsible for injuries to
five plaintiffs alleged to be caused by PC products. Should the Bankruptcy Court
stay  expire,  PPG  intends  to  appeal  that  adverse  verdict.  While  PPG has
successfully defended asbestos claims brought against it in the past, in view of
the number of  claims,  and the  questionable  verdicts  and  awards  that other
companies  have  experienced  in asbestos  litigation,  the result of any future
litigation of such claims is inherently  unpredictable.  Thus, while the outcome
of such  lawsuits and claims would not be expected to have a material  effect on
PPG's  consolidated  financial  position or  liquidity,  such  outcome  might be
material to the results of operations of the period in which the costs,  if any,
are  recognized.  In addition,  PPG believes it has adequate  insurance  for the
asbestos  personal injury and premises  claims against it and its  subsidiaries,
but would expect certain of its insurers,  as they had prior to the  settlement,
to contest  coverage with respect to some of the claims if the settlement is not

                           FORWARD-LOOKING STATEMENTS

         Statements in this Form 8-K relating to matters that are not historical
facts are forward-looking  statements reflecting the Company's current view with
respect to future events and financial performance.  These matters involve risks
and  uncertainties  that affect the  Company's  operations,  as discussed in PPG
Industries'  Reports  on Form  10-K,  Form  10-Q  and Form  8-K  filed  with the
Securities and Exchange Commission. Accordingly, many factors could cause actual
results to differ materially from the Company's forward-looking statements.

         Among  these  factors  is  the   unpredictability  of  possible  future
litigation  that could result if the settlement  described above does not become
effective.  Further, it is not possible to predict or identify all such factors.
Consequently,  while the factors


presented  here  are  representative,  they  should  not be  considered  to be a
complete  statement of all potential risks and  uncertainties.  Unlisted factors
may  present   significant   additional   obstacles   to  the   realization   of
forward-looking statements.

         Consequences of material  differences in results as compared with those
anticipated in the forward-looking statements could include, among other things,
business disruption,  operational  problems,  financial loss, legal liability to
third  parties and  similar  risks,  any of which could have a material  adverse
effect  on  the  Company's  consolidated  financial  condition,   operations  or


         (99) PPG Industries, Inc. press release dated May 14, 2002.


                  Pursuant to the requirements of the Securities Exchange Act of
1934,  the  Registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
                                              PPG INDUSTRIES, INC.

                                              /s/ W. H. Hernandez
                                              W. H. Hernandez
                                              Senior Vice President, Finance
Date:  May 14, 2002