The hottest PPG will expand the scale of Indian jo

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PPG will expand the scale of Indian joint venture to accelerate the growth of coating business

depending on how many circles it has broken, the company will readjust its existing partnership and establish a second joint venture

on February 10, 2011, Pittsburgh, USA - PPG industries (NYSE: PPG) announced today that it plans to further expand its 14-year partnership with Asia coatings Limited (APL), India's largest coating manufacturer, So as to promote the development of the non decorative coating business of the two companies in the Indian market. As part of the new agreement, PPG and Asia paint Co., Ltd. will restructure their existing non decorative paint business to expand their joint venture with a 50:50 share ratio - Asia PPG Industries Corporation (appg) in Mumbai, and establish a second joint venture with a 50:50 share ratio. The structural adjustment is subject to the approval of Indian regulators and is expected to be completed in 2011. The specific financial terms have not been disclosed

at present, Asia PPG industries serves the transportation coating market in India. The agreement will expand the scope of the company's services to cover the Indian market for industrial liquid coatings, marine coatings and consumer packaging coatings. The second new joint venture will serve the market of protective coatings, industrial powder coatings, industrial containers and light industrial coatings to adapt to the future development trend of the industry

"the plan to expand the cooperative relationship with Asia paint Co., Ltd. is completely consistent with PPG's strategy to accelerate the growth of emerging markets and paint business. Taking this opportunity, PPG can make full use of the great advantages brought by the rapidly developing Indian economy." Viktorsekmakas, senior vice president of PPG industrial coatings and President of Asia Pacific region, said

Mikehorton, vice president of Asia Pacific Coatings of PPG industries, added: "this new approach enables us to promote the longer-term development of PPG's global scale, technology and customer relations with the help of Asia coatings' Indian customer base, production base, distribution channels and local relationships."

PPG and Asia paint Co., Ltd. reached a consensus: PPG Industry Co., Ltd. will lead Asia PPG Industry Co., Ltd., and Asia paint Co., Ltd. will lead a new joint venture, so as to give full play to the respective advantages of the two companies to grasp the growth opportunities brought by Indian markets such as infrastructure construction

we are the most professional about PPG to the experimental machine:

the goal of PPG Industrial Company is to continue to maintain its position as the world's leading supplier of coatings and special products. Since its establishment in 1883, the company has provided services to customers in many fields such as transportation, consumer goods, construction and their after-sales markets when the mechanical properties of industrial and transportation plastic materials under pressure are basically the same as those under tension when the stress is less than the yield limit. PPG industries, headquartered in Pittsburgh, USA, has production bases and subsidiaries in more than 60 countries around the world. In 2010, the company's global sales reached 13.4 billion US dollars. PPG is listed on the New York Stock Exchange (Stock Code: PPG). For more information, please browse or

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