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Home  > Markets & companies  > Coatings market  > PPG and Asian Paints to expand India coati...

Tuesday, 20 August 2019
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Markets & companies, Coatings market

PPG and Asian Paints to expand India coatings joint venture

Tuesday, 17 July 2012

PPG and Asia Paints add second venture to accelerate growth.

PPG and APL will expand their current 50-50 joint venture, Mumbai-based Asian PPG Industries, and also will form a second 50-50 joint venture, Asian Paints PPG Limited, in India. Source: Frank Eckgold – Fotolia.com
PPG and APL will expand their current 50-50 joint venture, Mumbai-based Asian PPG Industries, and also will form a second 50-50 joint venture, Asia...

PPG Industries announced that it has received the necessary approvals from Indian authorities to expand its coatings joint venture and also to create a second joint venture with Asian Paints Ltd. (APL).

Both coatings producers will expand their current 50-50 joint venture, Mumbai-based Asian PPG Industries, to now serve India’s industrial liquid, marine, consumer packaging and transportation coatings customers. Both companies also will form a second 50-50 joint venture, Asian Paints PPG Limited, to serve protective, industrial powder, industrial container and light industrial coatings customers.

"The expansion of PPG’s more than 15-year successful relationship with Asian Paints will position both companies for accelerated growth in non-decorative coatings to take advantage of the long-term growth of the Indian economy,” said Mike Horton, president, PPG Asia Pacific, and vice president, automotive refinish and architectural coatings, Asia Pacific.

PPG will have effective management control of Asian PPG Industries, and APL will have effective management control of Asian Paints PPG Limited to best utilize the companies’ respective strengths for capturing the growth in Indian markets, including infrastructure development, Horton said.

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