PaintSquare.com


The First Word in Protective & Marine Coatings

A Product of Technology Publishing / PaintSquare
JPCL | PaintSquare News | Durability + Design | Paint BidTracker

Paint and Coatings Industry News

Main News Page


Asian PPG to Add Protective Coatings

Monday, January 24, 2011

Comment | More

PPG Industries and Asian Paints Ltd. will expand their transportation coatings joint venture and launch a new protective coatings JV in India, the companies have announced.

Viktor Sekmakas

Asian Paints is India’s largest coatings company. The companies say they will restructure their current 50-50 JV, Mumbai-based Asian PPG Industries (APPG), and create a second 50-50 joint venture.

APPG currently serves Indian transportation coatings markets. The new agreement will expand the company’s scope to India’s industrial liquid, marine and consumer packaging markets. The new second venture will serve the protective, industrial powder, industrial containers and light industrial coatings markets.

Accelerating Coatings Growth

“Consistent with PPG’s strategy to accelerate growth in coatings and emerging regions, this expanded relationship with APL will enable PPG to take full advantage of the rapidly developing Indian economy,” said Viktor Sekmakas, senior vice president, industrial coatings, and president, PPG Asia/Pacific.

Added Mike Horton, vice president, coatings, PPG Asia/Pacific: “Through this new approach, we will leverage PPG’s global scale, technology and customer relationships with Asian Paints’ Indian customer base, manufacturing footprint, distribution channels and local relationships.”

PPG will lead APPG, and APL will lead the new venture “to best utilize the companies’ respective strengths to capture the growth in Indian markets, including infrastructure development,” the companies said.
 
The restructuring is subject to Indian regulatory approvals and is expected to be completed this year. Financial terms were not disclosed.

Pittsburgh-based PPG (www.ppg.com) serves customers in industrial, transportation, consumer products, and construction markets and aftermarkets in more than 60 countries. Sales in 2010 were $13.4 billion.

   

Tagged categories: Asian Paints; Coatings manufacturers; Marine Coatings; Partnerships; PPG; Protective coatings

Comment Join the Conversation:

Sign in to our community to add your comments.

Wasser High-Tech Coatings Inc.
Wasser Coatings Protect

some of the most important bridges in the country; learn about our NEPCOAT-approved system and our entire range of MCU & Polyurea coatings. 1-800-627-2968 www.wassercoatings.com


International Paint LLC

International Paint Engineered Coatings

Learn about our solutions for:
  • Structural Steel
  • Piping & Equipment
  • Storage Tanks
  • Pressure Vessels
  • Secondary Containment


    Minerals Research & Recovery

    HIGH PERFORMANCE ABRASIVES


    “Made in the USA!”

    Why recycle waste from other countries? Go FASTER, CLEANER, at 1/3 THE COST with MR&R “All-American” Sharpshot®HP!!

    WATCH THE VIDEO


    ITW Binks
    Built for Tough Jobs

    From Epoxies to Urethanes to other high solid coatings, the new Binks Airless 75 delivers a great finish using an ergonomic design. Visit binks.com for more information.


    Hempel (USA) Inc.
    HEMPEL PROTECTIVE COATINGS

    Efficient systems and high quality products to reduce your maintenance costs. Visit Hempel Protective for more information.


    DRYCO
    DEHUMIDIFICATION FOR
    ANY SIZE PROJECT!

    Temporary climate control equipment. Dehumidifiers,
    Heaters, A/C, Power, More…
    Toll Free: 866-379-2600


    Axxiom Manufacturing
    Schmidt Improves
    Portable Blasters

    Schmidt's VBS System reduces blowdown intensity, prevents exhaust from damaging floor while using no screens or filters. Reduces sound; Increasing safety.
    Call 1-800-231-2085

  •  
     
     
    Technology Publishing

    The Technology Publishing Network

    The Journal of Protective Coatings & Linings (JPCL) PaintSquare
    Durability + Design Paint BidTracker JPCL Europe

     
    EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
    REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
    MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us
     

    © Copyright 2000-2014, Technology Publishing / PaintSquare, All rights reserved
    2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail webmaster@paintsquare.com