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PPG and Asian Paints Receive Approval to Expand India Coatings Joint Venture

Business Wire
Thursday, 12 July 2012

PPG and Asian Paints Receive Approval to Expand India Coatings Joint VenturePITTSBURGH--(BUSINESS WIRE)--PPG Industries (NYSE:PPG) announced today 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), India’s largest coatings company. Financial terms were not disclosed. PPG and APL 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 c
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