PPG and Asian Paints Expand Indian Paints Business

PPG Industries announced today that it has received the necessary approvals from Indian authorities to expand its coatings joint venture and to create a second joint venture with Asian Paints (APL), India’s largest coatings company. PPG announced the plans last year. Financial terms were not disclosed.   PPG and APL will expand their current 50-50 joint venture, Asian PPG Industries (Mumbai), to serve India’s industrial liquid, marine, consumer packaging and transportation coatings customers. PPG and APL will also form a second 50-50 joint...

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