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PPG and Asian Paints Expand Indian Paints Business

4:21 PM MDT | July 12, 2012 | Natasha Alperowicz

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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