PPG announces marketing partnership with Sinoma Science & TechnologyPITTSBURGH, April 2, 2007 –
Agreement covers distribution of high-strength fiber glass in Americas, Europe
PPG Industries announced it has signed a distribution agreement with Sinoma Science & Technology Co., Ltd., of Nanjing for the marketing and sale of their HS2 and HS4 high-strength, high-modulus fibers in the Americas and Europe.
The partnership leverages the North American and European market positions of PPG, one of the world’s largest producers of continuous-strand glass fiber, and Sinoma Science & Technology’s fiber composition and manufacturing expertise in support of the high-performance composites market, according to Victoria M. Holt, PPG senior vice president, glass and fiber glass.
“This partnership will give PPG entrée into the growing high-performance composites market,” Holt said. “PPG is very committed to serving customers in this market, and adding HS4 high-strength fiber to our product offering will bring our customers the high-modulus, high-performance parts they need.”
Zhu Jianxun, vice chairman of the board, Sinoma Science & Technology, said, ”Through this close cooperation between Sinoma Science & Technogy and PPG, the HS2 and HS4 fiber glass internationalization process will be accelerated, improving the brand position. This cooperation will also provide the best possible composite solutions for customers in all markets worldwide.”
In the Asia/Pacific region, PPG and Sinoma Jinjing Fiber Glass Co. Ltd. operate a 50-50 joint venture, PPG Sinoma Jinjing Fiber Glass Co. Ltd., in Zibo, Shandong, China, serving the global thermosets market. Also, PPG and Nan Ya Plastics Corp. have operated joint ventures PFG Fiber Glass Corp. in Chia Yi, Taiwan, since 1991, and PFG Fiber Glass (Kunshan) Co. Ltd. in Kunshan, China, since 2003, serving the Asian markets for fiber glass electronic and specialty materials yarns and reinforcements.About Sinoma Science & Technology
Sinoma Science & Technology integrates research, design, manufacturing, sales, complete technology and equipment supply for the specialty fiber composites industry in China. It has combined resources of the original three institutes in China’s building materials industry – Nanjing Fiberglass Research & Design Institute, Beijing FRP Research & Design Institute and Suzhou Nonmetal Mineral Industry Design & Research Institute – and is traded on the Chinese stock market (symbol: 002080). For more information, visit http://www.sinomatech.com
Pittsburgh-based PPG is a global supplier of paints, coatings, chemicals, optical products, specialty materials, glass and fiber glass. The company employs more than 30,000 people and has 125 manufacturing facilities and equity affiliates in more than 20 countries. Sales in 2006 were $11 billion. PPG shares are traded on the New York and Philadelphia stock exchanges (symbol: PPG). For more information, visit www.ppg.com