PPG Industries and Kansai Paint expand alliance in Europe to include HungaryTROY, Mich., Dec. 20, 2007 –
PPG Industries (NYSE: PPG) and Kansai Paint have expanded their alliance, known as PPG Kansai Automotive Finishes (PKAF), to include the sale of automotive coatings to Japanese-owned or operated original-equipment manufacturers (OEMs) in Hungary. The business was transferred from a previous venture between Akzo Nobel and Kansai Paint.
“Global OEMs are continuing to add capacity in Eastern Europe, as it is one of the fastest-growing regions in the automotive industry,” said Richard J. Rurak, president, PKAF. “The expansion of the alliance will enable us to better serve the needs of Japanese automotive manufacturers and parts suppliers operating in Hungary and may lead to future opportunities for collaboration in other areas of Eastern Europe.”
In operation since 2004, PKAF was formed by PPG and Kansai Paint to provide coatings to global OEMs and to assist both companies in responding quickly and effectively to the demands and requirements of the automotive industry. Additionally, the two companies develop technology jointly to benefit customers worldwide.About Kansai Paint
Kansai Paint, established in 1918 and headquartered in Osaka, Japan, is a leading paint company supplying a wide range of paints and coatings products in Japan and abroad. The company supplies automotive coatings products in Japan and Asia, including China.About PPG
Pittsburgh-based PPG is a global supplier of paints, coatings, chemicals, optical products, specialty materials, glass and fiber glass. The company employs more than 34,000 people and has 125 manufacturing facilities and equity affiliates in more than 25 countries. PPG shares are traded on the New York Stock Exchange (symbol: PPG). For more information, visit www.ppg.com
PPG Automotive Coatings
Bianchi Public Relations