PPG opens new China headquarters in Shanghai to facilitate future growth
SHANGHAI, June 8, 2011 – PPG Industries (NYSE:PPG) announced today that it has taken another step to continue its record of growth in the Asia/Pacific region by creating PPG Management (Shanghai) Co., Ltd. The new company, located in Shanghai, opened June 1 and will act as business headquarters for PPG in China.
“China continues to experience rapid growth, and PPG’s new country headquarters in Shanghai will help facilitate our business growth through the consolidation of China business and functional leaders together in the new location,” said Viktor Sekmakas, PPG senior vice president, Industrial Coatings, and president, PPG Asia/Pacific. “The Asia/Pacific region is critical for PPG’s global growth plans. In fact, sales in Asia/Pacific exceeded $2 billion in 2010 and continue to account for a greater share of PPG’s total sales.”
PPG was one of few global chemical companies that first invested in China in the 1980s, according to Sekmakas. Today, PPG operates 14 manufacturing plants and two research and development centers throughout China. The company produces and sells a wide range of products in China such as paints and coatings, glass, fiber glass, optical products, and aerospace materials.
PPG Industries’ vision is to continue to be the world’s leading coatings and specialty products company. Founded in 1883, the company serves customers in industrial, transportation, consumer products, and construction markets and aftermarkets. With headquarters in Pittsburgh, PPG operates in more than 60 countries around the globe. Sales in 2010 were $13.4 billion. PPG shares are traded on the New York Stock Exchange (symbol: PPG). For more information, visit www.ppg.com.
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