PPG announces global initiative to leverage titanium dioxide expertise
PITTSBURGH, Dec. 6, 2011 – During PPG Industries’ (NYSE:PPG) capital markets meeting yesterday with financial analysts and investors in New York, PPG Chief Technology Officer Charles F. Kahle II announced that the company has undertaken a strategic initiative with multiple global suppliers to secure and enhance PPG’s supply of titanium dioxide, as well as add to the global supply of the raw material.
“Escalating and volatile pricing for titanium dioxide has been an important issue for PPG,” Kahle said. “PPG possesses intellectual property and expertise in the production and finishing of titanium dioxide pigment, and we intend to leverage this and engage with potential partners to develop innovative supply solutions.”
According to Kahle, PPG previously manufactured chloride titanium dioxide at its Natrium, W.Va., chemicals plant. He said that PPG anticipates the initiative may include technical collaborations, joint ventures, licensing, technical assistance opportunities or other strategic commercial initiatives.
Titanium dioxide is a raw material widely used in the paint and coatings industry as pigment for its hiding, durability and whiteness characteristics.
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