PPG fiber glass joint venture starts fourth furnace in Kunshan, China
SHANGHAI, Nov. 20, 2012 – PPG Industries (NYSE:PPG) announced today that PFG Fiber Glass (Kunshan) Co., Ltd. – its joint venture in Kunshan, China, with Nan Ya Plastics Corp. (TAIEX:Nan Ya) – started a fourth furnace. With 38,000 metric tons of annual capacity, the additional furnace will serve the expanding Asian electronics industries.
“This furnace features innovative, state-of-the-art technology,” said Terry Fry, PPG general manager of global electronics and the company’s regional fiber glass business. “The technological advancements of its manufacturing operation enable us to maximize process efficiency while saving energy and reducing emissions.”
Mr. C.F. Lee, general manager of PFG Fiber Glass (Kunshan) Co., Ltd., said, “The printed circuit board industry continues to grow in Asia. Nan Ya built a vertically integrated production campus in Kunshan that included resin, copper foil, glass fabrics, copper-clad laminates and printed circuit boards. With this expansion, we will continue to support the demands of our business at this location as well as the larger electronics industry.”
“Through our collaboration with Nan Ya, we have enabled PFG Fiber Glass (Kunshan) Co. Ltd. to maintain its position as the leader in the manufacture of fiber glass yarns for the electronics industry,” said Tom Kerr, PPG vice president for fiber glass. “We remain committed to our partners in Asia and to supporting the global fiber glass industry, its markets and its customers.”
PFG Fiber Glass (Kunshan) Co. Ltd. was founded in 2001 as an evenly-held joint venture of PPG Industries and Nan Ya Plastics Corp. With four furnaces, annual capacity of the operation in Kunshan is 144,000 metric tons of electronic-grade glass yarn and reinforcement-grade glass fiber. The companies also jointly own PFG Fiber Glass Corp. in Taiwan, which has three furnaces with approximate production capacity of 90,000 metric tons of mostly electronic-grade glass yarn.
About Nan Ya Plastics
Nan Ya Plastics Corp. is part of the Formosa Plastics Group, one of the largest publicly owned industrial corporations in Taiwan.
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