PPG completes sale of Asian fibre glass JV
Published: Friday, 18 November 2016
PPG has completed the divestment of its 50%-owned PFG Fiber Glass company to its JV partner Nan Ya Plastics for approximately $170m as the company continues the restructuring to streamline its business, marking a move away from glass and a focus on chemicals and paints.
US-based paints and glass manufacturer PPG has completed the
sale of its 50% ownership interest in its two PFG Fiber Glass
joint ventures to fellow owner Nan Ya Plastics Corp. for around
The PFG JV was established between PPG and Nan...