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Indian coatings jv expanded

US-headquartered performance coatings supplier PPG Industries and India’s largest coatings company Asian Paints (APL) have received the go signal from Indian authorities to expand their coatings joint venture.

PPG and APL will expand their current 50-50 joint venture, Mumbai-based Asian PPG Industries, to now serve India’s industrial liquid, marine, consumer packaging and transportation coatings customers. PPG and APL also will form a second 50-50 joint venture, Asian Paints PPG, to serve protective, industrial powder, industrial container and light industrial coatings customers.

The said expansion will accelerate both companies’ growth in non-decorative coatings to take advantage of the long-term growth of the Indian economy.