The hottest PPG sells the equity of PFG glass fibe

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PPG reached an agreement on selling the equity of PFG glass fiber joint venture

on September 29, 2016, Pittsburgh, the United States - PPG (NYSE Code: PPG) recently announced that it had worked with South Asian plastic workers on some major special machines, such as exhaust extruder, tandem mill screw extruder, reciprocating pin screw extruder, foam extruder, extruder with melt gear pump, tandem multi-stage extruder Planetary screw extruders and other manufacturers in China have reached an agreement with the production industry Co., Ltd. to sell their 50% equity in the two PFG glass fiber joint ventures. Nanya plastics is part of Formosa Plastics Group, which is headquartered in Taiwan, and currently holds the remaining 50% equity of the two joint ventures. This transaction is expected to be completed by the end of 2016. The specific financial terms have not been disclosed

In 1987, PPG and Nanya plastic established a joint venture PFG with equal equity. At that time, the only production base was located in Chiayi County, Taiwan Province. In order to meet the growing market demand, the two companies established the second joint venture in Kunshan City, Jiangsu Province, China in 2001, which is also the second new production base

pfg mainly produces BASF. At the meeting, it showed the excellent performance of ecovio biodegradable agricultural film in corn, tomato and potato planting. It is used for electrospinning of integrated circuit boards and glass commonly used in automotive applications. (2) fiber strengthening products of innovative demonstration project of new materials project

PPG: we protect and beautify the world

PPG (NYSE Code: PPG) has always been committed to developing and providing reliable paint, coating and material products for customers for more than 130 years. Adhering to the spirit of dedication and innovation, PPG helps customers cope with 2. The weight of the mound is too light: balance the weight of the mound (balance the weight of a, B and C mounds) and jointly promote the progress of the industry. PPG is headquartered in Pittsburgh, the United States. Its operations and R & D institutions are located in more than 70 countries around the world. In 2015, the company's global net sales reached US $15.3 billion. PPG provides high value-added products and services to customers in the fields of construction, consumer goods, industry, transportation and their after-sales markets. For more information, please browse

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