PITTSBURGH--(BUSINESS WIRE)--Dec. 15, 2015--
PPG Industries (NYSE:PPG) today announced it has begun using
chloride-grade titanium dioxide (TiO2) produced in commercial quantities
by Henan Billions Chemicals Co., Ltd., including PPG’s licensed
chloride-based technology. PPG is using the TiO2 to produce standard
grades of its coatings products.
The 366,000-square-meter plant that produced the chloride-grade TiO2 is
located in the Henan Province of China and currently has capacity to
produce 100,000 metric tons of chloride-grade TiO2 per year with the
capability to expand. Under an agreement established in 2012, PPG
licensed certain chloride-based technologies for the manufacture of TiO2
to Henan Billions for use on a global basis. PPG has supported the
startup of Henan Billions’ new chloride process plant with quality and
process improvements, analytical testing support and product
evaluations. PPG also may license its technology to other TiO2 producers.
TiO2 is an important raw material widely used by PPG and other paint and
coatings manufacturers as a pigment to provide hiding, durability and
whiteness characteristics.
“Our partnership with Henan Billions exemplifies PPG’s commitment to
securing high-quality supplies of titanium dioxide required to support
our business growth,” said Michael H. McGarry, PPG president and CEO.
“This latest accomplishment with our strategic partner Henan Billions is
a milestone in our relationship.”
About Henan Billions Chemicals Co., Ltd.
China-based Henan Billions Chemicals Co., Ltd., produces and sells
titanium dioxide and zirconium. The company is located in Jiaozuo City,
Henan Province, and had 2014 sales of about $350 million. Its shares are
traded on the Shenzhen stock exchange.
PPG: BRINGING INNOVATION TO THE SURFACE.™
PPG Industries' vision is to be the world’s leading coatings company by
consistently delivering high-quality, innovative and sustainable
solutions that customers trust to protect and beautify their products
and surroundings. Through leadership in innovation, sustainability and
color, PPG provides added value to customers in construction, consumer
products, industrial and transportation markets and aftermarkets to
enhance more surfaces in more ways than does any other company. Founded
in 1883, PPG has global headquarters in Pittsburgh and operates in more
than 70 countries around the world. Reported net sales in 2014 were
$15.4 billion. PPG shares are traded on the New York Stock Exchange
(symbol: PPG). For more information, visit www.ppg.com
and follow @PPGIndustries
on Twitter.
Bringing innovation to the surface is a trademark and the PPG
Logo is a registered trademark of PPG Industries Ohio, Inc.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151215006507/en/
Source: PPG Industries
Media:
PPG Corporate Communications
Mark Silvey,
+1-412-434-3046
silvey@ppg.com
or
Investors:
PPG
Investor Relations
Scott Minder, +1-412-434-3466
sminder@ppg.com