Citation
(1998), "PPG to build plants in Argentina and Brazil", Pigment & Resin Technology, Vol. 27 No. 2. https://doi.org/10.1108/prt.1998.12927bab.004
Publisher
:Emerald Group Publishing Limited
Copyright © 1998, MCB UP Limited
PPG to build plants in Argentina and Brazil
PPG to build plants in Argentina and Brazil
PPG Industries has acquired Akzo Nobel Coatings International BV's remaining 20 per cent interest in a Brazilian automotive original equipment coatings company, and is establishing production facilities in Argentina and Brazil.
PPG held a 45 per cent interest in the company when it was established in 1995 and increased its share to 80 per cent in early 1997; 100 per cent of a related company in Argentina was acquired earlier this year.
Richard Zahren, PPG's vice-president of automotive coatings, said current arrangements with Akzo Nobel for contract production in Argentina and leased production facilities in Brazil will be phased out as production increases at PPG's plants.
He said an idle plant at Sumaré, Brazil, about 60 miles (100km) northwest of Saó Paulo, has been acquired, and manufacture of automotive original equipment (OEM) coatings and related products is targeted to began there by year's end.
According to Zahren, similar products will be made in a plant to be built at Pilar, Argentina, about 40 miles (60km) northwest of Buenos Aries, scheduled to begin production by the third quarter of 1998.
"These developments establish PPG, as a major supplier to automakers in the Mercosur trading region," Zahren said. "The region's auto industry is expanding at a fast pace, and we have been moving rapidly in response to its needs. PPG's ability to meet consistently its supply and service commitments to customers, wherever in the world they choose to operate, is one of our greatest competitive strengths."