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4th October 2016, Pittsburgh, PA

PPG divests glass interests

PPG, headquartered in Pittsburgh, Pennsylvania, is divesting its 50% ownership interests in its two PFG Fiber Glass (PFG) joint ventures to Nan Ya Plastics, which currently controls the other 50% of the two operations.

Nan Ya is affiliated with Taiwan-based Formosa Plastics Group. The transaction is expected to close by the end of 2016 and financial terms were not disclosed.

PFG supplies glass reinforced composites for automotive applications. © PPG

PFG supplies electronic glass yarns used in integrated electronic circuit boards as well as glass reinforced composites for automotive applications.

It was formed as an equally-held joint venture between PPG and Nan Ya in 1987, with a single production facility in Chia Yi, Taiwan. To meet growing demand, a second joint venture was formed to add a production facility in Kunshan, China in 2001.


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