PPG Completes $10 Million Coatings Center In Tianjin, China

Zacks Investment Research | Jun 16, 2016 07:07AM ET

PPG Industries (NYSE:PPG) celebrated the completion of its $10 million coatings center at its facility in Tianjin, China. The center is aimed at serving automotive plastics and decorative accessories’ customers in the region. It is the company’s first Chinese facility catering to consumers in this part of the automotive supply chain. The facility currently provides OEM coatings as well as industrial coatings to customers in the Asia Pacific region.

The center brings PPG Industries’ technological expertise and innovation for the producers of automotive decorative parts, providing enhanced color consistency and reduced lead times. The company will be able to help customers gain competitive advantage by improving yield rates on painting lines as well as lowering the cost of painting plastic parts. The target customer base includes Tier 1 and Tier 2 suppliers, along with auto manufacturers.

PPG Industries is optimistic about the Chinese auto market. The sector is expected to continue growing at a fast pace, proving beneficial for the company. The construction of the new center in China is aimed at further strengthening PPG Industries’ presence in the country. The company first established a coatings plant in the nation at the Tianjin site in 1994 which has now become its largest coatings production base in the world.

Earlier in the year, PPG Industries announced the completion of its $20 million on-site electrocoat coatings blending center at its resin manufacturing facility in Zhangjiagang, China. This enabled the company to cater to the growing demand from automotive manufacturing and industrial customers seeking environmentally friendly coatings like waterborne e-coat products which abide by the Chinese environmental norms.

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Written By: Zacks Investment Research

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