9 Apr 2007
PPG announces marketing partnership with Sinoma Science & Technology Co., Ltd.
Agreement covers distribution of high-strength fiber glass in North America, Europe
PITTSBURGH, April 9, 2007 – PPG Industries announced it has signed a distribution agreement with Sinoma Science & Technology of Nanjing for the marketing and sale of their HS2 & HS4 high-strength, high-modulus fibers in the Americas and Europe.
The partnership leverages the North American and European market positions of PPG, one of the world’s largest producers of continuous-strand glass fiber, and Sinoma Science & Technology’s fiber composition and manufacturing expertise in support of the high-performance composites market, according to Victoria M. Holt, PPG senior vice president, glass and fiber glass.
“This partnership will give PPG entrée into the growing high-performance composites market,” Holt said. “PPG is very committed to serving customers in this market, and adding HS4 High Strength Fiber to our product offering will bring our customers the high-modulus, high-performance parts they need.”
ZHU Jianxun, Vice-chairman of board of Sinoma Science & Technology said” Through this close cooperation between Sinoma Science & Technogy and PPG, HS2 and HS4 fiberglass internationalization process will be accelerated and the brand position will be raised. Also this cooperation will provide best possible composite solutions for customers in all markets worldwide.”
In the Asia/Pacific region, PPG and Sinoma Jinjing Fiber Glass Co. Ltd. operate a 50-50 joint venture, PPG Sinoma Jinjing Fiber Glass Co. Ltd., in Zibo, Shandong, China, serving the global thermosets market. Also, PPG and Nan Ya Plastics Corp. have operated joint ventures PFG Fiber Glass Corp. in Chia Yi, Taiwan, since 1991, and PFG Fiber Glass (Kunshan) Co. Ltd. in Kunshan, China, since 2003, serving the Asian markets for fiber glass electronic and specialty materials yarns and reinforcements.
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Notes for editors
About Sinoma Science & Technology Company, Ltd
Sinoma Science & Technology Co., Ltd is one of the public companies in Chinese stock market (symbol: 002080) and is the largest new and high-tech enterprise integrating research, design, product manufacture and sale, complete technology and equipment supply in the specialty fiber composites industry in China. Having inherited all superior resources of the original three well-known institutes in China’s building materials industry ( Nanjing Fiberglass Research & Design Institute, Beijing FRP Research & Design Institute and Suzhou Nonmetal Mineral Industry Design & Research Institute ). For more information, visit www.sinomatech.com.
About PPG
Pittsburgh-based PPG is a global supplier of paints, coatings, chemicals, optical products, specialty materials, glass and fiber glass. The company employs more than 30,000 people and has 125 manufacturing facilities and equity affiliates in more than 20 countries. Sales in 2006 were $11 billion. PPG shares are traded on the New York and Philadelphia stock exchanges (symbol: PPG). For more information, visit www.ppg.com.