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PPG invests USD13 million into its paint and coatings facility and R&D center in China

May 18/2021

MOSCOW (MRC) -- PPG has announced the completion of a USD13 million investment (approximately RMB 84 million) in its Jiading, China paint and coatings facility, including eight new powder coating production lines and an expanded Powder Coatings Technology Center that will further enhance PPGs research and development capabilities, according to Wallstret:online.

The new production lines will produce premium quality general industrial powder coatings, wheel hub coatings, heavy-duty machinery coatings and other high-performance coatings.

The expansion will increase the plants capacity by more than 8,000 metric tons per year.

We are developing coatings that not only meet but exceed the sustainability goals of both PPG and our customers, said Vincent Robin, PPG president, Asia Pacific and vice president, automotive coatings, Asia Pacific. In addition to increasing our powder coatings capacity through this recent investment, we are also enhancing our powder coatings R&D in China in an effort to meet the growing demand for innovative and sustainable products.

The Powder Coatings Technology Center spans more than 2,000 square meters (21,500 square feet) and features a laboratory with state-of-the-art equipment that will support the development and testing of various coatings formulas and provide technical support for customers across the Asia Pacific region. The facilitys scientists and researchers develop a broad range of coatings for various applications, including automotive, building materials, construction machinery, industrial applications, 5G and consumer electronics.

As MRC informed earlier, in February 2020, PPG completed its acquisition of Industria Chimica Reggiana (ICR, Reggio Emilia, Italy), a maker of automotive refinish products. Financial terms of the deal, including purchase price, were not disclosed. The deal was announced on 8 January. ICR was founded in 1961 and employs about 180 people. ICR manufactures automotive refinish products, including putties, primers, basecoats and clear coats. It also makes a range of coatings, enamels and primers for light commercial vehicles and other light industrial coatings applications. ICR employs about 180 people and sells its products in more than 70 countries in Europe, Africa, the Middle East, the US and Latin America.

We remind that Russia's output of chemical products rose in February 2021 by 5.3% year on year. Thus, production of basic chemicals increased year on year by 7.5% in the first two months of 2021, according to Rosstat's data. Last month's production of polymers in primary form in Russia was 861,000 tonnes versus 196,000 tonnes in January. Overall output of polymers in primary form totalled 1,770,000 tonnes over the stated period, up by 8.4%  year on year.

Tikkurila was established in 1862, and is headquartered in Vantaa, Finland. Tikkurila operates in eleven countries and its 2,700 dedicated professionals share the joy of building a vivid future through surfaces that make a difference. The company is a leading producer and distributor of decorative paint and coatings with more than 80% of its revenue coming from Finland, Sweden, Russia, Poland, and the Baltic states. Its premium brands include Tikkurila, ALCRO, and Beckers. In addition, Tikkurilas industrial paint business participates in the wood and protective coatings end-use segments, among others. The company employs approximately 2,700 people globally and reported sales of approximately EUR 582 million in 2020.


mrcplast.com
Author:Margaret Volkova
Tags:coatings, car components, paints and coatings, PPG, Italy, China, Russia.
Category:General News
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