Aug 26, 2011, 10.30 PM IST | Source: Reuters

PPG plans fiber glass JV with Indian co

PPG plans fiber glass JV with Indian co

REUTERS - Paint maker PPG Industries said it plans to manufacture and sell fiber glass products with India's Harsha Exito Engineering Pvt Ltd, to cater primarly to strong demand for fibre glass in India.

Fibre glass is a polymer used in boats, automobiles, water tanks, roofing, pipes, etc.

Pittsburgh-based PPG, which has manufacturing facilities and affiliates in more than 60 countries, did not disclose financial information about the joint venture.

Harsha Exito, which is part of Harsha Group of Cos, is an engineering and manufacturing firm.

PPG shares closed at $71.08 on Thursday on the New York Stock Exchange.

(Reporting by Vaishnavi Bala in Bangalore)

ADS BY GOOGLE

Buy & sell politicians on Power Play
- the political stock exchange

Price Update

Arvind Kejriwal

1695.71 -35.05 -2.03%

54071

Bought today

83300

Sold today

0.62%

User holding

video of the day

Add cyclicals, banks on positive poll outcome: UBS

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.