Aug 26, 2011, 10.30 PM | Source: Reuters
PPG plans fiber glass JV with Indian co
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)