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For further details see our joint press release.
PPG Industries and Sinoma Jinjing Fiber Glass Co. Ltd. are to launch a 50-50 joint venture, PPG Sinoma Jinjing Fiber Glass Co. Ltd., to serve the global thermosets market.
Products will be manufactured at the existing Sinoma Jinjing Fiber Glass plant in Zibo, Shandong, China, for the filament-wound epoxy pipe, wind energy, construction, marine, transportation and corrosion end-use markets.
“Expanding PPG’s thermosets manufacturing into Asia through this joint venture demonstrates our commitment to both the global fibre glass industry and the thermosets segment, as well as to the region and China specifically,” said Victoria M. Holt, PPG senior vice president, glass and fibre glass. “It will serve the growing Asian market and provide a high-quality supply for specific global customers and product lines.”
The operation has annual capacity of 60,000 metric tons with two furnaces.
Todd White, PPG general manager, fibre glass general industrial products, said, “PPG Sinoma Jinjing Fiber Glass will position PPG as a global supplier of high-quality roving, direct draw, chopped strand mat and fabric products to both a regional and global customer base. This joint venture will enable us to grow our thermoset business by establishing a competitive manufacturing facility in this key region.”
PPG said that the thermosets production in Zibo will complement PPG’s existing regional joint ventures for fibre glass electronic and specialty materials yarns and reinforcements with Nan Ya Plastics Corp. PPG and Nan Ya have operated PFG Fiber Glass Corp. in Chia Yi, Taiwan, since 1991, and PFG Fiber Glass (Kunshan) Co. Ltd. in Kunshan, China, since 2003. The Kunshan site is adding a second 38,000-metric ton furnace scheduled for start-up in 2006 to serve the growing Asian markets for electronic yarn and thermoplastic chopped strand.
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