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PPG plans fiber glass JV with Harsha Exito

PPG plans fiber glass JV with Harsha Exito
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First Published: Fri, Aug 26 2011. 08 55 PM IST
Updated: Fri, Aug 26 2011. 08 55 PM IST
Bangalore: Paint maker PPG Industries said it plans to manufacture and sell fiber glass products with India’s Harsha Exito Engineering Pvt Ltd, to cater primarily 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.
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First Published: Fri, Aug 26 2011. 08 55 PM IST