Asian Paints Extends PPG Partnership By Five Years

Asian Paints Ltd. has extended its joint venture partnership with US-based PPG Group for another five years through its subsidiary Asian Paints PPG Pvt. Ltd.

The company said it continues to hold a 50% stake in the venture, which was formed in 1997. The extension will enable both partners to keep manufacturing industrial coatings and automotive paints.

The renewal will also help serve customers in sectors such as industrial, marine, packaging, automotive, and power, Asian Paints said in a press release.