During PPG Industries' (NYSE:PPG) capital markets meeting yesterday with
financial analysts and investors in New York, PPG Chief Technology
Officer Charles F. Kahle II announced that the company has undertaken a
strategic initiative with multiple global suppliers to secure and
enhance PPG's supply of titanium dioxide, as well as add to the global
supply of the raw material.
"Escalating and volatile pricing for titanium dioxide has been an
important issue for PPG," Kahle said. "PPG possesses intellectual
property and expertise in the production and finishing of titanium
dioxide pigment, and we intend to leverage this and engage with
potential partners to develop innovative supply solutions."
According to Kahle, PPG previously manufactured chloride titanium
dioxide at its Natrium, W.Va., chemicals plant. He said that PPG
anticipates the initiative may include technical collaborations, joint
ventures, licensing, technical assistance opportunities or other
strategic commercial initiatives.
Titanium dioxide is a raw material widely used in the paint and coatings
industry as pigment for its hiding, durability and whiteness
characteristics.
PPG: BRINGING INNOVATION TO THE SURFACE.(TM)
PPG Industries' vision is to continue to be the world's leading coatings
and specialty products company. Through leadership in innovation,
sustainability and color, PPG helps customers in industrial,
transportation, consumer products, and construction markets and
aftermarkets to enhance more surfaces in more ways than does any other
company. Founded in 1883, PPG has global headquarters in Pittsburgh and
operates in more than 60 countries around the world. Sales in 2010 were
$13.4 billion. PPG shares are traded on the New York Stock Exchange
(symbol:PPG). For more information, visit www.ppg.com.
Bringing innovation to the surface is a trademark of PPG
Industries Ohio, Inc.
