TIANJIN, China, Aug. 29, 2018 – PPG (NYSE:PPG) today announced it has acquired land in Tianjin, China where it plans to build a new, state-of-the-art paint and coatings research and development (R&D) center. Plans for the facility, which will be located in the Tianjin Economical and Technological Development Area (TEDA) and is scheduled to be completed in 2021, are currently being finalized.
The new facility will be part of the company’s efforts to continue to strengthen its R&D footprint to better serve customers in China, across the Asia-Pacific region and globally, and will service all of PPG’s strategic business units.
“PPG continues to enhance its research and development capabilities to ensure consistent, ongoing innovation and service to customers,” said David Bem, PPG vice president, science and technology and chief technology officer. “The new Tianjin R&D center will best position the company to leverage scale, promote collaboration and continue enhancing our capabilities.”
PPG: WE PROTECT AND BEAUTIFY THE WORLD™
At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and materials that our customers have trusted for 135 years. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 70 countries and reported net sales of $14.7 billion in 2017. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.
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Tianjin local government officials and PPG executives attended the signing ceremony. From left: Cathy Yan, PPG general manager, corporate and government affairs, Asia Pacific, Daniel Connor, PPG technical director, Asia Pacific, Vincent Robin, PPG vice president, automotive OEM coatings, Asia Pacific, Mike Horton, PPG president, Asia Pacific, Zheng Weiming, chairman of TEDA Administrative Commission, Ma Jianjun, vice chairman of TEDA Administrative Commission, Zhai Guoqiang, director of TEDA Planning, Natural Resources & Housing Administration, Wang Anbo, vice director of TEDA Human Resources & Social Security Bureau and Han Yongri, vice director of TEDA Science, Technology and Industry Innovation Bureau, Intellectual Property Bureau.
Ma Jianjun, vice chairman of TEDA Administrative Commission (right) and Vincent Robin, PPG vice president, automotive coatings, Asia Pacific (left) signed the investment & cooperation agreement on PPG global R&D center.
Zheng Weiming, chairman of TEDA Administrative Commission (right) held a meeting with Mike Horton, PPG president, Asia Pacific (left)