PPG Acquires Remaining Interest in IVC Joint Venture in Asia
PITTSBURGH – PPG has purchased the remaining 50% ownership interest in its Asian joint venture comprising IVC (Malaysia) Sdn Bhd and IVC-OPS (Singapore) Pte. Ltd. from its joint-venture partner, Omni-Plus System Pte. Ltd.
The IVC joint venture was formed in 2008 and principally supplies industrial coatings to the appliance and electronics-materials segments. In 2016, it had sales of less than $10 million as an equity affiliate of PPG.