Newswatch: PPG, Kansai in Negotiations to Form Alliance
PPG Industries and Kansai Paint say they have signed a nonbinding memorandum of understanding and entered into negotiations for creating an alliance that would target the global automotive OEM market.
Under the agreement, PPG (Pittsburgh) and Kansai Paint (Osaka, Japan) would initially set up marketing and sales operations in North America and Europe for Japanese automotive OEMs, PPG says. PPG and Kansai would later set up marketing and sales operations in Shanghai, China, and then in other Asian countries to serve all of the region's automotive OEM customers.