PPG Inks license agreement for manufacturing TiO2in China

摘要

PPG Industries has entered into a technology license agreement with China-based Henan Billions Chemicals Joint Stock Co., Ltd., that will provide Henan Billions the right to use PPG's technology for the manufacture of chloride-grade titanium dioxide (TiO2) on a worldwide basis. This agreement completes the licensing of PPG technology previously announced by both companies. Terms of the licensing agreement were not disclosed. "We are pleased to reach this worldwide technology license agreement with Henan Billions as it should expand the global supply of chloride-grade titanium dioxide as well as provide a commercial opportunity for PPG technology," said Charles F. Kahle II, PPG Chief Technology Officer and Vice President, Coatings Research and Development.