日韩午夜精品视频,欧美私密网站,国产一区二区三区四区,国产主播一区二区三区四区

Home / English Column / Business (new) / More News Tools: Save | Print | E-mail | Most Read
PPG Boosts Market Share Through Acquisitions
Adjust font size:

PPG Industries Inc., the world's leading diversified manufacturer, announced five acquisitions in the second quarter in order to raise its market share in key coatings markets.

These moves begin to make an impact on its sustained and rapid growth. According to the recently released second quarter report, PPG realized net income of US$280 million on sales revenue of US$2.8 billion, a year-on-year growth of 21 percent and 6 percent respectively. Its coatings business in Asia grew 21 percent in the second quarter.

PPG's Asia Pacific development strategy and target is to achieve US$2 billion sales within 5 years. To achieve this, it acquired Crown Coatings of Singapore, a leading wood coatings company and moved it to China for production. As for architectural coatings market, it expanded its distribution channels by acquiring certain assets of Shanghai Sunpool, who has been the sole distributor for its interior coatings brand Master's Mark Paints. For fiber glass products, PPG and Nanya Plastics Corporation have built the world's largest fiber glass manufacturing plant in Kunshan, with a potential output capacity of 120,000 metric tons.

"Looking ahead, funding growth initiatives remains a priority for our free cash flow," said Charles E. Bunch, the company's chairman and chief executive officer.

(China.org.cn August 23, 2006)

Tools: Save | Print | E-mail | Most Read

Related Stories
PPG Wins PACE Award
?
SiteMap | About Us | RSS | Newsletter | Feedback
SEARCH THIS SITE
Copyright ? China.org.cn. All Rights Reserved ????E-mail: webmaster@china.org.cn Tel: 86-10-88828000 京ICP證 040089號
主站蜘蛛池模板: 汶上县| 普定县| 曲阳县| 巴南区| 镇雄县| 济宁市| 读书| 太仆寺旗| 玛多县| 伊金霍洛旗| 宁阳县| 靖安县| 宣恩县| 阿拉善盟| 巴彦淖尔市| 平塘县| 石门县| 安徽省| 鸡泽县| 来凤县| 蕉岭县| 天台县| 庆云县| 肃南| 稷山县| 沂南县| 如皋市| 微山县| 东平县| 唐山市| 津市市| 乐至县| 南平市| 定远县| 长岭县| 桑日县| 依兰县| 札达县| 青冈县| 仁化县| 邵阳县|