PPG Fiber Glass Sells Interest in Fiber Glass Joint Venture
PPG Fiber Glass recently announced it has sold its 50% interest in the PPG-Devold fiber glass joint venture to Hexagon Devold, a wholly owned subsidiary of Hexagon Composites. The 50-50 joint venture was created in 2007 to manufacture glass fiber reinforcement fabrics for use in turbine blades for wind energy. PPG will reportedly continue to manufacture fiber glass material for the wind energy industry, and Hexagon Devold will continue to manufacture multi-axial and unidirectional reinforcement fabrics at PPG’s Shelby, N.C., fiber glass facility.
“PPG is a key supplier to many independent weavers and fabric manufacturers for wind turbines, including Hexagon Devold, and we look forward to continuing that relationship with them,” said Kevin McDonald, general manager, U.S., Canada and EMEA (Europe, Middle East and Africa) fiber glass reinforcement, PPG.
For additional information, visit www.ppgfiberglass.com.