Ceramic Industry

PPG, Devold to Form Joint Venture (12/12/06)

December 12, 2006

PPG Industries and Devold AMT AS have signed a letter of intent to form a 50-50 joint venture to manufacture glass-fiber reinforcement fabrics for the North American wind energy turbine market. Multiaxial and unidirectional fabrics are major components in windmill blades, and they are also used in the manufacture of a variety of marine, construction and consumer products. The new company, to be called PPG-Devold, leverages PPG’s infrastructure and position in the U.S. market and Devold’s investment in stitched reinforcement technology and customer relationships. The joint venture will include construction of stitched reinforcement fiber glass production lines at PPG’s wholly-owned fiber glass plant in Shelby, N.C., and will create an unspecified number of jobs at the plant.

For more information, visit www.ppg.com.