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PPG Industries Announces Licensing Agreement with China-based Henan Billions for Titanium Dioxide Technology


Tuesday, 26 Jun 2012 09:27am EDT 

PPG Industries announced that it has signed a memorandum of understanding with Henan Billions Chemicals Co., Ltd. (Billions), by which PPG will license certain chloride-based technologies to Billions for use at Billions’ titanium dioxide (TiO2) refinement facilities in China. In addition, PPG has signed a long-term purchase agreement for titanium dioxide with Billions. Commercial terms of the agreements and license proceeds from Billions to PPG were not disclosed. PPG intends to use the chloride-based TiO2 manufactured by Billions for various end-use applications, including paints and other coatings. The TiO2 also would be available for sale to third parties. 

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158.84
3.29 +2.12%
17 May 2013