PPG signs agreement for titanium dioxide technology with a China-based company
June 29, 2012
PPG Industries has signed a memorandum of understanding with Henan Billions Chemicals Co., Ltd. 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. 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. PPG previously manufactured titanium dioxide using the chloride process at its chemicals facility in Natrium, W. Va., and sold titanium dioxide pigment for coatings and other end-use applications. Titanium dioxide is a raw material widely used in the paint and coatings industry as a pigment to provide hiding, durability and whiteness characteristics.