06 December 2011 16:26 [Source: ICIS news]
HOUSTON (ICIS)--PPG Industries is undertaking a strategic initiative with global suppliers to “secure and enhance” its supply of titanium dioxide (TiO2), the chief technology officer of the US-based chemicals, paint and coatings firm said on Tuesday.
Charles Kahle said PPG’s initiative could include technical collaborations and joint ventures, as well as licensing, "technical assistance opportunities" and other strategic commercial initiatives.
As part of the plan, PPG would “leverage” its intellectual property and expertise in the production and finishing of TiO2 pigment to secure access to TiO2, which is a key raw material for the company’s paint and coatings production, according to Kahle.
“Escalating and volatile pricing for TiO2 has been an important issue for PPG," he said.
He did not disclose specific details nor say with which firms PPG is cooperating.
PPG’s announcement comes amid industry worries about TiO2 and TiO2 ore supplies.
In a related development, US-based pigment firm Tronox announced in September it would back-integrate in a deal with South African miner Exxaro that will secure access to TiO2 ores.
For more on PPG Industries and other producers visit ICIS company intelligence
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