15 May 2012 12:38 [Source: ICIS news]
GUANGZHOU (ICIS)--PPG Industries is targeting more than 10% growth on sales of its packaging coatings in China this year and over 2.5% globally, an executive at the US chemicals, coatings and materials company said on Wednesday.
“We anticipate that global packaging coatings market will grow at 2.5% in average and ?xml:namespace>
Pegg believes that
“We’re looking for the 50% [for
Pegg was speaking on the sidelines of Cannex Asia Pacific 2012 at
The company currently has a research and development (R&D) centre in
PPG is investing more than 4% of its sales revenue on R&D, in response to changing demand and opportunities.
The company is developing products that meet the market trend, including lower volatile organic compounds (VOC), non-bisphenol A (BPA) and waterborne products, he said.
PPG posted $14.9bn sales in 2011 and packaging coatings accounts for around 5% of total businesses, according to Pegg.
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