Issue Date: July 2, 2012
PPG Licenses TiO2 To Chinese Firm
PPG Industries has agreed to license its chloride-based titanium dioxide technology to Henan Billions Chemicals, a Chinese manufacturer of TiO2, zirconium, and aluminum sulfate. In addition, PPG has signed a long-term agreement with Billions to purchase TiO2, which PPG uses to make paint. The deal is part of a PPG plan to increase its access to the white pigment, the price of which has been rising. In April, PPG said it would provide technology to Argex Mining, a Canadian firm with plans to enter the TiO2 business.
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