BIZCHINA / Overseas Investment
In the slipstream
(China Daily)
Updated: 2006-11-20 08:46
PPG Aerospace, a global leader in aerospace coatings, sealants and
transparencies, is pouring some US$10 million into China in the near
future. The company is setting up more application support centres (ASCs)
around the country to bolster its business growth in the fledgling but
promising market.
"As the Chinese aviation market further develops, we are witnessing
several positive tendencies that facilitate our business growth here.
That is why we are brewing new ASC expansion plans for further business
development," Fang Hong, general manager of PPG Aerospace Asia Pacific,
tells China Daily.
PPG Aerospace is a branch of PPG Industries in Pittsburgh, Pennsylvania.
Founded in 1883, the company is listed on the New York Stock Exchange and
reported a net income of US$596 million in 2005.
PPG Industries was one of the few global coating companies to invest in
China in the 1980s. Among its seven major products currently produced and
sold in China are automotive and industrial coatings.
PPG Aerospace set up its Suzhou ASC in 2002. Although PPG does not
release its China sales figures, the company does say that by 2011, it
expects PPG Aerospace global sales to double from the current figure to
US$1 billion.
Fang says the new business expansion plans in China involve a new ASC
venture in Tianjin with future ventures in Guangzhou and Chengdu.
"The layout follows the geography of our new expansion plans in China. It
is also in line with the direction of development in the country's
aviation industry," Fang says.
Europe-based aviation giant Airbus is establishing an aircraft assembly
line, producing the A320 in Tianjin Municipality. As Airbus global
supplier, PPG Aerospace is setting up an ASC in Tianjin to offer coating
products and other services for Airbus.
"Airbus's new production facility in Tianjin is fuelling the
establishment of our ASC in the coastal city. In fact, Airbus has asked
us to offer integrated services and products," Fang elaborates.
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