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PPG, Asian Paints renew India joint venture in 15-year agreement

1. PPG extends joint venture with Asian Paints for 15 years in India. 2. This will strengthen PPG's market presence in various coating sectors until 2041.

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FAQ

Why Bullish?

The long-term joint venture solidifies PPG's foothold in a rapidly growing market. Historically, such strategic partnerships lead to increased revenue potential and market share.

How important is it?

The joint venture significantly impacts PPG's operational strategy in India, a key market.

Why Long Term?

The renewal will take effect in 2026 and last until 2041, indicating sustained benefits for PPG.

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ASPNSHWAXTA
PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE:PPG) today announced the extension of its joint venture agreement in India with Asian Paints Ltd. The 15-year renewal will allow the companies to continue serving the country's industrial, protective, marine, packaging, automotive and powder coatings customers with industry-leading solutions that solve customers' biggest challenges. The extension will take effect in 2026 and run through 2041. “We are pleased to announce the renewal of our joint venture wit.

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