Kansai Negotiate to Form Alliance
Pittsburgh's PPG Industries
and Kansai Paint of Osaka, Japan, have announced that they have signed
a non-binding memorandum of understanding and have entered into negotiations
for the creation of an alliance between the two companies.
Officials from both companies said the objective of the alliance would
be to respond effectively to the demands and requirements of the global
automotive original equipment manufacturer (OEM) industry quickly and
effectively, and this should assist PPG and Kansai in serving their traditional
automotive OEM customers.
The alliance will also allow the companies to set up marketing and sales
operations in North America and Europe for Japanese automotive OEMs as
well as in Shanghai, China, and expanding into other Asian countries later,
to serve all of the region's automotive OEM customers.