Pittsburgh Glass Works (PGW) and Xinyi Automobile
Parts (Wuhu) Co. Ltd. to Explore Joint Venture to Supply Auto Glass
August 3, 2010
Pittsburgh Glass Works LLC (PGW) and Xinyi Automobile Parts (Wuhu)
Co. Ltd. have entered into discussions about the possible formation
of a joint venture company "or other cooperative effort,"
according to a press
release issued by PGW today.
The companies say a joint task force will study the possibility
"with the intent of concluding preparatory work regarding the
possible venture on or before December 31, 2010."
"The effort could result in the manufacture of automotive
glass products to serve automotive manufacturers in China and for
the export of such products from China to global OEM markets,"
reads a press release from the two companies.
PGW spokesperson Robert McCullough says the two companies have
worked together in the past.
"Well, there has been a commercial relationship with the two
organizations for a period of time and it looks like a natural evolution,"
says McCullough. "I think that's why the next three or four
months we've decided to work together to see where this is going
to pan out."
McCullough was unable to comment exactly what the joint venture
"That's exactly what we're going to be figuring out,"
he said. "We're going to have to sort that out."
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