By: ICN Bureau
Last updated : August 05, 2025 5:19 pm
This extension, effective from 2026 through 2041, builds on their successful partnership to continue providing industry-leading coatings solutions
PPG announced the renewal of its joint venture agreement with Asian Paints in India for 15 years.
This extension, effective from 2026 through 2041, builds on their successful partnership to continue providing industry-leading coatings solutions across industrial, protective, marine, packaging, automotive, and powder coatings sectors in one of the world’s fastest-growing economies.
“We are pleased to announce the renewal of our joint venture with Asian Paints, which reflects both our past success and the strong growth potential in this key market,” said Tim Knavish, PPG chairman and CEO. “This decades-long partnership has been a vital driver of our business in India, and we look forward to continuing to serve customers in this rapidly expanding region.”
The collaboration began in 1997 with the establishment of a 50-50 joint venture, PPG Asian Paints Private Ltd., focused on the automotive, refinish, marine, and consumer packaging markets.
In 2012, it was expanded with the creation of another 50-50 joint venture, Asian Paints PPG Private Ltd., to serve the protective and powder coatings segments. Both ventures will continue to leverage PPG’s technical expertise and global reach. PPG will maintain management control of PPG Asian Paints Private Ltd., while Asian Paints Ltd. will retain effective management control of Asian Paints PPG Private Ltd., maximizing the strengths of each company.