PPG and Asian Paints extend their India joint venture with a new 15-year agreement.

PPG has announced a 15-year extension of its joint venture agreement with Asian Paints Ltd in India. Effective from 2026 through 2041, the renewed partnership will enable both companies to continue delivering advanced solutions across industrial, protective, marine, packaging, automotive, and powder coatings segments, addressing key challenges faced by customers in the region.

“We are pleased to announce the renewal of our joint venture with Asian Paints, which is a testament to the past success and strong growth potential in this key market,” said Tim Knavish, PPG chairman and CEO. “This decades-long relationship is a key success factor for our business in India, and we look forward to serving customers in this rapidly growing region.”

The partnership between PPG and Asian Paints began in 1997 with the creation of a 50-50 joint venture, PPG Asian Paints Private Ltd., focused on serving the automotive, refinish, marine, and consumer packaging markets. In 2012, the collaboration expanded with the establishment of a second 50-50 joint venture, Asian Paints PPG Private Ltd., to cater to the protective and powder coatings segments. Both joint ventures will continue to benefit from PPG’s global presence and technical expertise. Under the renewed structure, PPG will retain management control of PPG Asian Paints Private Ltd., while Asian Paints Ltd. will maintain effective management control of Asian Paints PPG Private Ltd., allowing each company to capitalise on its core strengths.

Source: PPG