PPG Industries Inc. Secures 40% Stake in Taiwan Chlorine Industries

United States based PPG Industries Inc. announces acquisition of 40% ownership stake in Taiwan Chlorine Industries (TCI) from China Petrochemical Development Corporation

Taiwan: PPG Industries Inc., a Fortune 500 global paint & coatings, fiberglass supplier company, announced acquisition of 40% stake in TCI chemicals, a chlorine based product manufacturer in Taiwan. Initially, PPG owned 60% stake in TCI chemicals in alliance with CPDC. However, on account of the separation of PPG’s commodity chemicals business, the company transferred its stake into Axiall Corporation in 2013. Upon acquisition of Axiall Corporation by Westlake Corporation in 2016, CPDC was supposed to transfer 40% of its stake to Axiall. However, Axiall corporation granted the option for acquisition of minority stake in TCI to PPG Industries Inc. in June 2016.

TechSci Research depicts that the acquisition of minority stake would bolster the position of PPG in the global market for chlorine based products. Additionally, expanding chlorine industry is projected to positively impact the global chlorine dioxide generators market over the coming years.

According to the recently published report by TechSci Research, “Global Chlorine Dioxide Generators Market By Type (2-Chemical, 3-Chemical and Electrochemical), By Application (Water and Wastewater Disinfection, Pulp and Textile Bleaching, etc.), By Region, Competition Forecast and Opportunities, 2011 – 2021”, the global market for chlorine dioxide generators is projected to grow at a CAGR of over 7% during 2016 - 2021, on account of increasing investments and favorable government initiatives. In 2015, Asia-Pacific dominated the for chlorine dioxide generators market due to rising demand for these generators from China, India, Japan and Bangladesh. Increasing government initiatives to encourage use of non-toxic reagents for water treatment and bleaching is expected to boost consumption of chlorine dioxide in the coming years. Few of the leading players operating in the global chlorine dioxide generators market include Prominent, Ecolab and Grundfos.