PPG (NYSE:PPG) announced it has acquired land in Tianjin, China where it plans to build a new, paint and coatings research and development (R&D) center. Plans for the facility, which will be located in the Tianjin Economical and Technological Development Area (TEDA) and is scheduled to be completed in 2021, are currently being finalized.
The new facility will be part of the company’s efforts to continue to strengthen its R&D footprint to better serve customers in China, across the Asia-Pacific region and globally, and will service all of PPG’s strategic business units.
“PPG continues to enhance its research and development
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