Insurer enters into joint venture for its Chinese insurance operations with Sanpower Group Co., Ltd. Liberty Mutual Insurance and Sanpower Group Co., Ltd., one of China’s leading private enterprises, announced today they have agreed to create a joint venture from Liberty Mutual’s current Chinese property and casualty insurance operations. Sanpower will hold a 51 percent […]
PPG Industries and AECI Ltd. Set South African Coatings Venture
PPG Industries (NYSE: PPG) and AECI Ltd. of Johannesburg, South Africa, announced yesterday that they have agreed to join forces in an automotive refinish, auto original equipment and industrial coatings venture based on AECI’s technical coatings division at Port Elizabeth. Completion of the transaction is subject to regulatory approvals. Terms were not disclosed. Douglas C. […]
NOF Corporation and BASF Coatings Form Coatings Joint Venture in Japan
BASF Coatings Division announces continued growth NOF Corporation and BASF Coatings AG have agreed to conduct a feasibility study for joining their entire coatings business in Japan and signed a Letter of Intent hereto. The partners intend to complete the feasibility study by March 2000. NOF and BASF are currently operating two joint ventures in […]