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PPG, OTHERS, PLAN CHINA FLOAT GLASS PLANT

 PPG, OTHERS, PLAN CHINA FLOAT GLASS PLANT
 BEIJING, Nov. 10 /PRNewswire/ -- Pittsburgh-based PPG Industries


(NYSE: PPG) has joined with Asahi Glass Co. of Japan and three other partners to build a US$100 million-plus flat glass plant near Dalian, China, at the northern end of the Yellow Sea.
 Construction of the Dalian Float Glass Co. (DFG) facility, in Dalian Technical and Economic Development Zone, Liaoning Province, will begin soon for early 1995 start-up.
 Pennvasia Ltd., a Hong Kong joint venture of PPG and Asahi Glass, has 60 percent equity in DFG. It also owns 50 percent of Guangdong Float Glass Co., Shekou, China. PPG and Asahi Glass also jointly own Asahi-Penn Chemical Co. in Japan and are among venture partners in an Indonesian chemicals facility and an American automotive glass parts manufacturer.
 Dalian Glass Works has 20 percent interest in DFG. Japan's Itochu Corp., formerly C. Itoh & Co., whose PPG-CI Co. joint venture markets PPG flat glass in Japan, and China National Building Materials & Equipment Import & Export Corp., a commercial arm of the State Administration for Building Materials Industry, each have 10 percent equity.
 "The Asia-Pacific region, including China, has the world's fastest-growing flat glass demand -- about 5 percent a year," Vincent A. Sarni, PPG board chairman and chief executive officer, said today at a Beijing news conference.
 "This demand, the partners' strong operating, technical and marketing expertise, and success of Pennvasia's joint venture in the southern province of Guangdong, provide strong indications that Dalian Float Glass will be a success. For PPG, it is a logical next step in its Asia-Pacific expansion."
 He added that "China's requirement for high-quality flat glass cannot be met by its existing glass plants. Although it accounts for about half of Asia-Pacific's annual production, about 80 percent of China's four million tons is sheet glass -- half of it made at small and inefficient plants."
 Much of DFG's 600-ton-per-day production will be sold in northeastern China, with export sales directed to nearby countries such as Japan and South Korea. Dalian is a major transportation hub well served by rail and port facilities.
 The plant will use domestic raw materials to produce clear glass in thicknesses of two to 12 millimeters, primarily for construction, housing, mirrors, motor vehicles and furniture.
 PPG is a global producer of flat glass, fiber glass, coatings, chemicals and medical electronics. A Nanchang, China, joint venture develops silicas markets and produces rolls for rice hulling equipment, and a new Hong Kong joint venture markets and may produce automotive original equipment coatings in China.
 Other PPG Asia-Pacific ventures have operations in South Korea, Taiwan and Thailand.
 -0- 11/10/92
 /CONTACT: John S. Ruch of PPG Industries, in Pittsburgh, 412-434-2445/
 (PPG) CO: PPG Industries; Asahi Glass Co.; Dalian Float Glass Co.;
 Pennvasia Ltd.; Dalian Glass Works; Itochu Corp.; China National
 Building Materials & Equipment Import & Export Corp. ST: Pennsylvania IN: CHM SU: JVN


DM -- PG001 -- 9069 11/10/92 07:59 EST
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Date:Nov 10, 1992
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