Asian Paints Ltd.

Asian Paints has extended its joint venture agreement in India with PPG. The 15-year renewal will allow the companies to continue serving the country’s industrial, protective, marine, packaging, automotive and powder coatings customers with industry-leading solutions that solve customers’ biggest challenges. The extension will take effect in 2026 and run through 2041.

The partnership was established in 1997 with the formation of a 50-50 joint venture, PPG Asian Paints, to service the automotive, refinish, marine and consumer packaging markets. It was expanded in 2012 with the formation of a separate 50-50 joint venture, Asian Paints PPG, to service the protective and powder coatings market. PPG will continue to have management control of PPG Asian Paints, and Asian Paints will have management control of Asian Paints PPG to best utilize the companies’ respective strengths. 

Asian Paints manufactures a wide range of paints for decorative and industrial use and also offers Wall Coverings, water proofing, adhesives and services under its portfolio.