PPG INDUSTRIES <PPG> TO BUILD TAIWAN PLANT
PPG Industries said it signed an
agreement with Formosa Plastics Group to build and operate a
continuous strand fiber glass manufacturing plant in Taiwan.
    The 50-50 joint venture of PPG and Nan Ya Plastics, a
corporation of Formosa Plastics Group, is subject to approval
of Taiwan governmental agencies.
    PPG said the plant, scheduled to begin operating in early
1989, will have an initial annual capacity of 20,000 metric
tons.
 Reuter
