in News Departments > FYI
print the content item

Pittsburgh-based PPG Industries, a global supplier of glass, fiberglass and other products, and Norway-headquartered Devold AMT AS, a producer of reinforcement products, have signed a letter of intent to form a 50/50 joint venture called PPG-Devold to manufacture fiberglass reinforcement fabrics for the North American wind turbine market.

According to the companies, the joint venture will manufacture stitched reinforcement fiberglass production lines at PPG's fiber glass plant in Shelby, N.C.

"The PPG-Devold partnership will strengthen PPG's position as a major supplier of high-quality fiberglass products to the wind energy market," says Victoria M. Holt, PPG's senior vice president of glass and fiberglass.

The transaction is expected to close by early 2007 and is subject to the negotiation and execution of definitive transaction documents, approval by the board of directors of Devold's parent company, Hexagon, and regulatory approvals.

IOWA Economic Development id2073

Trachte_id2056
Latest Top Stories

More Investors Entering Tax Equity Market; Returns Holding Steady

The entry of new tax equity investors to the wind space last year re-ignited an old debate.


Report: Top 10 Turbine OEMs Had Record Year In 2014

Preliminary findings suggest Vestas reigned supreme again among the world's leading wind turbine makers. How did some of the other OEMs fare?


AWEA's Gramlich To FERC: Additional Transmission Needed Regardless Of Clean Power Plan

To further build a more balanced and reliable electricity portfolio, the U.S. needs to build more transmission capacity.


Getting A Grip On Grinding Gearboxes: Why Such Events Need Not Be Showstoppers

Despite advances in gearbox reliability - namely, from condition monitoring systems and greater design standardization - challenges remain.


How Wind Energy Can Meet EPA Clean Power Plan Requirements

According to the American Wind Energy Association, wind power is a cost-effective solution for complying with the environmental effort.

Hybrid Energy Innovations 2015