PPG Fiber Glass has sold its 50% interest in the PPG-Devold glass fibre joint venture to Hexagon Devold.
The 50-50 joint venture was created in 2007 to manufacture glass fibre reinforcement fabrics for use in turbine blades for wind energy.
PPG will continue to manufacture glass fibre material for the wind energy industry, and Hexagon Devold will continue to manufacture multiaxial and unidirectional reinforcement fabrics at PPG’s Shelby, NC, glass fibre facility.
PPG Fiber Glass is a global manufacturer of reinforcement materials for thermoset and thermoplastic composite applications with manufacturing and research facilities in the USA, Europe and Asia.
It serves the transportation, energy, infrastructure and consumer markets, as well as electronic circuit board and specialty yarn markets.