PGW, Xinyi explore joint venture to supply automotive glass

  • 12-Aug-2010 04:01 EDT

Pittsburgh Glass Works LLC (PGW) and Xinyi Automobile Parts (Wuhu) Co. Ltd. have entered into discussions relating to the potential formation of a joint venture company or other cooperative effort. The effort could result in the manufacture of automotive glass products to serve automotive manufacturers in China and for the export of such products from China to be sold in global OEM markets. As a subsidiary of Xinyi Glass Holdings Ltd., Xinyi Automobile Parts supplies windshields, accessories, and glass moldings. Along with PGW, a supplier of automotive glass and services, the parties have an existing relationship that includes the supply of automotive replacement glass in global markets. The companies now wish to explore expanding their relationship into new areas. PGW and Xinyi are establishing a joint task force with the intent of concluding preparatory work regarding the possible venture on or before Dec. 31.

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