GENEVA — The World Trade Organization ruled in favor of the United States and the European Union and against China in an auto parts tariff dispute. This is the first time the WTO has ruled against China in a trade dispute.
The WTO panel acknowledged the U.S., Canadian and EU claims related to auto components tariffs. They agreed the tariffs discriminated against foreign automakers assembling cars in China, and therefore was contrary to WTO rules.
PITTSBURGH, PA - PPG Industries has acquired the assets and intellectual property of NanoProducts Corporation, a producer of nanoproduct materials and a developer of nanoproduct technology. Terms were not disclosed.
The company has an extensive patent estate and operates facilities to develop and manufacture unique nanoparticles.
"This acquisition significantly strengthens PPG's nanotechnology patent
portfolio and positions us as a world leader in nanoengineered
materials," said James A. Trainham, PPG VP. "With these new materials,
PPG can offer its customers and development partners unique, high-value
solutions. PPG will also license nanotechnology solutions, particularly
in areas outside its existing businesses."
PPG's nanotechnology includes patented innovations such as thin-film,
optically clear nanocomposites for scratch protection and reflection of
infrared (IR) and ultraviolet (UV) light from glass.