FT. MYERS, FL and PITTSBURGH — NeoMedia Technologies has signed a contract with PPG Industries, through PPG Paints Trading (Shanghai) Co. Ltd., a subsidiary of PPG, to distribute PPG Auto Refinish products throughout the People’s Republic of China via Jinche Yingang Auto Technological Services Limited.
NeoMedia President and CEO Charles Jensen said his company will distribute to Beijing Sino-US Jinche Yingang Auto Technological Services Limited (Jinche Yingang Automobile Co.), a joint venture based in Beijing, which operates under the laws of the People’s Republic of China. Based in Beijing, Jinche Yingang specializes in automobile sales, financing, insurance and repair.
“China continues to offer real growth opportunities in the Automotive Aftermarket,” said Mike Horton, general manager for PPG Auto Refinish Asia Pacific. “Choosing the right distribution partner is key to capturing those opportunities, we are confident we have made a good choice with NeoMedia.”
“The automotive aftermarket in China is in its relative infancy,” Jensen said. “We believe it presents a world of opportunity to NeoMedia and everyone now getting involved. Gaining the confidence and distribution business from PPG, a known and respected worldwide leader in auto refinishes as well as a variety of technology-based products and services, allows NeoMedia to step to the fore in presenting our wares and credentials to this market.”
In addition to buying and using PPG Auto Refinish products from NeoMedia, Jensen said that Jinche Yingang will also serve as a non-exclusive distributor and user of NeoMedia’s high technology Micro Paint Repair products and systems at its automotive service facilities throughout China.
_______________________________________
Click here to view the rest of today’s headlines.
