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GenCorp And C P Group To Serve Asia-Pacific Markets

GenCorp Inc., Fairlawn, Ohio, has announced a joint venture with ChareonPokphand Group (C.P. Group), Thailand, to serve the decorative PVC film and fabric markets in the Asia-Pacific region. The companies also plan to expand product lines in North America and Europe.The joint venture will be known as CPPC Decorative Products Co. Ltd. and currently has annual sales of $25 million. CPPC will operate from the two current manufacturing locations in Thailand.By combining efforts with one of Asia-Pacifics largest and most respected companies, we have positioned ourselves to be a major player in the region, said John Yasinsky, chairman and CEO, GenCorp. CPPC will initially focus on coated fabrics and decorative film laminates for the furniture, home furnishings, outerwear, luggage and vinyl accessories markets. This joint venture company will become part of GenCorps spin-off company, OMNOVA Solutions Inc., upon the completion of the spin-off this fall.

October 1999