Nine products of PPG Industries Inc.’s (PPG) architectural coatings business has received GREENGUARD certification with the view to protect human health through air quality improvements and reduced chemical exposure.
The products that were awarded the certification are SEAL GRIP Interior/Exterior Acrylic Universal Primer/Sealer, PPG SPEEDHIDE Interior Enamel Eggshell Latex, PPG SPEEDHIDE Interior Semi-Gloss Acrylic Latex, PITT-GLAZE WB1 Interior Eggshell Pre-Catalyzed Water-Borne Acrylic Epoxy, PITT-GLAZE WB1 Interior Semi-Gloss Pre-Catalyzed Water-Borne Acrylic Epoxy, SPEEDHIDE SUPER TECH WB Interior 100% Acrylic Dry-Fog Flat Latex, SPEEDHIDE SUPER TECH WB Interior 100% Acrylic Dry-Fog Semi-Gloss Latex, Pitt-Tech Plus Interior/Exterior DTM Industrial Primer and Pitt-Tech Plus Interior/Exterior Semi-Gloss DTM Industrial Enamel.
PPG Industries’ products received the GREENGUARD certificate for Indoor Air Quality and Children & Schools programs, which display products in office environments, indoor spaces and schools, daycares and other environments for children.
They also meet strict chemical emissions limits and contribute to healthy interiors. These programs are also recommended by both The Collaborative for High Performance Schools and the Leadership in Energy and Environmental Design Building Rating System
The certification process enables manufacturers to make products that emit lesser chemicals, thus keeping the air, in which they are produced, pollution free. The GREENGUARD Environmental Institute supports the certification.
PPG Industries has a diversified business, both in terms of products offered and geographical presence. It has a leading position in several paints and coatings end markets. The company looks to grow its businesses strategically along with controlling costs.
PPG Industries is also taking steps to grow its business inorganically by making a number of acquisitions. Moreover, it is pursuing restructuring of its European operation, which is expected to fetch meaningful cost savings this year.
However, the European market is expected to remain under pressure and raw material inflation and currency headwinds remain concerns for the company.
PPG Industries currently holds a short-term Zacks Rank #3 (hold).
Other companies in the chemical industry that are worth considering include Akzo Nobel NV (AKZOY), Axiall Corporation (AXLL) and LyondellBasel Industries NV (LYB). All of them carry a Zacks Rank #2 (Buy).
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