The Valspar Corporation (VAL) recently stated that its Valde Edge Coverage Powder (“ECP”) has displayed superior anti-corrosion properties required for the heavy machinery market in a field trial. The test was initiated in May 2014, almost two and half years after the first Valde ECP was put through field testing.
Share price of the company rose 1.1% during the trading session following the announcement.
The skid steer loader is a heavy machinery designed for extreme uses like asphalt grinding. According to test reports, the edges of the loader when coated with Valde’s ECP delivered better results than edges of machines coated with traditional coatings. Valspar Valde’s ECP has proved to be an innovative coating, which can provide tough, improved and long-lasting corrosion resistance and a smooth appearance at the lowest possible price.
Valde ECP is a breakthrough technology that saves time and money and is primarily intended for the heavy machinery market. It consists of a powder primer and a top coat, which are applied in a single cure step, eradicating the capital and operational expenses included in second curing oven.
Jason Bolz, director of global heavy machinery at Valspar Industrial, stated that the performance of the Valde ECP on heavy machineries was satisfactory. In fact, he believes that it can be appropriate for commercial use for multiple customers as it can improve the durability of edge corrosion of heavy machines.
Valspar is a Zacks Rank #3 (Hold) stock.
Better-ranked stocks in the specialty chemicals space include Green Plains Inc. (GPRE), Ferro Corp. (FOE), BioAmber Inc. (BIOA). While Green Plains holds a Zacks Rank #1 (Strong Buy), Ferro and BioAmber retain a Zacks Rank #2 (Buy).