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PPG to Showcase Exterior Coatings at Frame Building Expo

Zacks Equity Research

PPG Industries, Inc.’s PPG coil and building products – exterior coatings business will showcase the full range of Duranar, Durastar and Duraform coatings at the 2016 Frame Building Expo in Indianapolis, to be held from Mar 9–11.

The coatings provided by PPG Industries are designed to meet performance as well as budget demands of customers. Adding to this, with over 50 years of tried and tested performance, Duranar 70-percent polyvinylidene fluoride coatings offer extraordinary colorfastness and maintain gloss on buildings even in harsh agricultural and industrial environments.

Duranar Ultra-Cool and color-shifting Duranar Vari-Cool feature PPG’s exclusive infrared-reflective (IR-reflective) pigment technology, abiding by the cool roof performance criteria set by the Leed, Energy Star and Cool Roof Rating Council (CRRC) programs. On the other hand, Durastar SMP (silicon-modified polyester) coatings provide long-lasting, value-oriented color and protection for metal panels, roofs, doorframes, garage doors and other building components made of aluminum, cold-rolled steel and hot-dip galvanized steel. Additionally, Duraform BP (building product) coatings incorporate PPG’s proprietary hyper-branch polymer for protecting and beautifying gutters, downspouts, flagpoles, metal fencing, awnings, metal doors and similar components.

PPG Industries’ Industrial Coatings segment’s sales rose around 2% to $1.37 billion in fourth-quarter 2015 on volume gains and contributions from acquisitions. Automotive OEM coatings volumes rose by a mid-single-digit percentage, surpassing the global industry growth rate of around 4%. Industrial coatings and specialty coatings and materials businesses saw higher year-over-year growth, driven mainly by Europe and Asia. Packaging coatings volumes rose by a mid-single-digit percentage in the quarter, supported by new-technology-related customer conversions.

PPG Industries remains committed to deliver higher organic growth, including continued commercialization of its innovative, industry-leading coatings technologies.

Shares of the company rose around 1.2% to close at $98.16 on Feb 26.

PPG Industries currently carries a Zacks Rank #3 (Hold).

Better-ranked companies in the basic materials space include Koninklijke DSM N.V. RDSMY, Daqo New Energy Corp. DQ and Ferroglobe PLC GSM. While Koninklijke and Daqo New Energy sport a Zacks Rank #1 (Strong Buy), Ferroglobe carries a Zacks Rank #2 (Buy).

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PPG INDS INC (PPG): Free Stock Analysis Report
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