PPG Industries, Inc.’s PPG proprietary Powercron AdvantEdge technology (an e-coating technology) has been added by MetoKote Corporation − the biggest custom coating applicator in the world – to the latter’s Sheffield Village, OH and Sumter, SC plants.
The Powercron AdvantEdge technology is an advanced, cutting-edge cationic-epoxy product, formulated with a proprietary metal-free catalyst that eradicates the need for dibutyl tin and other limited or restricted heavy metals as catalyzing agents. Moreover, this product meets customers’ demand for corrosion-resistant and eco-friendly materials.
Additionally, Powercron AdvantEdge electrocoat is specially designed to offer excellent protection of cut, stamped or formed edges on complex metal parts. Further, this e-coat provides many performance benefits like curing at low temperatures to reduce energy use and associated carbon emissions compared with other e-coats which come with traditional metal-based catalyzing technologies. Powercron AdvantEdge also has a smooth film appearance, improved throwpower and exceptional corrosion resistance.
PPG Industries has a diversified business and a leading position in several paints and coatings end markets. Healthy momentum across automotive OEM, automotive refinish and aerospace markets is expected to support the company’s results this year. PPG Industries should also continue to gain from acquisitions.
Recently, PPG Industries agreed to buy privately-owned specialty powder and liquid coating maker – IVC Industrial Coatings, Inc. – for an undisclosed price. The deal, which is subject to customary closing conditions, is expected to close in the third quarter of 2015.
PPG Industries currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the chemical space include Stepan Company SCL, LyondellBasell Industries N.V. LYB and Trecora Resources TREC, all sporting a Zacks Rank #1 (Strong Buy).
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