PPG Industries & Air Tractor Launch First E-coat System

 | Nov 13, 2017 08:25PM ET

PPG Industries Inc. (NYSE:PPG) and Air Tractor have jointly brought forth the first electrocoat (e-coat) primer system for the aerospace industry. The latest system will help to manufacture original-equipment aircraft parts on a full scale. Recently, both companies unveiled the system at the Air Tractor agricultural manufacturing facilities in Olney, TX and celebrated the launch in the presence of aerospace industry representatives, elected officials, Air Tractor dealers and PPG Industries’ executives.
The e-coat system is enclosed by a new three-story, 6,600-square-foot facility that includes an automated parts rack hoist, 10 5,000-gallon immersion tanks, cure ovens and a reverse osmosis water-treatment system. The racking system supports 3,000 different-sized and -shaped airplane parts.
PPG Industries has underperformed the

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Zacks Rank & Stocks to Consider

PPG Industries currently carries a Zacks Rank #4 (Sell).

Some better-ranked stocks in the basic materials space are Ingevity Corporation (NYSE:NGVT) , Westlake Chemical Corporation (NYSE:WLK) and POSCO (NYSE:PKX) .
Ingevity has expected long-term earnings growth of 12% and sports a Zacks Rank #1 (Strong Buy). You can see Zacks Investment Research
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