PPG Industries To Display Advanced Coatings At Vehicle Expo
Zacks Investment Research | Aug 25, 2016 07:24AM ET
PPG Industries (NYSE:PPG) will be displaying its entire range of advanced transparent coatings at the SID Vehicle Displays Detroit symposium and expo to be held in Livonia, MI, from Sep 27–28.
PPG Industries will showcase the coatings used on display glass and plastic substances. The company’s representatives at the event will also explain about the anti-smudge (AS), anti-glare (AG), anti-reflective (AR) and low-reflective (LR) coatings it manufactures. These coatings can be mixed into pre-engineered, pre-stacked and pre-packaged coatings solutions for automotive original equipment manufacturers (OEMs) and tier suppliers.
Additionally, PPG Industries will emphasize on its advanced conductive coatings, which include safe-on-substrate (SOS) alcohol-solvent-based coatings, Neptune Z Series water-based conductive paints, polymer thick film (PTF) ink products and thermosetting electrostatic discharge (ESD) coatings.
The symposium and expo, conducted by the Detroit Chapter of the Society for Information Display (“SID”), is visited by global producers of scientific, engineering and automotive products. Over a span of two days, leaders in the field share technical knowledge and technologies for advancement of in-car electronic-display.
Recently, PPG Industries also announced the display of its Duranar and Coraflon coatings range at Construct 2016, to be held in Texas from Sep 8–9. Additionally, the company will address an industry meeting and highlight a range of printed and digital color selectors, and specification tools at the event.
Shares of PPG Industries rose roughly 0.2% to close at $103.77 on Aug 18.
PPG Industries’ adjusted earnings of $1.85 per share for the second quarter of 2016 improved 10.8% year over year. Sales in the quarter were fairly consistent with the prior-year quarter, at $4,064 million. While earnings beat the Zacks Consensus Estimate, sales lagged the same. The bottom line was primarily boosted by the successful commercialization of innovative products, strong business and cost management as well as earnings-accretive cash deployment.
Industrial Coatings segment sales were $1.44 billion, up 2.3% from the prior-year period and more than 4% in local currencies. Total sales volume grew over 3%, with all products witnessing a rise in sales volume. New technology in packaging coatings drove sales volume by mid-high single digits in every region. Net income for the segment was $292 million, up 12.3% year over year.
PPG Industries currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the chemical space include Mitsubishi Chemical Holdings Corporation Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.