PPG Industries Inc.
) announced that its fiber glass business is providing
heavyweight, reusable 2,000-pound bulk bag package option for its
CHOPVANTAGE wet chop chopped strand products.
The launch of sack packaging option enables wet chop gypsum
customers to process the fiber glass more quickly and easily
through their systems, resulting in minimum downtime and
conversion between packages. Further, PPG is also benefited
as the packaging can be reused and recycled, thereby reducing
energy costs and greenhouse gas emissions. The sack
packaging option will be available in addition to the corrugated
carton packaging options that are available in 1,000-pound and
2,500-pound volumes by weight.
CHOPVANTAGE wet chop chopped strands offer customers a variety
of products to achieve maximum performance in gypsum and roofing
applications. Wet chop chopped strands are produced from
continuous filament strands with unique sizing chemistry. They
also provide many advantages including quick and easy fiber
PPG Fiber Glass has provided the composites industry with
fiberglass reinforcements. Focusing on solutions and
next-generation technologies, PPG Fiber Glass offers
market-driven solutions to its customers. The goal is to find
unmet market needs and transform them into growth opportunities
for the entire supply chain. PPG has been developing and
providing product technology for these wet chop chopped strand
products for the past three decades.
PPG Industries posted its second quarter 2013 results on Jul
18. The company posted earnings (barring one time items) from
continuing operations of $2.45 a share in the quarter, which beat
the Zacks Consensus Estimate by 11 cents. The adjusted earnings
exclude acquisition charges.
Revenues rose 16% year over year to $4,095 million, yet missed
the Zacks Consensus Estimate of $4,115 million. Solid results in
the coatings business was driven by sales gains across automotive
OEM coatings, automotive refinish and aerospace. However, the
architectural coatings business was the weakest link in the
PPG Industries currently carries a Zacks Rank #3 (Hold).
Other companies in the chemical industry worth considering are
Air Products and Chemicals Inc.
). All of them hold a Zacks Rank #2 (Buy).
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