PPG Industries Inc.'
) shower glass product CLARVISTA glass has been recognized as one
of the '101 Best Products of the Year' in the 'Kitchen &
Bath' category by Professional Builder magazine.
Each year, the editors of Professional Builder and Professional
Remodeler magazines choose '101 Best Products of the Year' in 16
product categories. They look for innovative materials, finishes
and systems used in building products intended for the
residential construction market.
The proprietary coating on the Clarvista shower glass seals the
surface against corrosion caused due to moisture, heat, humidity,
and soap and chemicals in household cleaning products. On regular
maintenance, the shower glass looks as good as new.
The normal uncoated glass, on the other hand, is susceptible to
corrosion, which makes it look dull over time.
One can avail Clarvista shower glass along with conventional
clear glass or STARPHIRE ultra-clear glass from PPG. The
combination of these two glasses produces a highly transparent
shower glass, often used in luxury homes, resorts and commercial
PPG Industries posted its second quarter 2013 results on Jul 18.
The company's adjusted earnings for the quarter topped the Zacks
Consensus Estimate. Profit jumped on strong results from the
company's coatings business and cost reduction initiatives.
Revenues rose by double digits but missed expectations. Strong
momentum across North America and Asia was somewhat masked by
sustained weakness in Europe.
The company expects the earnings momentum to continue in the
third quarter. PPG Industries has a diversified base of products
and markets and looks to grow its businesses strategically along
with controlling costs. However, the European market is expected
to remain under pressure. The company is also exposed to raw
material cost pressure.
PPG Industries currently carries a Zacks Rank #3 (Hold).
Other companies in the chemical industry worth considering are
Northern Technologies International Corp.
Cytec Industries Inc.
Eastman Chemical Co.
). All of them hold a Zacks Rank #2 (Buy).
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PPG INDS INC (PPG): Free Stock Analysis
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