Nine products of P
PG Industries Inc.
) architectural coatings business has received GREENGUARD
certification with the view to protect human health through air
quality improvements and reduced chemical exposure.
The products that were awarded the certification are SEAL GRIP
Interior/Exterior Acrylic Universal Primer/Sealer, PPG SPEEDHIDE
Interior Enamel Eggshell Latex, PPG SPEEDHIDE Interior Semi-Gloss
Acrylic Latex, PITT-GLAZE WB1 Interior Eggshell Pre-Catalyzed
Water-Borne Acrylic Epoxy, PITT-GLAZE WB1 Interior Semi-Gloss
Pre-Catalyzed Water-Borne Acrylic Epoxy, SPEEDHIDE SUPER TECH WB
Interior 100% Acrylic Dry-Fog Flat Latex, SPEEDHIDE SUPER TECH WB
Interior 100% Acrylic Dry-Fog Semi-Gloss Latex, Pitt-Tech Plus
Interior/Exterior DTM Industrial Primer and Pitt-Tech Plus
Interior/Exterior Semi-Gloss DTM Industrial Enamel.
PPG Industries' products received the GREENGUARD certificate for
Indoor Air Quality and Children & Schools programs, which
display products in office environments, indoor spaces and
schools, daycares and other environments for children.
They also meet strict chemical emissions limits and contribute
to healthy interiors. These programs are also recommended by both
The Collaborative for High Performance Schools and the Leadership
in Energy and Environmental Design Building Rating System
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The certification process enables manufacturers to make products
that emit lesser chemicals, thus keeping the air, in which they
are produced, pollution free. The GREENGUARD Environmental
Institute supports the certification.
PPG Industries has a diversified business, both in terms of
products offered and geographical presence. It has a leading
position in several paints and coatings end markets. The company
looks to grow its businesses strategically along with controlling
PPG Industries is also taking steps to grow its business
inorganically by making a number of acquisitions. Moreover, it is
pursuing restructuring of its European operation, which is
expected to fetch meaningful cost savings this year.
However, the European market is expected to remain under pressure
and raw material inflation and currency headwinds remain concerns
for the company.
PPG Industries currently holds a short-term Zacks Rank #3 (hold).
Other companies in the chemical industry that are worth
Akzo Nobel NV
LyondellBasel Industries NV
). All of them carry a Zacks Rank #2 (Buy).